Can I be considered an independent consultant?

  Written by Alicia   Posted 3 June 2016

I am currently an independent consultant, however at the moment 80% of my income does come from a single client. This is because I have not yet found more clients. I am not sure if I am to be treated as an employee based on what I have found out so far. I would strongly prefer (for client and me) to be treated as an independent consultant for tax purposes. Can I register for provisional tax as an independent consultant?

Some more information:
- I'm on retainer with one client for an average of 2 days per week (16 hours per week) since March 2016. - I bill monthly as a sole prop, highlighting the work I have completed and invoice a set amount as per the retainer agreement...

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Is GAP cover tax deductable?

  Written by Alicia   Posted 2 June 2016

Can an individual claim gap cover contributions on their tax return?

Information on out of pocket medical expenses

  Written by Alicia   Posted 2 June 2016

What expenses be covered as out of pocket medical expenses. Can the vitamins, extra supplements, liposuction, any cosmetic surgeries be covered under such expenses be claimed

Can one claim Uber back as travel expense for a business

  Written by Alicia   Posted 2 June 2016

As a freelancer, can I use my Uber receipts as mileage for work?

Ho often does one submit the IRP6?

  Written by Alicia   Posted 2 June 2016

How often does (and when) provisional tax need to be submitted? I thought it was once every 6 months, but the SARS date list says it has to be submitted every month.

Which proof of expenses should I hold onto?

  Written by Alicia   Posted 2 June 2016

Which receipts should I take a picture of?
Or, which expenses should I note down in preparation for tax time?

TaxTim logbook query

  Written by Alicia   Posted 1 June 2016

My phone was stolen, and with it my logbook :( How do I get it onto my new phone?

Is dental insurance tax deductible

  Written by Alicia   Posted 1 June 2016

Is dental risk insurance a tax deductible

Members loan

  Written by Alicia   Posted 1 June 2016

I have a member loan account of approx R1m rand. I wish to reduce this by R100k by transferring this money to my personal bank account. The members loan account is interest free. What are the tax implications for my company and my personal tax? and how should I declare it on my tax returns.

Allowable tax deductions when building a personal residence

  Written by Alicia   Posted 1 June 2016

I have purchased a plot in 2015 and built a house. Are there any amounts in the purchase procedure and the building process that are tax deductible and are bad debts incurred during building deductible

How do I calculate my leave pay?

  Written by Alicia   Posted 1 June 2016

please help to calculate my leave pay

Late Objection

  Written by Alicia   Posted 31 May 2016

My 2015 tax return was finalised in Feb 2016. I did not object to the assessment within 21 days. Can I do object at this late stage?

Tax practitioner fees

  Written by Alicia   Posted 31 May 2016

Is a tax practitioner allowed to ask a fee based on a percentage of the refund I get or should they give me a quotation before the work commence?

Tax rate on pension withdrawal

  Written by Alicia   Posted 31 May 2016

What is the tax rate of the R 1 300000. 00 for pension withdrawal?

Submission of old tax forms

  Written by Alicia   Posted 31 May 2016

How do I go about submitting a tax return that was for the 2014 year of assessment?

Maternity Leave

  Written by Alicia   Posted 30 May 2016

I was on maternity leave from the 21st July to 1st December. During this time I did not earn a salary and claimed from UIF. How does my tax returns then get calculated?

Donation from father to help with bond

  Written by Alicia   Posted 30 May 2016

My dad wants to help us with our house bond by paying R100 000 into our bond account. Does this have any tax implications?

Does capital gain require registration as provisional taxpayer?

  Written by Alicia   Posted 30 May 2016

If I make a capital gain do I need to register as a provisional taxpayer?

What allowable deductions does a Pilates instructor qualify for?

  Written by Alicia   Posted 30 May 2016

I am a Pilates instructor and earn a commission from the studios I work at and I do my own invoicing for clients I see outside of the studio. The later I am self employed as I understand it. I only started working in South Africa in Aug 2014. My 2015 tax return was done by an accountant. I understand that being self employed and a commission earner I can deduct expenses directly related to earning an income such as:

- Vehicle expenses
- Phone expenses
- Education and training...

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Will SARS penalise me for outstanding tax returns?

  Written by Alicia   Posted 30 May 2016

I'm not sure if I disappeared under the radar for some time now due to generating my own income for years barely surviving and then going bank. At that stage I was a provisional tax payer. Years down the line I did contract work making ends meat. I eventually got a secure job since 2013 - probably not earning enough to register as a tax payer in order to submit tax returns? However I think this might be a different scenario now.

Can I claim medical aid payments if my husband is the primary member?

  Written by Alicia   Posted 30 May 2016

Can I claim on my medical aid payments as a deduction being self employed when my husband is the primary member? The payments cover both of us. Lastly we have a life insurance policy which includes disability and dreaded disease. Can I deduct this payment or a portion of it?

CODE 4001 opposed to CODE 4002

  Written by Alicia   Posted 30 May 2016

Under your retirement heading you mention a code 4002 for pension fund contributions. I do not have 4002 but 4001 as my pension fund contribution on my IRP5.

Loan to parents

  Written by Alicia   Posted 30 May 2016

I loaned my parents money to purchase a vehicle in December last year. As my mum was going to be the primary driver, it was registered in her name. It was agreed though that my dad would repay the loan at some point in the future when they dispose of their current property. This was obviously an informal agreement but I am concerned that SARS will see this as a "donation" rather than a loan. Is there anything I can do to prevent this from being viewed as a "donation" and having to pay donation ...

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Does a capital gain force me to submit a tax return?

  Written by Alicia   Posted 30 May 2016

I have received an Allan Gray IT3(c) tax certificate for capital gain/loss for 2016 for R 121556,98. Do I have to submit this to SARS tax return as am retired

Employed by a foreign company, and need to pay over my own tax, how much will it be?

  Written by Alicia   Posted 30 May 2016

I've recently become a contractor to an overseas company, I've been informed, that I have to pay my own income tax. I send them invoices. My monthly invoice fluctuates between 22000 and 30000 as I get paid on a daily basis. I don't get an IRP5, and I pay my own medical and recently setup my own RA contribution. I need to pay my tax. When and how much do I need to pay. I've been a contractor for them from January 2015 to now May 2016
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