I get a traveling allowance of R7500pm and I use the car more than 80% for business purposes, what c

  Written by Marc   Posted 3 April 2013

More than 80% of my travelling is for business and I maintain a logbook, however my employer applies 80% PAYE on my salary every month, is this correct?

Does INTERPRETATION NOTE: NO. 47 (Issue 3) apply to employed people, or only VAT registered traders?

  Written by Marc   Posted 28 March 2013

Trying to determine if items purchased (my car and cell for example) can have part of their value written off for tax purposes if I just happen to be a "normal" employed person and not a trades man or VAT registered.

Tax return - UK income?

  Written by Marc   Posted 25 March 2013

I returned to SA following 7+ years in UK. I took up permanent employment in SA during June 2011 and am a residing tax payer on my SA income. Before returning to the SA I ran my own business through a limited company, paid corporation tax and in my personal capacity earned a salary (just below the "personal allowance threshold" which consisted of minimum salary allowance + dividends. Since returning to SA the UK company still received fee income from work I did prior to leaving the UK ...

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I get R2000 petrol allowance, do I include this amount for travel allowance when I do my calculation

  Written by Marc   Posted 21 March 2013

I have a company petrol card that I use for R2000 per month.

Income tax calculated and then?

  Written by Marc   Posted 20 March 2013

Hi TaxTim, I hope you can explain to me in simple terms the following. If one receives a gross salary of R20 000.00 with no contribution or allowance paid monthly, then your Income tax calculator calculates that my take home pay is R16 833.32. The R3017.95 PAYE and UIF of 148.72 is paid by my employer. Do I then have to again pay any tax on the R16 833.32 or is that done?

Depreciation on cars, how does it work?

  Written by Marc   Posted 12 March 2013

Your depreciation calculator - is it up to date in terms of percentages allowed etc?

Second question - I am a sole prop. I know that I can deduct business expenses (not permanently employed), but I am not sure about the installment that I pay for the vehicle (HP). Can I deduct for tax purposes since I use the car for business.

Last question - if the above deduction is allowed, can I also add depreciation of the vehicle to the 'basket' or is it a matter of either or?
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Just want to confirm how to dispute SARS denying the wear and tear allowance on my laptop?

  Written by Marc   Posted 12 March 2013

SARS denied the wear and tear claim according sec 11 e for the laptop I had to buy myself and use at work 100% of the time, they said its denied according to sec 23m, but I'm sure that was incorrectly interpreted because it says except for..... and then refers to sec 11e?!

So do I contact them and say go study a bit and make sure of your facts or how do I go about this? Dispute and add sec 23 for them?

I am employed as a temp but have started another side income. how much tax?

  Written by Marc   Posted 10 March 2013

My income after my UIF and tax is R7 950. And any over time I work is taxed per hour. Last month my nett was R11 200.

I also sell corals to pet shops that I grow out at home. Some months I make R0 and other R5000-R8000 after costs like electricity and material.

Now the pet shops have now asked if I can give them some type of paper work for them to keep records for tax ect.

What should I do to help with tax payment? Have a different account just for the side income? How much tax would I pay if I get paid in cash but still have to give the pet shop a paper work that could be traced back to me? ...

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What can you do when you earn commission as well and want to get a tax return on commission?

  Written by Marc   Posted 8 March 2013

I earn a basic salary and commission, can you get an extra tax return on the commission as well?

Can I claim for a car which i "leased" from my previous employer?

  Written by Marc   Posted 5 March 2013

My previous employer bought a fleet of cars which he then branded. The deal was that we pay for it over 4 years after which the car would be evaluated and we could buy it for half the value. I left the company after 4 years and 4 months and was told that he was not selling the car to me. A monthly deduction appears on my commission slip (earned comm.only as a sales executive) for the car and petrol but this does not appear on the IRP5. I also did not receive a travelling allowance.

Ho...

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Where can I get a list of the items that I'm allowed to claim for as a sole proprietor?

  Written by Marc   Posted 1 March 2013

I know about things like rent, telephone, internet, stationery, etc., but what else?

I am subcontracting for a company, but need tax help please?

  Written by Marc   Posted 28 February 2013

I subcontract for a company, but have not registered yet as a business and they will be taking 33% off my pay. The problem is I have 2 guys working for me as well. How can I sort this out quickly without having to lose out.

