ITA34- Gives 0.00 as Net amouny payable but tax calculation result is "-18K".

  Written by Marc   Posted 27 September 2015

I submitted tax return (ITR12) for year 2013-2014 via SARS SARS eFiling and calculator shows that amount is -18K. But
ITA34 Notice of Assessment show "0" amount as net payable. What does this mean because I should be expecting 18K refund as per tax calculation pdf generated. Why ITA34 says "Net amount payable under this assessment after allowable credits
Compliance information:0. 00"???? Please help me to understand this.

Can I get tax number via the internet?

  Written by Evan   Posted 27 September 2015

How can I get tax number via the internet?

My total taxable return is higher than normal, am I being punished for bonuses received this year?

  Written by Marc   Posted 25 September 2015

Hi Tim, I have recently completed my tax return. I received a first assessment that said I owed SARS 7630 but I was selected for verification. After the verification process, I received another assessment that reflected R0 amount. But it appears I still owe the initial 7630. Firstly, I don't understand the different conclusions reached in the two assessments and why the first one appears to hold still. Second, my total taxable income for the year being assessed is unusual in the sense that it in...

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What is an IRP5 from my employer?

  Written by Marc   Posted 24 September 2015

What is a IRP5 and who can claim the money from SARS?

Can I claim a fixed cost travel deduction if I receive a reimbursive travel allowance?

  Written by Marc   Posted 24 September 2015

I am needing to do tax returns going back to 2010!! If I received a reimbursive travel allowance (reflected under code 3702 on my IRP5), can I claim a travel deduction based on the fixed cost method?

SARS refunds and monetary gifts

  Written by Marc   Posted 24 September 2015

Do monetary gifts and my SARS tax refund count as income received?

Turn around time for Notice of Objection - Year 2015

  Written by Marc   Posted 24 September 2015

What is the turn around time for Notice of Objection - Year 2015. It has been 55 days and my NOO is "In progress" status. What will be the next step?

Audit

  Written by Marc   Posted 24 September 2015

Hi Tim... I was flagged for an audit and SARS also phoned for alternative documents. I have 2 questions. One is... SARS office says that after the email was send to the bookkeepers notifying us of the " audit" it takes 30-90 days to complete and that they are not allowed to take any longer than that. How true is this and two.... Based on what evidence can SARS refuse to pay out your refund to you? I have been submitting my tax return for the last 7 years now, always got my money within 2 weeks ...

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PAYE on retrenchment.

  Written by Marc   Posted 23 September 2015

Do you deduct PAYE when an employee is being offered a retrenchment package.

Employee or consultant - whats easier/more economical

  Written by Marc   Posted 23 September 2015

I run my own CC and have been offered a part time position at a previous company I have worked for. Would/should I let my employer pay on my behalf, or would it be better to invoice them as a consultant and pay my own tax. During the time I will be employed I will also be invoicing out other clients through my CC.

If the company my husband works for is liquidates. How does his provident fund payout work?

  Written by Marc   Posted 23 September 2015

If the company my husband works for is liquidates. How does his provident fund payout work. He has been with the company for 25 years and the total amount in the "kitty" both portions is R2 800 000. How can we work out how much we will actually get out if they liquidate. Can we apply for a tax directive?

Is a work visa a requirement when you submit returns as a foreigner

  Written by Marc   Posted 23 September 2015

As a foreign national, I currently hold a study permit for PhD but was fortunate enough to get work with a gross of R15000 monthly and some tutoring work with a gross of R6000 monthly. I am however concerned about the fact that I do not hold a work visa and whether this will be a factor should I want to submit tax returns.

Can Tax Tim help a 100% commission earner

  Written by Marc   Posted 23 September 2015

Will Tax Tim be able to assist me if I am a 100% commission earner and have many different expenses that I should be deducting or should I rather go to a tax practitioner?

Filing past tax returns ?

  Written by Marc   Posted 23 September 2015

How do I file my past tax return on eFiling from 2012?

I began working in January 2012, would I still be liable to file for a tax return for the period Jan 2012 - 28 Feb 2012???

Please advise?

Could I claim all contributions and additonal medical costs for a dependant parent of 73?

  Written by Marc   Posted 23 September 2015

This question is about medical tax credits. I am a 73 year old pensioner. I thought that if I was a dependant on my son's Discovery medical aid, then he could claim form his tax the full contribution for me (being over 65) and also any additional medical costs I incur which are not covered by the medical aid (the full amount). Am I correct?
And I will tell my sons about this terrific service. Thanks

SARS want a return from more than 5 years ago

  Written by Marc   Posted 23 September 2015

SARS want me to submit a tax return from 2008/9 but the accounts for the company can't seem to find the IRP5. What are my options?

Tax on pension fund employee and employer contribution

  Written by Marc   Posted 23 September 2015

If my gross salary is R14000. And the employer now decides to join a pension fund and will contribute 5% and the other 5% will be a deduction from the employee. How much is the taxable income now?
Does it stay R14000 since the R700 now becomes part of the employees income and will be deducted before tax? and the employees contribution is just a normal deduction and not tax deductible?

Money not deposited

  Written by Marc   Posted 23 September 2015

I make my returns 2wks back and now if I check my efiling account there is -R20 323 reflecting on my statement account the problem I dont know what makes my money not deposited, and in status it says (waiting for supporting documents )what does that mean

Help with provisional tax already part completed

  Written by Marc   Posted 23 September 2015

Hi, I'm working on my husbands tax return for the first time (used to have tax practitioner). I've done 1st and 2nd provisional for 2015 year and I'm about to do a top payment and then I'll wait until Jan to do final ITR12. If I sign up for the R349 package are you able to pick up from where I left off? Just need help with some final details and good to have access to an expert to answer questions I may have as things come up.

Is it possible to claim a refund since I was paying tax from 2008 until 2011?

  Written by Marc   Posted 23 September 2015

I was paying tax for from 2008 until 2011 and I didnt take my refund so I want to ask if possible to claim my refund?

Refund has not been processed and I do not know why

  Written by Marc   Posted 23 September 2015

I submitted my tax return on 26 July 2015. The last status date is 19 August and the status is assessed. I am due a refund but I am not sure what the delay is? It does not appear as though I have been chosen for an audit. Please help!! I have had no luck getting through to SARS. Thank you

Tax on additional incmome from a private owned company.

  Written by Marc   Posted 23 September 2015

I run a small business on the side line apart from my normal Job at a Big Company. Must I declare any money I use from that company as the company director as part of my personal income tax?

How to declare additional income for freelance work done locally?

  Written by Marc   Posted 22 September 2015

I did some freelance web design work on a once-off basis for a local company, how should I declare this income on my tax return?

Am I entitled to any tax returns?

  Written by Marc   Posted 22 September 2015

Am I entitled to any tax returns?

My employer for 2012 is deceased and the company has shut down

  Written by Marc   Posted 22 September 2015

I have submitted my tax return, but they need me IRP5 for 2011 and 2012. My employer for 2012 is deceased and the company has shut down. We have never received our IRP5 from them

so now I cannot get my refund. What can I do?
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