Private practice queries

  Written by Marc   Posted 10 September 2013

I've started my own private practice
I was employed before that and was a registered "normal" tax payer and did my e-filing chop chop easy. I'd like to continue doing my own e-filing:

Do I have to register now as a different tax payer now that I'm working for myself?
And must I complete the form where it asks for my own income and will it automatically update then and ask if I had other expenses?

And what all can I keep as "business" expenses? (I rent an office and pay a receptionist as well)...

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There is nowhere to list my deductions as a self employed business owner

  Written by Marc   Posted 10 September 2013

I am filling out the tax return and despite having said Yes to being a provisional tax payer it is asking me questions relevant only to an employee, such as do I have a company car etc and keeps referring to my IRP5, which obviously I don't have, being self employed.

Has something gone wrong, am I filling in the wrong form? Where do I list my deductions, of which there are many?

Do students doing training pay tax?

  Written by Marc   Posted 10 September 2013

Hey TaxTim, I am a student doing my in-service training. Do I need to pay tax if I am earning R5000 per month?? I started in July 2013, I am on a contract.

Can I get money from a tax return and how?

  Written by Marc   Posted 10 September 2013

Can I get money from my tax return and how much is the money per year of working?

How do I apply to be over taxed on pension received?

  Written by Marc   Posted 10 September 2013

I receive a monthly pension from my late husband. I have submitted my SARS and I have to pay in a large amount back to SARS. I have spoken to SARS as well as GEPF and the advice I received was to apply to Department Finance to over tax me to avoid this situation again. I don't know how, where and to whom I must speak to adjust my tax. Thanks

How to fill in your Tax return with two sources of income, but no IRP 5?

  Written by Marc   Posted 10 September 2013

I do work for a research group but am not formerly employed by the research group at the university. I am listed as a vendor and get paid for things I do for the group. Effectively as a supplier of things I make.

So how do I fill in my tax form since I am in the tax threshold. I do not get a IRP 5 since I am not employed by them. I also received a pay out of a fund that I had from my previous work and it shows up in my form as an employer.

Now I would like to know how do I go about to fill in my form as I am receiving income but do not know what code or where to put it in the form. ...

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Travel allowance back up docs

  Written by Marc   Posted 10 September 2013

Hi TaxTimWhat kind of back up documentation must one hand in when you have a 3701 and 3702 code on your IRP5?Regards

Hi Tim, is code 3715 on my IRP5 claimable from SARS?

  Written by Marc   Posted 10 September 2013

Hi Tim, is code 3715 on my IRP5 claimable from SARS?

Foreign Cruise ship income

  Written by Marc   Posted 10 September 2013

Hi Tim, Please assist, I have earned foreign income working on the cruise ships. However, I have been in SA for more than 183 days for both 2013 tax year and 2014 tax year.Are there special exclusions for cruise ship income?Many thanks

Student mode not showing

  Written by Marc   Posted 10 September 2013

I already have an account but I can't see the student mode at the top?

How do I change e-mail adress on my student registration details?

  Written by Marc   Posted 10 September 2013

I am a student. How do I change my email address on my registration details?

My tax clearance crtificate has expired, how do I renew it?

  Written by Marc   Posted 10 September 2013

Hello! I want to renew my tax clearance certificate. How do I do this?

How do I deal with tax on an inheritance?

  Written by Marc   Posted 10 September 2013

How is an inheritance dealt with in tax, is it excluded from gross income, is it exempt?

Refunded but still owe SARS money?

  Written by Marc   Posted 9 September 2013

I got a refund last year (2012) and went into SARS and they did my submission for me. I phoned SARS to see how to report my previous company as they have not let me have my IRP5 form as yet (it was due by July 2013). I was then informed that I have a recurring penalty of R 13750.00 due to 2007 and 2011 not being submitted.

Surely if I owed them any money they would not have released the refund for 2012? I really need help with this as I am pretty confused.

How do I submit a tax return form online?

  Written by Marc   Posted 9 September 2013

I was given a form at work to take it to the SARS office but when I got the in June they said I must bring it in July. I work in a boarding school and I can't take off anytime until school holidays. Is there anything I can do or can I submit it online?

How do I save my tax return?

  Written by Marc   Posted 9 September 2013

How do I save work performed on the tax return?

What is the tax on horse betting money?

  Written by Marc   Posted 9 September 2013

What is the tax on horse betting money?

How long will it take to be refunded after resubmitting my tax return?

  Written by Marc   Posted 9 September 2013

Hi Tim. I submitted my tax returns and did not claim on my travel allowance, now SARS sends me an SMS stating I owe R8750. If I were to resubmit and claim on my travel allowance, how long will it take for SARS to refund, and what's gonna happen on the amount they say I owe? Regards Themba

Should I including workings in the yellow blocks on student assignments?

  Written by Marc   Posted 8 September 2013

Should I including workings in the yellow block?

Personal Service Provider

  Written by Marc   Posted 8 September 2013

Hi Tim

1. I am starting a company and it will be a Personal service Provider. I know tax has to be withheld at 28% by my client. What I don't understand is whether the 28% is a flat rate or does the tax payable get recalculated when I submit my ITR12?

e.g.
Say I earn 20000 a month X 28 % tax = 5600 . Tax payed for the year = R 67200.
However if I was taxed as a regular employee my tax would have been = R 37,359.75

Will SARS pay me back the difference?
...

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Contact country detail

  Written by Marc   Posted 8 September 2013

What is the country code for South Africa on SARS efiling (two digits)?

Must workings of final answer be provided in the yellow blocks on student assignment?

  Written by Marc   Posted 8 September 2013

Are workings required to be shown in the yellow blocks or is the final answer sufficient?

What is a recurring penalty?

  Written by Marc   Posted 8 September 2013

I got a message saying 'i have a recurring penalty'. What is it & how do I settle this?

Can individuals doing community service claim tax back for HPCSA registation fees?

  Written by Marc   Posted 8 September 2013

Hi Tim, I was a Community Service psychologist for the tax year 2013. Can I claim my HPCSA fees back and the money I have spent on professional development (obtaining CPD points)? I know permanently employed people cannot claim this back. But would the same apply to community services, as we are still considered students and we are employed on a contract basis?

Kind regards
Kelly

Vehicle tax benefits for CC or Pty company

  Written by Marc   Posted 8 September 2013

What are the tax benefits of leasing a vehicle? The lease amount is R4 000 p/m and it's for 36 months. Should I rather get a single cab bakkie and claim the VAT back on that? I own a few restaurants, so it would be for picking up emergency stock and the company logo will be displayed on either vehicle (if that makes any difference).
I own a cc and a pty(ltd), is there different tax benefits for them?
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