How to calculate tax on annual leave payment when dismissal occurs

  Written by Marc   Posted 31 July 2013

How do we calculate tax on accrued annual leave pay when one is dismissed? Is there a percentage or tax table that needs to be used? It is about 8 days leave accrued and is less than R 2 500. 00.

How will I know if I owe taxes? Do I have to file earning less than R5000 per month?

  Written by Marc   Posted 31 July 2013

If you earn less than R5000 per month, do you have to file for taxes returns?
How can I check if I owe SARS?

Freelancer - local and international - Needs to start keeping records for tax purposes

  Written by Marc   Posted 31 July 2013

I have been freelancing for local and international companies for a few months. I need to get my tax admin sorted out. I work from home and am on my husbands medical aid.

Where do I start and how do I maintain all my information that I need to? I'm happy to set up Excel docs to keep records. I'd like to know what I should be keeping records of,  where I can benefit from tax refunds, and what expenses I can set against the business. Do you have any templates I could use?

Als...

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I already registered with SARS so I want to submit my IRP5. What steps must I follow?

  Written by Marc   Posted 31 July 2013

I am already registered with SARS and want to submit my tax return with IRP5. How do I do this?

When should donations be included in the donee's gross income and taxed?

  Written by Marc   Posted 31 July 2013

If father A gives child B (not a minor) a donation of R100,000, will that amount be included in child B's gross Income for the period? The same applies to person A donating R100,000 to Trust B, will the R100,000 be included in the Trusts gross income and therefore is it taxable as income?

The IT12 won't open on eFiling

  Written by Marc   Posted 31 July 2013

I can access the account but it wont generate the IT form. I get as far as to click on IT12z, then the screen goes grey and it sticks there. I don't know what software SARS uses and the agents working there don't know either. I just can't complete, calculate and file an IT12 in one go. Either I can't access the account or can't complete the task.

Confused by "due by me" on SARS SMS

  Written by Marc   Posted 30 July 2013

When the tax return SMS says "ACC balance 12.000 due by me" does it mean I'm owing that amount?

What is South Africa, Western Cape's country code on SARS eFiling ?

  Written by Marc   Posted 30 July 2013

What is South Africa, Western Cape's country code on SARS efiling ?

TaxTim tax assistance vouchers

  Written by Marc   Posted 30 July 2013

Where can I get a TaxTim voucher coupon in South Africa?

Personal income earner - clothing deduction claim

  Written by Marc   Posted 30 July 2013

If you have meetings constantly that you need to dress smartly for, are you able to claim this back in your tax return as a deduction as a personal income tax earner?

My eFiling profile says my supporting documents have been converted. How long till I get my refund?

  Written by Marc   Posted 30 July 2013

Hi Tim

I submitted my tax returns via SARS efiling on the 22nd of July and they asked for supporting documents. I submitted my IRP5 and Medical Aid Tax certificate on the 23rd of July. On my profile it says my documents have been converted....does that mean they have been received? How long till I get my refund? I read on your site that SARS was doing things faster this time around.

PS Thanks for a very informative site, it made my efiling a lot easier.

After how many days does SARS pay if they owe you money?

  Written by Marc   Posted 30 July 2013

If SARS owes you money for a tax refund how long do they take to pay out?

Can I amend my ITR12 to reflect a correct deduction after its been audited?

  Written by Marc   Posted 30 July 2013

Can I amend my ITR12 to reflect a correct deduction? I put a deduction for a work laptop that I purchased (I have a laptop allowance) in the wrong section and it was disallowed, so I need to change it. My ITR12 has already been audited and I've been refunded, but the disallowed deduction means I'm owed about R1300 by SARS.

What do I do next?

Transfer of eFiling registration to new practitioner

  Written by Marc   Posted 30 July 2013

How do I transfer my registration from the profile of another practitioner to a new practitioner so he can do my income tax returns?

Not able to resubmit further documents required by SARS once submitted

  Written by Marc   Posted 29 July 2013

How do I submit further documents to SARS once I pressed the submitted to SARS button? They require actual slips instead of a schedule which I submitted with my returns on my medical claims not paid by a medical aid, but I am unable to submit on e-filing through documents for review because it is now closed.

TaxTim login difficulties

  Written by Marc   Posted 29 July 2013

I have been trying for 2 hours to Login without success. This is annoying and frustrating please help.

Username and password on SARS eFiling

  Written by Marc   Posted 29 July 2013

How do I create a username and password for myself?

No supporting documentation and previous tax year audits

  Written by Marc   Posted 29 July 2013

Hi TaxTim,

Two simple questions that I can't find answers to anywhere:

1. What happens if you cannot support expenses for a specific category on a tax audit for year that has already passed and been assessed (say audited for 2010/11 in 2013)? I.e. you lost an expenses file for the full 5 year tax period, and only have partial records via bank statements?

2. How likely is this scenario - i.e. SARS randomly auditing for previous tax years. I.e. during the 2013-14 tax year are you at risk of being randomly audited for the 2011-12 tax year?...

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Depreciation on private car for work

  Written by Marc   Posted 29 July 2013

Hi, I use my car for work, and I don't receive a car allowance, I am only refunded for services and petrol, can I claim depreciation on the vehicle?

I cannot afford to settle my account with SARS, what can I do?

  Written by Marc   Posted 29 July 2013

How to solve my account of plus minus R21 000 because I cannot afford to pay?

How do I change the language from Afrikaans to English?

  Written by Marc   Posted 29 July 2013

How do I change the language from Afrikaans to English on my tax return?

Company tax submission dates?

  Written by Marc   Posted 28 July 2013

What are the tax return submission dates for a company with a year end of July?

What property expenses can be claimed for tax purposes?

  Written by Marc   Posted 28 July 2013

I have had to replace floor tiling to my holiday flat. Can I claim as maintenance and claim all costs in the tax year? Previous tiling was of poor quality and was lifting.

Where do I put Donations on tax return?

  Written by Marc   Posted 28 July 2013

Where do I enter the donation amount made? Does it get entered into the Deductions / Contribution section on the SARS efiling form?

What do medical aid tax credits on my IRP5 mean?

  Written by Marc   Posted 28 July 2013

My IRP5 reflects an amount under tax credits. The code is 4116. I'm being told this is for medical aid tax credits. When I log into my eFiling. All amounts from my IRP5 are already prepopulated except that amount on my IRP5 for code 4116. Do I copy that amount over to my return before submitting?
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