Independent Contractor: 10 most popular posts
Is there a limit on the contribution towards PAYE for tax on perks such as fuel?
Posted 20 January 2021
As part of my package I receive the benefit of a fuel card and car allowance (but I do not do any business travel). However, on my tax return for 2020 I had to pay almost R9k because of this benefit. I had thought that our Human Resource Department would have made adjustments to my PAYE so that I would be paying 100% of the applicable tax so that I do not have anything to pay when I do my tax return once a year. Our Human Resource person said that he was not able to set the PAYE so that I could in future pay 100% of the fuel and car allowance benefit, but was limited to set it at 80%. ...Read more →
Can a sole proprietor claim for vehicle maintenance?
Posted 19 January 2021
Can a sole proprietor (extra income, working from home) claim for vehicle maintenance (I do most maintenance myself, but have invoices for the parts) and insurance, if he did not keep an accurate logbook ?
Accepted auto assess forgot my travel logbook
Posted 18 August 2020
What will happen if I already accepted my auto assessment, but I have done so without submitting my travel log book, am I able to fix this myself, what should I do? Am I correct in saying that I would need to request some sort of correction on eFiling and how would I go about doing this? How and where on the eFiling system should I go to get the request for correction?
Auto Assess and Travel expenses
Posted 12 August 2020
I have received a sms, stating that my tax has been assessed automatically, and that a refund is due of R7000,00 however I do not know if my travelling has been taken into account as I have not sent anything yet. Could you help me in clarifying this matter. Should I accept it as it is, would this not have an impact on my tax return to SARS when I do finally submit it?
I received an auto assessment sms from SARS
Posted 5 August 2020
SARS has sent me an SMS saying they have calculated my assessment tax and I can accept or edit this. I have done an early tax return with TaxTim and I'm not sure what to do now as I cannot submit that tax return until 1 September.
What must I do with the auto-assessment from SARS?
Posted 24 July 2020
I received an SMS from SARS which says something about an auto-assessment. When I login to eFiling I see there is an option to accept or edit it. Are there any risks involved with accepting it? What should I look out for? Please help, I know nothing about this new SARS process.
Why am I being auto-assessed on SARS eFiling?
Posted 22 July 2020
I received an auto-assessment from SARS. My husband did not receive the SMS but my friend also received an SMS saying she has been auto-assessed. Why have SARS introduced this new process? Why are there some being auto-assessed and not others?
Individual Tax Consultation
Posted 18 June 2020
In January 2018 I stopped working as a full time employee and for the 2018/2019 tax year I did various things (including foreign travel and work) and earned different kinds of incomes. I did not register as a provisional taxpayer as at that stage I really did not know how the year was going to pan out and if I was going back into full time employment again. I would like to settle any tax I may owe for the 2018/2019 year, however with my different incomes, working out the country for more than 18...Read more →
Is VAT on commission subjected to income tax?
Posted 31 May 2020
If an an individual who is a registered as VAT vendor acts as an Agent and earns commission ad obviously charges output tax and declare it to SARS.
I.e. Someone who has invoiced out R100.00 and declared an output tax of R13.04 to SARS, when the time comes to file their personal income tax does the person have to declare the same amount being R86.96 excluding VAT as their commission income and do they have to pay income tax on the above amount?
Will that not be double taxa...Read more →
Freelancer and Tax payments
Posted 28 May 2020
I am currently working as a freelance artist who just started earning money from the work which I do, but at the moment I earn approximately R600.00 a month. I also have not been working for a long time before I begun with the freelance job, it has been just over 7 months. Do I still need to pay my taxes even though my income isn't fixed and stable? If that is the case I need help in knowing how I can calculate how much of the tax I would need to pay.
TaxTim Filing before tax season
Posted 22 May 2020
I have registered on TaxTim and have also granted you permission to get my information from SARS. Should I wait till tax season begins before I complete all the questions on TaxTim? I am however still waiting for my IRP5 from my employer. I also have property that I am renting out and have a logbook. Please advise.
Contract worker and Tax
Posted 22 May 2020
I was retrenched at the end of 2017. My last Tax Return was done in the year 2018. Since April 2019 I have been receiving income for work done on a contract basis and the company indicated that I need to see to my own tax affairs. How do I go about filing my tax return for 2020? Your assistance is highly appreciated.
Independent Contractor versus Personal Service Company
Posted 2 October 2019
I'd like to get some clarity on whether there is a difference between an Independent Contractor and a Personal Service Company?
Earnings of a teacher and tax
Posted 5 June 2019
I would like to find out if I should submit a tax return as a teacher that earns R300 000 per annum. Would this be required of me?
How to work with multiple streams of income
Posted 2 May 2019
Business travel from home office
Posted 12 March 2019
I work for a multi-national company and I am home based. I would like to find out, when I travel into the office for meetings, can I claim that mileage as business travel? Also, just for interest sake, would it be different if I was a salary earner and I did receive a travel allowance?
Posted 19 July 2017
I earned interest on a Peer 2 Peer investment in the UK, at https://www. Ratesetter. Com/. As this is a non-SA entity they do not provide IT3(b) statements. It is also not a bank/ institution but independent loans. As such, I am not clear if or were to add this amount in TaxTim. I did get a statement with the amount received of 110. 25GBP. Do I enter this amount at the point of "Did you earn any interest from a foreign bank / institution? On your IT3(b) you will see an amount under foreign interest. " ?...Read more →
Renting Property and Travel Costs
Posted 13 July 2017
I'm renting out property in Cape Town and I stay in Johannesburg. When travelling down to Cape Town for maintenance/inspections purposes, do I claim the actual petrol money spent or the SARS rate of R3.29?
What are cost of sales in a consulting business
Posted 12 July 2017
What would cost of sales be in a consulting business - would my time be the cost? Would it be paper, laptop etc?
This query relates to question 4216 "Please enter the cost of sales incurred." in the Self Employed/Independent Contractor/Freelancer section.
Declaring other income to SARS
Posted 11 July 2017
I am full time employed but I have earned additional income by lecturing a couple of hours during the year at a different employer. This employer did not deduct any PAYE. The employer has paid me according to the hours that I have invoiced them. Should I answer the question about whether I'm an Independent Contractor as "Yes"?
Saving the TaxTim Logbook
Posted 7 July 2017
I need to submit my logbook to SARS, I used the TaxTim logbook. How do I
save the logbook so that I can upload it?
Business Tax Return
Posted 6 July 2017
I just wanted to find out if you deal with business tax? I've recently started a company and would just like to know what SARS will want to see in respect to my accounting when I file a tax return? Essentially, what is the bare minimum if they audit?
Travel Allowance Claim
Posted 5 July 2017
I get a travel allowance, but I use my wife's vehicle for business purposes
as we work together. Can I claim travel expenses?
Claim travel without a logbook
Posted 4 July 2017
I have source code 3802 on my IRP5 but I did not keep a logbook, can i claim for the perks tax paid via source code 3802 if I don't have a logbook?
Package for a commission and salary earner
Posted 4 July 2017
If I earn commission and a salary as an employee, which package should I select, Ultra or Smart? I also have a travel allowance and a medical aid contribution.
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