Beneficiaries on medical aid, can I claim for tax purposes?

  Written by Marc   Posted 8 July 2014

I pay the medical aid for my folks, am I entitled to add them as beneficiaries? for more medical aid credits

Groupscheme cash payout included on tax return and supported by tool

  Written by Marc   Posted 8 July 2014

I belonged to a group scheme with my previous employer. I resigned mid last year. I requested the group scheme to pay out in cash subject to tax in order to use the amount to fund a business opportunity. This means tax was correctly calculated and paid to SARS when it paid out. I am working for a new employer in the mean time as a permanent employee. Should I also add the group scheme pay out on my tax return and will your tool assist me in completing the tax return correct?

Salary below threshold and claiming deductions when calculating income tax?

  Written by Marc   Posted 8 July 2014

HMy salary for the 2014 tax year is below the threshold. I have a retirement annuity fund and medical aid.

Will SARS take my allowable deductions into account when calculating tax payable/refund? Or am I not allowed to claim these deduction?

Do I have to update my new employer's details?

  Written by Marc   Posted 8 July 2014

How do I submit my IRP5?

Provisional TAX REURN

  Written by Marc   Posted 8 July 2014

How do I fill in a provisional tax return?

Claiming for commission and basic salary

  Written by Marc   Posted 8 July 2014

I am a commission earner but I still get a basic salary as well (from the same company). What can I claim for?

I don't now what date I must put in for the current tax year?

  Written by Marc   Posted 8 July 2014

I Don't understand the tex year 2014

Audited on claim for special needs child's expenses, whats the best way to submit receipts

  Written by Marc   Posted 8 July 2014

We have an autistic son which we claimed special tutuion, additional medical and other expenses.We have done this previously but this year we were audited. When we submit proof.ie invoices of tution, what is the best way to submit receipts for nappies and supplements, ie. would we scan in each till slip or can we just submit our excel sheet?

Don't pay income tax on rental income?

  Written by Marc   Posted 8 July 2014

I earn R408 000 p/year (from property rentals).
I don't pay income tax
Will SARS find out?

Can a commission earning employee without a travel allowance claim depreciation on a vehicle - 4027

  Written by Marc   Posted 8 July 2014

I am a commission earning employee without a travel allowance - am I able to claim depreciation on my vehicle due to the fact that I use my vehicle daily for work purposes ( driving to and from clients ) under section 4027 ?

Timeline for verification process with SARS?

  Written by Marc   Posted 8 July 2014

My returns have been pulled for verification. Please explain the timeline for this process as I have uploaded all the supporting docs required?

Who pays the tax on fringe benefit 3808?

  Written by Marc   Posted 8 July 2014

On fringe benefit 3808, who pays tax on it, do the employee pay tax & does the employer get back from SARS for this? How does this work?

I cant remember my tax number

  Written by Marc   Posted 8 July 2014

I forgot my taxnumber

SARS status return - data submitted to ITS

  Written by Marc   Posted 8 July 2014

Return - data submitted to its. I see this under SARS status but I haven't been asked for supporting documents, what does this mean?

Can I use my kids School fees & Pre school fees as a deduction?

  Written by Marc   Posted 7 July 2014

Can I use my kids School fees & Pre school fees as a deduction?

Cell Phone Expenses as a tax deduction?

  Written by Marc   Posted 7 July 2014

On my IRP5 for 2014, my commission (code 3606) is more than double my actual salary (code 3601). If this is the case, may I claim for any costs incurred for cell phone expenses for the 2014 tax period?

ITR12 option not available

  Written by Marc   Posted 7 July 2014

My SARS eFile does not have ITR12 option under my "Returns Issued"...it only has "Provisional Tax (IRP6)". What should I do?

Electronic refund and reversal on my ITSA from SARS?

  Written by Marc   Posted 7 July 2014

My ITSA for 2014 shows an electronic refund then a reversal. And I submitted my return on the 1st of July and still haven't received my refund. What does this mean?

Tax calculation on R850 000

  Written by Marc   Posted 7 July 2014

How much tax will I pay on R850 000 say if I resign end of this year

Statement of Local Assets and Liabilities (SOALA01) on personal tax return?

  Written by Marc   Posted 7 July 2014

My personal tax return is asking me to fill out a Statement of Local Assets and Liabilities (SOALA01).
Why am I been asked to do this? How can I get it away?

I work at a company and earned some income from unit trust investments. I don't own a business.

Office Expenses Disallowed?

  Written by Marc   Posted 7 July 2014

I have submitted my tax return and submitted the supporting documentation after a request to do so for an assessment/audit. I have received the outcome of the assessment to say that the home office expenses are disallowed. Which is odd, seeing as I went through the same process last year (including assessment) and they were allowed. I have two IRP5's from different employers and for the one, I 100% do the work from home. Is it worth disputing the outcome of the assessment or should I just le...

Read more →

Can I redo my tax return after submission?

  Written by Marc   Posted 7 July 2014

Can I resubmit my tax return after I eFiled? I am not happy with the figure?

I am permanently blind in one eye, will I be classified as being disabled for income tax purposes?

  Written by Marc   Posted 7 July 2014

I am permanently blind in one eye, will I be classified as being disabled for income tax purposes?

Medical Aid deduction not calculating on eFiling?

  Written by Marc   Posted 7 July 2014

I pay my medical aid out of my own pocket every month and I have 3 dependents. When I fill out my medical aid on my e-filing section (4040 and 4020), the tax calculator does not change. I am sure I should be receiving something back for medical expenses. I pay - R5000 per months for medical aid and I have also had around R14 000 expenses that the medical aid did not cover. Is there something wrong with eFiling ?

Offshore money received from my brother for me to buy property in RSA.

  Written by Marc   Posted 7 July 2014

Hi Tim..i received R500 000 from my brother in Australia (he is an Australian Citizen) so for him that was like only 50 000 Aus dollars to help me get a deposit for a house here in RSA. For the outstanding amount I got a loan at a local bank. Which one pays the tax?
Older posts →← Newer posts    233  234  235  236  237  238  239  240  241  242  243  244  245  246  247  248  249  250  251  252  253