Donations between spouses, are they taxable?

  Written by Marc   Posted 26 February 2013

Are donations between spouses, in the form of a regular allowance or a lump sum, taxable? Please advise the position for each spouse if possible. And does the receiving spouse need to declare under 'amounts not considered taxable' on ITR12?

Tax due on unpaid invoices

  Written by Marc   Posted 26 February 2013

At the end of the current financial year I have invoiced clients approximately R400K which will only be paid to me in the new financial year. Do I still pay taxes on the unpaid invoices at the end of the current financial year or do I carry the ex vat value over to income in the new financial year and pay taxes only in the new financial year?

Can I claim from SARS if I received pension payout of 76347.00 in May 2012

  Written by Marc   Posted 21 February 2013

OLD MUTUAL PENSION FUND NO TAX CERTIFICATE RECEIVED

I did not submit my supporting documents in time?

  Written by Marc   Posted 21 February 2013

After submitting my tax return for 2011 SARS requested supporting documents (logbook) from me. I failed to submit the relevant document in time (I did submit the document after the due date). They asked me to provide reasons why I submitted late, which I did. They now refuse to accept my reasons and refuse to accept any deductions for my car allowance. According to them I now owe them R 280 000-00. What do I do? Can they do this?

If you stay out of country for 183 days, 60 days consecutive, can you apply for a NIL percent tax?

  Written by Marc   Posted 11 February 2013

A directive that no tax is being taken off from your salary? As far as I am aware the lowest percentage directive is 18%. This person only comes to SA for holidays. I was informed that there is a NIL directive but not according to SARS???

Are bank statements proof?

  Written by Marc   Posted 10 February 2013

SARS refused ALL my expenses! Now they want proof of payments of my expenses. I keep all my bank statements as it is easier to do my return and no invoices go missing. Will they accept my bank statements?

Is a person who has asthma classified as disabled for tax purposes?

  Written by Marc   Posted 9 February 2013

My son has asthma can I claim as a disabled benefit for medical purposes when submitting my tax return?

When can I apply for a tax directive?

  Written by Marc   Posted 8 February 2013

My employment was terminated and I applied for a tax directive, for my terminal benefits, which I received from SARS which allowed me to get my final payment tax free. My employer however claims the termination of my contract does not constitute retrenchment and therefore I misrepresented the reason for requesting a directive. Is this true? I did detail on the form the breakdown of the money (December Salary, Bonus and Leave pay) I had received and SARS gave me the directive.

Work over Internet and want to pay taxes! How?

  Written by Marc   Posted 28 January 2013

For the past 5 years I have been doing work over the 'internet' for an international company. Only now I have become aware of having to pay taxes. I am not registered. For the last 2 years I've received a steady income of R6 000 / month. I don't have a physical address or contact number for the company as we communicate through email. The company email me sketches of a building then I create a 3D model of the building and send it back.
How will paying taxes work for me ? Will there be pena...

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Am I entitled to claim home office expenses?

  Written by Marc   Posted 27 January 2013

- I am a web developer.
- I use a separate room (a study) for work.
- My earnings are *not* commission-based.
- I pay rent for the study (to my parents)
- The study (and the PC etc.) is used /- 85% of the time for work purposes (therefore technically not "exclusively")

The requirements are very gray. Firstly, why must it be commission-based income? Secondly, why must it be exclusive-use if I could simply calculate business-use as a percentage? (for example, if I p...

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What can you claim if you earn commission?

  Written by Marc   Posted 27 January 2013

I earn a salary but more than 50% of my income is commission, what can I claim back?

Are these tax-deductible medical expenses?

  Written by Marc   Posted 24 January 2013

1. Eyeglasses (frames & lenses) and the preceding eye test at Spec-Savers.-- If so, would this fall under "impairment" or general medical expenditure?-- If you then purchase new frames & lenses, is it again tax-deductible?2. "Cosmetic" surgery (the removal of moles, to be more specific).

When claiming depreciation on a vehicle can you also claim the repayments?

  Written by Marc   Posted 23 January 2013

I am a small business owner/operator and i use a bakkie for business, which I purchased in the last tax year (2012). If I claim the 5 year depreciation can I also claim the monthly repayments on the vehicle?

Thanks
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