Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply

TaxTim's Blog

2 requests to upload supporting documents - is that normal from SARS?

  Written by Marc  

I filed my tax and claimed for medical expenses - I had an operation I had to pay for privately. I uploaded the invoices upon SARS' request. They called me after about 3 weeks and asked me to further upload the receipts which I have now done. Will it take another 3 weeks for them to review the receipts?

I want to submit my IRP5 for 2014

  Written by Marc  

How can I submit my tax return for 2014 on line?

What is the tax on a lumpsum amount of R200 000?

  Written by Marc  

What is the tax on a lumpsum amount of R200 000 if i resigned from my job and got paid from my fund?

Advantages of paying for own medical aid rather than employer's contributions?

  Written by Marc  

Is there any distinct financial advantage to paying for my medical aid on my own (therefore not involving my employer at all), rather than opting for my employer to contribute a portion (which would form part of my total cost to company)?

In both instances, the Total Cost to Company would stay the same - I understand that the contribution from the employer does not get deducted from the income earned and thus the tax on income earned stays the same, apart from the tax credit for independents. If this is correct, it would seem that the only benefits would be that the employee receives monthly tax credits rather than once per year. ...



Read more →

Is it best to keep financial records?

  Written by Marc  

Do I need financial statements if I'm a sole proprietor?

What is the tax on R1 101 000.00

  Written by Marc  

What is the % of tax calculation when resigning?

How to get access to an IRP5 form online?

  Written by Marc  

How to get an IRP5 form online?

Do I use my PAYE no. to submit a Tax Return?

  Written by Marc  

I have not registered a tax return for the past 15 years.
I receive a pension and have a PAYE number.
Do I need to register with the SARS for my tax Returns or do I use the PAYE no.

Are bank charges deductable wrt interest earned?

  Written by Marc  

I have a money market account and am charged a monthly fee. Can I deduct this from my gross interest?

What is Section 89 Quat(2)

  Written by Marc  

What is section 89 quat(2) interest?

What will the tax impl be of transferring property

  Written by Marc  

I wish to have a property of my parents transferred to myself and the transaction to be concluded using an interest free loan from my parents. I then wish for them to write the loan off annually with the full amount that is allowed by tax, they are married in COP.Will this be possible?The value of the property is R1,5mil - municipal valuationWill there be any additional taxes on such a transaction?

Tax on small businesses?

  Written by Marc  

What if the Small business has had no profit, can I still claim from SARS

How do I claim the 2013 returns from SARS?

  Written by Marc  

Submitted 2013 returns this year and found out that SARS owe me a certain amount, how do I claim that amount from SARS?

Is interest from a government taxable?

  Written by Marc  

Is interest from a government source taxable?

What will happen if I owe SARS and I don't pay for decades?

  Written by Marc  

What will happen if I owe SARS and I don't pay for decades?

Paying tax working for a partnership.

  Written by Marc  

I have started a new job where I'm working for partners and they will be paying me R5000 each from their respective accounts. I have not paid tax before but assume I will have to start now. What type of tax do I pay? Colleagues contract themselves to them and pay a provisional tax. Do I pay PAYE of provisional tax?

Manual Audit - what is the time frame and turnaround from SARS?

  Written by Marc  

I have been selected for a manual audit. How long could this take and what does it involve? I have sent through all documents today.

When to submit provisional tax returns?

  Written by Marc  

Hi, I have submitted my 2013/2014 ITR12 - have now discovered that I am a provisional taxpayer. So do I have to now complete an IRP6 for the period March to August 2014?

TAX CLEARANCE CERTIFICATE

  Written by Marc  

FOR A TAX CLEARANCE CERTIFICATE APPLICATION -WHAT TYPE OF REASON FOR GOOD STANDING DO I NEED TO PUT DOWN?MANY THANKSNATASHCA

TAN RETURNS SUBMISSION

  Written by Marc  

I NEED TO SUBMIT TAX RETURNS

Will SARS give me my tax No. over the phone?

  Written by Marc  

If I've forgotten my Tax No., will SARS give it to me over the phone?

I am unable to log into eFiling with my details, is it because I manually submitted my return 2012-2

  Written by Marc  

I have registered for eFiling for the tax year 2011-2012 and in the tax year 2012-2013. I manually submitted my return. Please advise if I can still use my log in name and password for the tax year 2013-2014? I did try but unable to log in.

Who should claim the medical tax credit?

  Written by Marc  

I would like to find out if it is better to let my medical aid be deducted from my salary or is it better for me to pay it with a debit order, which method will be more beneficial.

Filing ITR12 on behalf of deceased husband?

  Written by Marc  

Hi there, my husband passed away in July 2014 and I don't know what procedure I must follow in terms of doing his 2014 ITR12.
Am I able to do it on his behalf and just file it as if nothing happened, as he was alive the whole of the 2014 tax year.

Thanks
Kathy

Early retirement lump sum

  Written by Marc  

I am resigning in December 2014, but owe SARS about R5000. Will SARS deduct it with my pension lump sum tax?
Older posts →← Newer posts    204  205  206  207  208  209  210  211  212  213  214  215  216  217  218  219  220  221  222  223  224

Do your Tax Return in 20 minutes or less!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.