Written by Marc
Posted 8 August 2013
Written by Marc
Posted 8 August 2013
Written by Marc
Posted 8 August 2013
Written by Marc
Posted 8 August 2013
Written by Marc
Posted 7 August 2013
Written by Marc
Posted 7 August 2013
Written by Marc
Posted 7 August 2013
Written by Marc
Posted 7 August 2013
If I qualify to claim Home Office (Code 4028) expenses and I want to claim this, what is applicable? Note that I own the house and I have the square meters of both my office and my house. My office adheres to the criteria. My question is related to the claim amount.
Tax specifies: A- the area in m2 of the area specifically equipped and used regularly and exclusively for trade divided by B- the total area in m2 of the residence (including any outbuildings and the area used for trade in the residence) multiply by Total Costs the costs incurred in the acquisition and upkeep of the property (excluding expenses of a capital nature)....
Written by Marc
Posted 7 August 2013
Written by Marc
Posted 7 August 2013
Hi! Your website is very informative. I was requested to submit outstanding returns for last 5 yrs via telephone.
I however updated the returns and then was asked to pay a penalty of R12500. A few weeks later I received an ITSA- statement of account stating I owe R50 404-00. I however settled the amount as my wife received disability from her insurance. The collection department stated that I still owe them the penalty of R12500. The ITSA only reflects interest on late payment and no pen...
Written by Marc
Posted 7 August 2013
I submitted my return and supporting documentation and I received notice on e filing that my return is referred for audit. I called SARS and they advised that the turnaround time can be anywhere from 3 to 12 months for an audit to occur. They advised that all refunds over R10 000 go for audit. Because I work on commission and claim expenses my refunds are always greater that R10 000, but never takes more than about 2 - 3 weeks.
Is there any way I can speed the audit process up for th...
Written by Marc
Posted 7 August 2013
Written by Marc
Posted 7 August 2013
In April this year we found out that our tax returns for 2010 and 2011 were never submitted by my company, so I did it ASAP. With the new tax return for 2012 we owed SARS money and they told us to pay it and we did. In May we found out that there was a penalty of R1250 so we paid that as well. So now we have made two payments to SARS and still no refund. When I call them they said I need to bring the deposit slips and I did and they said it will be any time in may that the return will be paid out. We are now in August and still no refund has been paid out. ...
Written by Marc
Posted 7 August 2013
Written by Marc
Posted 7 August 2013
Written by Marc
Posted 7 August 2013
Written by Marc
Posted 7 August 2013
Written by Marc
Posted 6 August 2013
Written by Marc
Posted 6 August 2013
Written by Marc
Posted 6 August 2013
Written by Marc
Posted 6 August 2013
I have received my It3(b) certificates from the various investment companies I deal with. 3 of them show how much the withholding tax on my local dividends was, 1 (from a stock broker) does not. How do I declare the dividends on the ITR12? Do I need to enter the gross amount before withholding tax and then indicate that withholding tax was deducted? Or will SARS assume that withholding tax has been deducted? Basically I just need to know if there is a certain section of the form that allows me ...
Written by Marc
Posted 6 August 2013
Written by Marc
Posted 6 August 2013
Written by Marc
Posted 5 August 2013
Written by Marc
Posted 5 August 2013
Do Your Tax Return Easily