Logbook App

  Written by Marc   Posted 10 April 2014

I am looking for the log book only for now?

Medical Aid & Car & Travel Allowance Questions

  Written by Marc   Posted 9 April 2014

Can an employer pay an employee for medical aid if its not medical aid through the company but rather on their own capacity? For example I have my own medical aid on my name. Can my employer pay me a set amount of R2000 every month for medical aid? What is the tax benefit of that, if any?

What is the difference between a car/Motor Vehicle allowance and travel allowance or are they the same thing? I don't travel for the company, but could I still get a car/Motor Vehicle allowance?

Pension Fund vs RA

  Written by Marc   Posted 9 April 2014

I am currently at a company where they contribute and I contribute to a pension fund. Another company has a structure where they don't have any RA or pension scheme. If I were to take out an RA at the second company how will this affect my tax?

Refund on provident funds?

  Written by Marc   Posted 9 April 2014

Do I get tax back on my provident fund payout?

Income tax legislation?

  Written by Marc   Posted 9 April 2014

I need to know income tax legislation and criteria for deductible income tax.

Can I be taxed less or refunded when I submit receipts of all my purchases?

  Written by Marc   Posted 9 April 2014

I'm told that if I keep the receipts of everything that I purchase, I can submit them to SARS and I don't have to be taxed too much or I can be refunded, is it true?

Do I need to register for provisional tax and VAT as a sole proprietor selling used vehicles?

  Written by Marc   Posted 8 April 2014

I am the sole proprietor of my business. I buy up used motorcycles and scooters, which are mostly vintage and then sell them on to collectors. Some of my sales are to overseas buyers requiring me to export these vehicles.
This is my only income.
Am I required to register for provisional tax?
Am I required to register for VAT?

Tax implication on initially tax exempt foreign earnings?

  Written by Marc   Posted 7 April 2014

Hi Tim, reading through your blog I am quite confident that my foreign earnings will be tax exempt...thank you! I start a working contract as a salaried worker in Saudi Arabia this September. I am thinking of transferring the bulk of the money into my South African cheque account on a monthly basis and maybe from there into a market linked account.

My question relates to tax implication at this point. Do I pay SA tax on just the interest earned thereafter? Does the capital get taxed in subsequent tax years? ...

Read more →

Is SDL calculated on monthly salary of R2500 p/m?

  Written by Marc   Posted 7 April 2014

Does an employee pay Skill development Levy on a salary of R2500 per month for the tax year 2015?

I need to get my tax number?

  Written by Marc   Posted 5 April 2014

How can I get my tax number via mobile?

How to treat foreign income

  Written by Marc   Posted 5 April 2014

I am a SA citizen and live outside SA with my family(since 1998). I have bank accounts and property investments in SA, and I still fill tax return every year. My salary income is all foreign though. I visit SA almost every year for a period of 4-6 weeks for vacation); sometimes another 2 weeks over Christmas. I also own foreign property.Questions:1. Should I declare my foreign income?2. Should I declare my foreign property in any way, purchase, rental income, sale?

Tax thresholds?

  Written by Marc   Posted 4 April 2014

What is the minimum tax threshold for 2015?

Holiday Homes - what can I claim and what will be the tax implications when I sell my property?

  Written by Marc   Posted 4 April 2014

I have a holiday home... what expenses can I claim? Can I for instance claim depreciation and finance charges? What is the TAX implications if I sell my holiday home, say after 10 years? If I took money from an existing bond and other financial investments, can I claim the finance cost and lost interest?

What is the tax benefit on a medical aid?

  Written by Marc   Posted 4 April 2014

Do I pay less tax if I pay for private medical aid?

our employee deduct

  Written by Marc   Posted 4 April 2014

hi tim our employee deduct PAYE from some of our casual worker but dont pay it in to sars what can we do.

Tax on earnings?

  Written by Marc   Posted 4 April 2014

My earnings are R7098.40 what will my PAYE be?

How are one-off payments taxed?

  Written by Marc   Posted 3 April 2014

I have just started working as a freelance copywriter however this is not my main source of income. The work is a side-line and sporadic thing. I am about to be paid for a job I've completed and would like to know how I will be taxed for the job- in other words I really want to know how much money I will take home at the end. Is there a way for me to calculate this?

Won't I be penalised if I did not submit last year cos I did not have a medical aid?

  Written by Marc   Posted 3 April 2014

I receive my IRP5 every year, I never submitted them to receiver because all along I did not have a medical aid or a retirement annuity. Last year in September I then joined the Government medical aid and it was also stated in some articles that if you don't have one of the mentioned and earning below 250 000 per annum there was no reason to submit. This year I will do my submission since I have a medical aid.

My question is won't I be penalized for not submitting last year due to th...

Read more →

Are you a registered entity or company or person to do Tax Returns?

  Written by Marc   Posted 3 April 2014

How do I verify that you are legitimate entity and you are registered with SARS for the Tax Return purposes.

Do I need to reflect an executrix's fee as an income?

  Written by Marc   Posted 3 April 2014

I HAVE RECEIVED AN EXECUTORS FEE WHAT DO I NEED TO REFLECT THIS IN MY TAX RETURN. Do I have to reflect it as an income. Am I allowed to take my costs off this fee i.e. photocopying charges, ink jet cartridges, phone calls.etc.

Income tax for Fy 13-14.

  Written by Marc   Posted 2 April 2014

Hi, My annul income is R. 495 000 and I joined in South Africa payroll in mid of Jan -14.So my question is how much income tax I should pay to government.

If my previous employer has submitted my IRP5 forms to SARS will I receive a tax return?

  Written by Marc   Posted 2 April 2014

Please advise on the following. I have had two previous employers but I had not registered for tax or eFiling?

Recently, I had received my IPR5 from one of the previous employers. The IPR5 form was filled in by HR and had a 10 digit number which I assume to be my tax number, am I correct to assume so?

Secondly, if my previous employer has submitted the IRP5 forms, will I receive any return or do I have to register for eFiling and submit the forms myself in order to obtain a return?...

Read more →

Donations Tax?

  Written by Marc   Posted 2 April 2014

My parents are married in community. 1) Do they still need to fill in forms at SARS if they give me a donation of less than R100 000 each ? I understand that my dad can donate R100K to my mom tax free, but can my mom then donate that same R100K to me so that I can receive R200K in total for the tax year, or can they only donate a joint total of R100K?

Is your service for small businesses?

  Written by Marc   Posted 1 April 2014

Is your service for small businesses?

Will I pay SA tax on my UK pension and lump sum from deferred pension received in SA?

  Written by Marc   Posted 1 April 2014

I have lived in SA for 40 years and have just started receiving the portion of the UK pension that I am entitled to, will I have to pay SA tax on that. Also, because of my deferred pension and the choice of lump sum or extra pension, if I choose the lump sum and have it sent here will I have to pay SA tax, I can tell you the amount of the lump sum if you need to know it.
Older posts →← Newer posts    246  247  248  249  250  251  252  253  254  255  256  257  258  259  260  261  262  263  264  265  266