If deregistering a CC, am I required to "catch up" on tax years not submitted?

  Written by Marc   Posted 19 March 2015

If my CC is deregistering this month, but I hadn't submitted a 2013 and 2014 tax return, am I required to do so now?

Claim on medical expenses from SARS?

  Written by Marc   Posted 19 March 2015

Can you claim medical expenses like doctors and medicine if you only have a hospital plan

Tax refund problem - not receiving anything?

  Written by Marc   Posted 19 March 2015

2014 Tax went through 3 verification and an audit, SARS then verified 2013. I received completion letters for both 2014 and 2013 (received 23 February 2015). To date they have not requested any further documents and there is still no refund. All other returns submitted and banking details are up to date in act verified last year. What could the problem be?

Transfer balance of lump sum to living annuity. Is there tax involved?

  Written by Marc   Posted 18 March 2015

I am retiring now on 63 First R500000 of Lump sum is tax free. If I ask my company to transfer balance of Lump sum that is R400000 to a Alan Gray living annuity. Will there be any tax deducted.

Am I liable for a tax return if I am only employed for 4 months?

  Written by Marc   Posted 17 March 2015

I am a housewife but am currently employed for the period of 4 months, earning R4000 pm. After this 4 month period I will be unemployed. My employer does not deduct PAYE. I have two questions about my situation. First, do I need to register as a tax payer and do a tax return?

Secondly, can I have my salary paid into a joint bank account that I share with my husband or will this implicate him on his tax return? Should I rather open up my own bank account?

I am just not sure...

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Payment: retirement withdrawal - net of tax?

  Written by Marc   Posted 17 March 2015

When I receive a retirement withdrawal benefit is it paid after or before tax is deducted?

Tax enquiry on lump sums?

  Written by Marc   Posted 17 March 2015

I am retiring this year on age 63 My lump sum will be R1 132 179 - How much tax will be deducted?

UIF and PAYE on commision income for employee also earning a normal income.

  Written by Marc   Posted 17 March 2015

Do you have to pay UIF on commission income if it is secondary income?
An employee earns both a normal salary and a commission. Does he pay UIF on the salary only or the whole amount?
Also how does he view his remuneration for PAYE, is it the whole amount together or both separate?

How does contributing 100% to provident fund to employees impact the company?

  Written by Marc   Posted 16 March 2015

What impact does the employer experience when they contribute 100% provident fund for employees?

Do I have a tax number?

  Written by Marc   Posted 14 March 2015

Do I have a tax number?

Does employee contribution attract tax upon withdrawal before retirement?

  Written by Marc   Posted 13 March 2015

Upon withdrawal of provident benefits before retirement, does employee portion/contribution attract tax?

Is a surety payment on behalf of a company, tax deductible in your personal capacity?

  Written by Marc   Posted 13 March 2015

I am the sole shareholder and director of a company. I signed surety for a bank overdraft. This was called up and I had to pay. Is it tax deductible in my personal capacity?

Turnover threshold for small business corporations

  Written by Marc   Posted 13 March 2015

What is the turnover threshold to qualify for the tax levied on different thresholds on small business corporations for 2015 and 2016

What tax cert is issued when a transfer is issued?

  Written by Marc   Posted 13 March 2015

What tax certificate is issued when you do a transfer from financial institute to another for money that is taxable? E. G from one linked annuity to another linked annuity? Is a cert needed? NB the trf is due to a death claim and money going to beneficiary. . .

Tax number

  Written by Marc   Posted 12 March 2015

I want to know my tax number

Can TaxTim help complete both a joint partnership tax return and an individual tax return?

  Written by Marc   Posted 12 March 2015

Hi,I have entered into a business partnership with 1 other person. Would TaxTim be able to help us complete both the joint partnership tax return as well as our individual tax returns?

Can a student claim for working a short period?

  Written by Marc   Posted 11 March 2015

Will I be able to claim back any sort of tax refund? I worked from June 2013 - December 2013. My basic was R5195 health grant - R1088 + overtime etc. I had basic tax deductions every month. I started to study in 2014.

Need help

  Written by Marc   Posted 11 March 2015

I've never recieved a tax number from my prefois employer whom I worked for 10 years, i'm self employed for 4 years now and earn less then R 15 000 a month. Should I have a tax number? if yes how do I get it!??

Provisional tax for less than R5000 income - what do do for SARS?

  Written by Marc   Posted 11 March 2015

I just registered a company and we might make income of less than R5000, do I have to submit provisional tax? Financial year end is February.

Can you do my last two tax submissions for me including this year - what is the cost.

  Written by Marc   Posted 11 March 2015

Hi Tim I have not filled in my tax for the last three years up to date :( :( Would you be able to do this for me and I provide all relevant documentation. How much will you charge me and can you tell me how much I will be refunded.

When getting bonus, how tax is calculated/

  Written by Marc   Posted 11 March 2015

Morning Tax Tim, I want to know if I'm earning about 84000/pa do I have to pay tax? also when I'm getting bonus in December how do you calculate the tax as I'm getting double my salary.

If my spouse is disabled and claims accordingly, can I claim that I am married to a disabled person?

  Written by Marc   Posted 11 March 2015

If my husband has a disability and he claims as a disabled person. As his wife can I claim too that my spouse is disabled?

What percentage tax should I pay if I earn a gross of R17,371

  Written by Marc   Posted 11 March 2015

If im earning a gross of R17. 300 what percentage tax should I pay?

Buying for a company on personal account - can I claim for tax purposes?

  Written by Marc   Posted 8 March 2015

I buy groceries and prepaid electricity every month for the company I work for then they refund me. Will this be an issue for SARS when I do my tax return? I spend about R50 000 odd a month.

Do not have to submit my tax return as I thought I was below the bracket for 2010, 2011 and 2012 to

  Written by Marc   Posted 7 March 2015

Got a penalty for not submitting for 2010, 2011 and 2012. Taxable pay over threshold and did not submit. Believed it was under the "do not have to submit bracket" but do not know what it were for those year. Will submit now for all years and even my spouse will submit his 0 income. Please can you supply us with the "do not have to submit bracket" of those years. Want to challenge the penalties. Thank You
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