How will my company be taxed, if so?

  Written by Marc   Posted 29 March 2015

I would like to know if my business is eligible for tax, I got a tender supply project which amounted to R230000

What will my PAYE be?

  Written by Marc   Posted 29 March 2015

I am going to be 67 in July
I earn R18000. 00 per month
The Company pays my full medical aid of R3940. 00

What should my paye be for the 2015 tax year

Many Thanks

Jasmin

Expenses allowed on sales commission?

  Written by Marc   Posted 29 March 2015

Expenses allowed on Commission received on sales - what are they?

2015/16 UIF deduction

  Written by Marc   Posted 29 March 2015

Can you tell me when is the new UIF deduction coming into effect?

As from the beginning the 2016 tax period?

I am referring to the UIF deduction of R10 on the first R1000. 00 earned?

Resubmitting

  Written by Marc   Posted 29 March 2015

- Is there voucher renewed annually ?
- How much does it cost to resubmit a tax return?

Will I be entitled to a tax refund from SARS>

  Written by Marc   Posted 29 March 2015

I started working January 2015, and started paying tax immediately. Does this make me eligible for a tax refund? I am slightly confused as to how this works. Help appreciated

Tax deductibility of training courses for the self-employed

  Written by Marc   Posted 29 March 2015

As a self-employed professional, can I deduct the cost of any courses I take to improve myself professionally? Thanks.

Updating banking details with SARS?

  Written by Marc   Posted 29 March 2015

I registered for a SARS tax number years ago when I did some part time work whilst at school. Since then I have changed my bank account but I haven't notified SARS as I have been studying, not working. I have recently taken on a part time teaching job (they pay my tax for me) and I have realised I need to update my banking details with SARS. Will I be liable for a fine for not updating my details at the time of changing my account? And how do I go about updating my banking details with SARS?

Tax om commission

  Written by Marc   Posted 29 March 2015

What is the percentage tax to pay on commission earned. My salary is R35 000 and some months I earn about R180 000 commission.

Procedure to follow for a company that never traded, never filed annual return, in need of tax clear

  Written by Marc   Posted 29 March 2015

I incorporated a company in September 2014, it has never operated since then and never filed an annual/provisional tax return, now I am in need of a tax clearance, could you kindly advise if it is permissible to file the tax return with zeros now in 2015(end of February)depicting it as the 01 provisional payment given that the company never traded and never filed a return.

I want to know that my tax will be the same as other other people who have no responsibility?

  Written by Marc   Posted 29 March 2015

If I have a responsibility to take care of the whole family, if there is a possibility for reducing the tax?

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. . .
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