What constitutes wear and tear?

Written by Marc
Posted 15 July 2014
If you are a salaried employee, what constitutes 'wear and tear' of your personal assets used for work use?
If I receive and make work phone calls on my cell phone (which was received on a cellphone contract), can I claim the value of the cellphone under wear and tear?
If I paid cash for my car and use the car to drive to meetings for work, can I deduct a portion of the car's value under wear and tear?
How much interest earned is tax free 2014-2014 tax year?

Written by Marc
Posted 15 July 2014
How much interest earned is tax free 2014 -2105 tax year?
How much interest received is tax free if over 65?

Written by Marc
Posted 15 July 2014
How much interest received is tax free if over 65?
Charity deduction - where do I include this on my tax return?

Written by Marc
Posted 15 July 2014
I have received a tax certificate from a charity that I donate to. Where on the tax return do I add it?
Can you claim for personal legal taxes?

Written by Marc
Posted 15 July 2014
I have incurred legal costs for my parents who are dependent on me for support. This was done in my private capacity and there is no capital gain for me from it. Can I claim for this in my tax return?
How to change language?

Written by Marc
Posted 15 July 2014
How to change language on TaxTim?
When do I get to see the statement of my account on eFiling?

Written by Marc
Posted 15 July 2014
When and how can I get to see my statement of my account on where I owe SARS or the other way around?
I moved from a hobby to a business, how do I account for this taxwise.

Written by Marc
Posted 14 July 2014
Hi TimI stopped working 5 years ago, stayed at home looking after my children, was doing what I enjoyed in spare time my hobby, people then asked me to help them and my hobby has brought in an income. How do I go about filling in my tax now ???
When do I get to see my statement of results

Written by Marc
Posted 14 July 2014
By answerng all questions does it mean I'm done with e filing? Can get my statement of account?
This is the reference on all my documents?

Written by Marc
Posted 14 July 2014
I tried to complete my tax yesterday but was told that my tax reference number 7050712176 was incorrect.
How can I get my existing tax reference number online?

Written by Marc
Posted 14 July 2014
How can I get my existing tax reference number online?
Do I pay tax on my pension savings that were transferred to a preservation fund when I resigned?

Written by Marc
Posted 14 July 2014
I resigned from my job late last year. Upon resignation, I transferred my pension fund savings into a preservation fund with the same company that held my pension fund. My tax return shows the entire amount of my pension fund as income under source code 3920 - Lump Sum Benefit. Why is this declared as income when I have not received the money? Does this mean I will be taxed on my preservation of my pension fund savings?
Statement of Assets and Liablities for small freelance income.

Written by Marc
Posted 14 July 2014
I earned R13 200 doing some freelance web development in my free time. Do I need to fill out a statement of Assets and Liablities if the freelancing amount is so small? When I fill in my tax return, this section is highlighted in red.
What does it mean -R2184.06?

Written by Marc
Posted 14 July 2014
I submitted my IRP5 today and the message state amount -R2184.06 due to you,but what I don't understand they gave me to dates of payment?
If you work for only two months does it count as your yearly income?

Written by Marc
Posted 14 July 2014
If you have worked only two months in the year (Jan and Feb 2014). And your employer deducted the full amount of PAYE as if you were working for the full 12 months, Will you be refunded the full amount of PAYE paid over to SARS as your Yearly income for 2014 is well below the threshold? Or does SARS allocate the income proportionately?
How can I remove the whole supporting documents

Written by Marc
Posted 14 July 2014
I submitted my tax return and when I received my ITA34 I mistakenly clicked on dispute. They now want me to submit supporting documents, which I don't have any of. Is there no way I can remove the whole 'supporting documents'from my latest tax return profile?
Payment to a non-employee

Written by Marc
Posted 14 July 2014
Please can you explain what I should do with the following scenario?
I need to pay commission to a person (non-employee) for a business lead. What deductions do I need to make and what documentation should I issue them with?
Refund gets reversed by your bank 3x and SARS then suddenly requestes for docs but not Audit?

Written by Marc
Posted 14 July 2014
Hi TaxTim
I submitted my SARS return on 02/07/14. I requested a statement of account to see if I was selected for an audit and the answer was No.... even today when I request a new statement it says No. So what happened was, on the 3rd/4th and 5th of July 2014, FNB had technical problems, and they reversed all payments from any one that went to FNB accounts. With my luck - it was my SARS refund. So on Tuesday (the 7th of July) I received a message - request for supporting documents, ...
Read more →
How could I appeal an ITA34 result?

Written by Marc
Posted 14 July 2014
SARS say I owe them R23 000 due to Odometer readings,how could I solve the issues and also do my returns in 2014.
Notice of change to registration particulars from SARS.

Written by Marc
Posted 14 July 2014
I received a notice of change to registration particulars from SARS, my assessment shows a refund due to me what is the purpose of the notice?
How to complete a return when employer has not paid over PAYE that was deducted?

Written by Marc
Posted 14 July 2014
My previous employer refuses o give me an IRP5 and they have not filled out any tax information for me for the tax they have deducted while I worked there. How do I go about filling in my return with the missing information? Is it possible to resolve this via eFiling?
If I earn R10 000 a month for the past 2 years, do I need to submit for a tax return?

Written by Marc
Posted 14 July 2014
If I earn R10 000 a month for the past 2 years, do I need to submit for a tax return?
PAYE while working in Swaziland?

Written by Marc
Posted 14 July 2014
If I am to work in Swaziland for a South African based company earning ZAR , how would they tax me , I believe if you work out of the country for more than 63 days consecutively and for a minimum of 183 days p.a then earnings are tax exempt ?
What % of total income amounts do we show in each IRP6 to ensure the rebates can be claimed twice

Written by Marc
Posted 13 July 2014
Good day
Thanks for your tax articles. I have one basic question, please.
In the case of provisional tax paid for persons married in community or property, what income amounts does one enter into each IRP6 to ensure that one can claim the rebate twice. I have heard I should enter 100% of our total income in my IRP6 and 50% of that same income in my wife's IRP6?
Reimbursive Travel Allowance

Written by Marc
Posted 13 July 2014
I have received a reimbursive travel allowance however my company has not split it on my IRP5-its been put together will other allowances under tax code: 3713. what are the implications of this-is my tax being calculated correctly as I'm worried now that I can claim the "8000" non taxable deduction correctly.
Would my company have to issue me with a new IRP5 to reflect the amounts correctly?
Older posts →← Newer posts
230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250