What is tax threshold for 68 year old?

  Written by Nicci   Posted 31 March 2016

I am 68 years of age and live off dividends which are taxed before I receive the money. I have a cottage attached to my house (which I own) which I rent out on short term rentals through Airbnb etc. How much do I have to earn per annum before I would have to pay tax on this added income?

What expenses can be deducted when renting out my short term holiday cottage?

  Written by Nicci   Posted 31 March 2016

What expenses can be deducted from tax for renting out a cottage on my property as short term holiday rentals through Airbnb etc?

What is the tax for expats working in South Africa on visitor visa?

  Written by Nicci   Posted 31 March 2016

Is there any tax for expats working in South Africa on visitor visa for 90 days?

RA Claim for British citizen who is emigrating

  Written by Nicci   Posted 31 March 2016

When a British Citizen leaves South Africa for good after paying a RA for many years, what is the process of getting the money back and out the country.

What are long term loans?

  Written by Nicci   Posted 31 March 2016

What are long term loans?

How to obtain forgotten eFiling password?

  Written by Nicci   Posted 31 March 2016

My last tax return was filed in in 2009. My husband and I are divorced and since then need to get him off my SARS eFiling site but I have forgotten the email address as well as password.

Do I need to keep a logbook?

  Written by Nicci   Posted 31 March 2016

My monthly salary is split up into salary and travel allowance. Therefore my PAYE is calculated accordingly. The company pays for all my petrol, whether business or private. Do I still keep a logbook and can I still submit a claim?

Why aren't I getting tax rebates on all my work expenses?

  Written by Nicci   Posted 31 March 2016

I contract for a UK based company and and paid in Rands each month - a salary, and all my expenses. Currently I pay a tax person in SA to do my tax (I am paid in full and then it's my responsibility to sort my tax out), however I haven't received any rebates from SARS for 3 years despite all my expenses, including travel, office rental, parking (all business related). Wondering if you can help? Would TaxTim be able to deal with my provisional tax?

What is Employee's Tax (PAYE)?

  Written by Nicci   Posted 31 March 2016

What is PAYE?

Tax Directive CCMA settlement

  Written by Nicci   Posted 31 March 2016

Hi there, I recently won a case of unfair dismissal and the commissioner stated I would be taxed at my regular income rate. I have been taxed at 41%! Is this normal?
Second question - I need someone to do my tax. And it's in a mess. Do you do this?

Business mileage when working from home

  Written by Nicci   Posted 31 March 2016

I am employed as a service engineer, receive a travel allowance and own my own vehicle. Our company is embarking on a work from home initiative where we will no longer have to come to the company offices every day before going out to see clients and repair equipment. In this new scenario where my administrative work would take place at home and I drive directly to my first client, then to the next etc before eturning home, what would be counted as business mileage and what as private?

Do I need to file tax returns?

  Written by Nicci   Posted 31 March 2016

Hi Tim, I have been living permanently in the UK since July 2002 so have been a non-resident since then. I did work in SA for - 2 years prior to that and my employer paid tax. I have never filed a tax return in SA. Should I be doing anything?

Wear and Tear claim for home office equipment for sole proprietor

  Written by Nicci   Posted 31 March 2016

Can a sole proprietor claim wear and tear on home office furniture, equipment, computers? What is the allowance?

Please explain provisional tax

  Written by Nicci   Posted 31 March 2016

I know that I have to pay personal tax 3 times a year but I don't understand for when I am paying or being calculated for.

How best to "structure" freelance income?

  Written by Nicci   Posted 30 March 2016

I work full time, earning a salary and paying PAYE tax. Through the year I have some projects that enable me to generate some extra income. However, if I just do this as an individual, I incur additional income tax at my marginal rate. Is there a way to structure "freelance" work and projects (in something like a company?) so that I can pay less income tax whilst still abiding the law?

Do students in a learnership pay tax?

  Written by Nicci   Posted 30 March 2016

I'm in a learnership. I get paid R3,120 plus R1,500 accommodation. The total is R4,620 per month. Do I pay tax?

Do I qualify for Turnover Tax?

  Written by Nicci   Posted 30 March 2016

I work as a sole proprietor in the travel industry where I earn commission. I work from home and have to look for my own business but I work through a travel agent who collects the money on my behalf and they pay over my commission monthly. Can I register for Turnover Tax? My income is below R1m per year but I am worried that I may be classified as a personal service provider as more than 80% of my income comes from one source namely the travel agent and not the individual clients.

How do I gain access to company's Efiling profile?

  Written by Nicci   Posted 30 March 2016

I am the director of a company, whose tax was done by a tax practitioner, with the company on their SARS eFiling profile, I did not have shared access. The company's tax has since been transferred to a new tax practitioner for various reasons. The initial practitioner has indicated that he has transferred the profile, but has in fact not, and is refusing to assist me further. Could you advise on how I can gain access to the companies Efiling profile?

Authorization of financial statements

  Written by Nicci   Posted 30 March 2016

First question: Is it compulsory for me to have my financial statements signed off by a CA? Can I compile my own company's financial statements and submit them to SARS?

Second question: How do I register as a small business corporation with SARS?

Please clarify treatment of the change in tax free portion of pension withdrawal from R315,000 to R5

  Written by Nicci   Posted 30 March 2016

If I at retirement (2013) withdrew a third of a Pension Fund that amounted to R600 000, when the tax free portion was R315 000, will I now be able to get the other R185 000 (Now that the tax free portion is R500 000) as a tax free portion if I retire from another Pension Fund?

What is the 2016 tax submission deadline?

  Written by Nicci   Posted 30 March 2016

When are the Year end tax submission due? Or rather when is the dead line?

How to obtain a tax number if I live with my daughter?

  Written by Nicci   Posted 30 March 2016

I have never been a tax payer before and have never worked. I am 60 years old. I do not have a utility bill nor any proof. I reside with my daughter who looks after me. How do I obtain a tax number?

Provident fund taxable fringe benefit

  Written by Nicci   Posted 30 March 2016

When I captured the details of the monthly salary expense it calculated the following:
Gross salary: R16 772. 83
Included in gross salary is R1 500 provident fund contribution by the employer. Net salary calculated was R13 500. The provident fund contribution is a taxable fringe benefit from 1 March 2016, however, where was it taxed?

How to file a nil tax return for a business?

  Written by Nicci   Posted 30 March 2016

How does an individual who hasn't worked for anyone and has no source of income - but yet has a registered business and is not currently trading - declare their zero tax return to SARS?

Do I need to transfer service contracts from personal account to my company?

  Written by Nicci   Posted 30 March 2016

I recently registered a business. I however still run an online ecommerce site where the proceeds go to my personal account by way of EFTs, Cash, SnapScan and PayFast. I also pay vendors from my personal account. Can the net profit simply be transferred to the business account for tax purposes or do I need to re-register all of the above services with the company details. The ultimate goal is of course to avoid having a large income tax from both a salary and this 'sideline' ecommerce store.
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