Are prior period deductions allowed?

Written by Marc
Posted 1 July 2014
Can I claim the purchase of glasses that was done 2 years ago? The purchase was from my own pocket and the claim was never done before?
What are the tax benefits of pension fund contributions?

Written by Marc
Posted 1 July 2014
If I paid more money in my pension can I claim it from my tax?
Joint tax return

Written by Marc
Posted 1 July 2014
Can you file a joint tax return if your spouse earns below R250 000 from a single employer? If so how do you go about doing this?
Provident Fund Contributions

Written by Marc
Posted 1 July 2014
Hi. My provident fund contributions through my employer does not reflect on my Employee Tax Certificate.
It does however reflect as a sum on my payslip as at Feb 2014.
Do I include the provident fund amount listed under (4473) for the amount to be entered under (4006) on the tax return for retirement annuity contributions?
Thanks
Do I pay tax on overtime and travel allowance?

Written by Marc
Posted 1 July 2014
Are overtime and travel allowances taxable incomes?
Receiving income from 2 employers

Written by Marc
Posted 1 July 2014
I am receiving 2 IRP5s from 2 employers. Suddenly at the tax year end I find that I have been taxed too little. Calculating my income in 2 parts places me in a "x" bracket. Now when the 2 is calculated together I am being calculated in a different bracket and shows a huge amount of tax due. How do I prevent this?
Being taxed for free or cheap housing

Written by Marc
Posted 1 July 2014
I am being taxed on an amount for free housing. When will I pay less tax? If I get the amount as salary and pay it over to my employer as rent or if they deduct tax from my salary for the free housing.
Travelling allowances for disabled persons

Written by Marc
Posted 1 July 2014
I am disabled owning a car can I claim for travelling allowances in my income tax return?
Two IRP5 documents?

Written by Marc
Posted 1 July 2014
I worked half of the year for one company and the other half for another company.How do I submit my tax returns having two IRP5 documents?
What documents do I need as a 1st time IRP5 submitter?

Written by Marc
Posted 1 July 2014
What documents do I need as a 1st time IRP5 submitter?
My CTC is R22 000 with 50% contribution from company on medical(R1976), how should tax be calculated

Written by Marc
Posted 1 July 2014
I have a CTC of R22,000 and included in that amount is the 50% medical contribution from the company, how will my tax be calculated. My medical aid is R1976.
Tax due from SARS??

Written by Marc
Posted 1 July 2014
My tax return says -R1075. Must I pay in or does SARS owe me??
eFiling help needed ASAP

Written by Marc
Posted 1 July 2014
I previously used a tax administrator to do my tax for me now I cant do it myself as it requires the information she used and I no longer have contact with her how do I go about this?
Endowment policy - taxable?

Written by Marc
Posted 1 July 2014
Is it possible to claim for an endowment policy?
What are the amounts for PAYE?

Written by Marc
Posted 1 July 2014
What is the minimum amount that should be taxed per month, how is it calculated and how & when should I claim as in a construction company as a permanent employee
Tax relief caring for parent that is your dependant?

Written by Marc
Posted 1 July 2014
I have power of attorney for my 90 year old mother's fixed deposit account (small amount). I am concerned that the worst might happen and want to transfer the account into my name before then as I am concerned that the money will be frozen and we may need it to pay for all the arrangements. My question is what is the most tax efficient (for me as her sole provider) way of doing this as the money will be used to make all the arrangements afterwards.
In addition I currently pay for her old ag...
Read more →
Principal member vs paying member of medical aid

Written by Marc
Posted 1 July 2014
I pay for the medical aid for my family, however my wife is the principal member. Who should account for this on their return?
How to change banking details on SARS eFiling?

Written by Marc
Posted 1 July 2014
How do I change my banking details?
Can you withdraw fro the GEPF twice?

Written by Marc
Posted 30 June 2014
I saw you answered earlier on that a tax directive will be approved for a first withdrawal from the GEPF, but I have already withdrawn before, (20 years ago) but have received all my money by then. Will this have an implication on my current resignation?
Tax certificate from Cape Town municipality?

Written by Marc
Posted 30 June 2014
Can I get a tax certificate from the municipality for municipal rates (Cape Town)? Problem is the statements don't run from 01/03/2013 to 28/02/2014. Not sure hoe to apportion properly.
Will I get a refund with a non taxable salary paying a medical aid of whereby the employer pays 50%?

Written by Marc
Posted 30 June 2014
My Salary is R 5442.00 a month after deductions of which I do not get taxed but pay a medical aid for myself and my 2 kids of where the employer pays 50% of which my total amount starting last year Septermber were R 1297.00 and from January 2014 R 1413.00
I need my tax number please?

Written by Marc
Posted 30 June 2014
How do you know if have a tax number or where do I go to check if I have one?
Is donation received an income?

Written by Marc
Posted 30 June 2014
Is donation received from a relative included in gross income?
What does the final conclusion of reduced assessment mean to me as a taxpayer?

Written by Marc
Posted 30 June 2014
I received a reduced assessment and the conclusion was that a certain amount was refundable to me but it never paid out SARS paid me amount from previous assessment what does the reduced assessment mean?
Do I have to submit any tax return or form if I stopped working for the past tax year with no income

Written by Marc
Posted 29 June 2014
Hi Tax Tim, I use to work but stopped. Do I now have to send a tax return for the last year if I do not get any income anymore?
Older posts →← Newer posts
238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258