Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
I am a pensioner, over 65, and my ex company contributes 50% of subscription to my medical aid. In response to my query to them if they would issue me with an IRP5 certificate covering their portion for me to declare as income I received this reply: Company medical aid contributions paid to ex employees will not be regarded as income in the hands of the ex employees and confirmed to me that medical aid contributions paid to former employees will not be taxed. There is therefore no need to issue ...
Written by Marc
Posted 23 June 2015
When calculating and employee's monthly PAYE shouldn't the tax rebate amount be deducted off the taxable salary amount upfront?
So an employee (28 years of age) earning R 10 500. 00 per month = Annual Salary of R 126 000. 00. Should the monthly PAYE be calculated as follows:
R 126 000. 00 * 18 % = R 22 680 - (2016 rebate amount) R 13 257. 00 = R 9 423. 00/12 = R 785. 25 monthly PAYE due. Or Should the calculation be done as follows R 126 000. 00 * 18% = R 22 680. 00...
Written by Marc
Posted 23 June 2015
This is a question which is related to the question posted below: Posted 2 December 2013 under Tax Questions I'm a South African currently residing in the UK (and have done so for the past 10 years). I will be returning to South Africa as a resident but will still be earning pounds (This is a salary I'm earning from the UK. I basically do Marketing work for a UK based company and get paid in pounds into a UK bank account and also pay taxes in the UK). What is my obligation towards SARS? My qu...
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
I am thinking about acquiring an established Dvd rental store and plan on running it as a sole proprietor and using my personal bank account for the business. This would be my only income and only business. * How would I calculate my "taxable-income" Ex. , (all amounts are monthly expenses) The total turnover would be roughly R15000 of which, R4000 goes toward purchasing films (stock), and R5000 would go toward renting the premises. I would also need to purchase printer ink, paper, stationary,...
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 23 June 2015
Written by Marc
Posted 24 May 2015
Written by Marc
Posted 24 May 2015