Written by Nicci
Posted 28 June 2019
An IRP3(e) is a tax directive from SARS to instruct an employer, a fund or a commission earner the tax amount that they should deduct from either a lump sum or commission income that an employee might be due to receive.
Written by Nicci
Posted 13 June 2019
Written by Nicci
Posted 5 June 2019
I have been living abroad for a while, since February 2018 to be exact. I filed my tax return for the 2017/2018 financial year, as it reflected my income for the previous year, during which I was employed in South Africa. I would like to maintain an unbroken record with SARS, but I'm not sure how to file for income earned abroad. My current income is well below the R1 million limit impostor in South Africans working abroad. I will be tax returning to SA in March 2019. So, I would like to know wh...
Written by Nicci
Posted 5 June 2019
Written by Nicci
Posted 4 June 2019
You may have seen the latest announcement by the SARS commissioner to increase the qualifying threshold for certain taxpayers to submit a tax return from R350 000 to R500 000.
However as with all previous years, this only applies to certain taxpayers and so it is very important to check if you are one of these.
The threshold applies to you only if you meet ALL of the criteria below:
Written by Nicci
Posted 4 June 2019
By now you would have seen the latest announcement by the SARS commissioner to increase the qualifying threshold for certain taxpayers
Read more →
Written by Nicci
Posted 3 June 2019
Written by Nicci
Posted 28 May 2019
There are times when the call centre agent from SARS is unable to resolve your issue and you need to reach out to a more senior person at SARS.
You can request to speak to a team leader / operations manager or the branch / call centre manager and they should be able to assist you. Always remember to note down the case number for your call. If however, you're not satisfied with the outcome of the issue, you can lodge a formal complaint with an agent at a SARS branch or on eFiling (if y...
Written by Nicci
Posted 28 May 2019
Written by Nicci
Posted 26 May 2019
Written by Nicci
Posted 22 May 2019
Written by Nicci
Posted 21 May 2019
This week we zoom into Wear and Tear also commonly known as Depreciation. Below we've covered some of the top questions we've received from our Helpdesk. Take a quick read through our Q&As and see how your pressing depreciation questions can potentially be solved.
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Written by Nicci
Posted 21 May 2019
Written by Nicci
Posted 20 May 2019
Written by Nicci
Posted 17 May 2019
Written by Nicci
Posted 9 May 2019
It’s that time of the year again and employers are issuing their employees IRP5s for the tax year. An IRP5 is a tax certificate which shows the total employment income that you earned for the tax year, the total employment related deductions that were taken from your income and paid over to either a retirement fund (pension, provident or retirement annuity fund) or a medical aid and the total tax (PAYE, UIF and SDL) that you paid...
Written by Nicci
Posted 7 May 2019
Written by Nicci
Posted 2 May 2019
Written by Nicci
Posted 29 April 2019
Written by Nicci
Posted 24 April 2019
If you are an Uber driver, you use your own vehicle/s to generate your income and you determine your own working hours, you will be treated as being self-employed (i.e. an independent contractor) for tax purposes.
Since you do not earn a salary, you should be registered as a provisional taxpayer with SARS.
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Written by Nicci
Posted 17 April 2019
From our numerous interactions with small business owners, it seems that many draw up the company’s financial statements by themselves, without engaging the services of a professional. Many don’t use accounting software but opt for a simple excel spreadsheet instead. Although this is cost-effective, it can be a daunting task, particularly for those with a sketchy (or non-existent) accounting background.
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Written by Nicci
Posted 16 April 2019
Below we take a look at Capital Gains Tax, particularly relating to the primary residence exclusion. What we’ve covered are some of the most pressing questions asked by our users on our help-desk. Take a few minutes to read the Q&As. Hopefully what has been unpacked in these Q&As will benefit and assist you with any uncertainties you might have experienced regarding this topic.
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Written by Nicci
Posted 27 March 2019
Written by Nicci
Posted 25 March 2019
It's always wonderful to win a prize or a competition – however, many people don’t realise there may be tax consequences attached.
This week we thought it would be helpful to remind you what to look out for, should you be the lucky recipient of one of the below:
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Written by Nicci
Posted 18 March 2019
We receive many relevant questions from our users about what they can claim as a tax deduction if they or one of their dependants suffers from a disability. This week, we will focus on this issue and hopefully help other taxpayers out there who may have the same questions.
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