Can I practice as a practitioner?

  Written by Marc   Posted 19 February 2014

what are requirements for a person who intends to start a business in tax consulting and providing help to issues such as tax clearance certificates to client

How do I "unregister" from the requirement to submit an annual tax return?

  Written by Marc   Posted 18 February 2014

I have in the past submitted a tax return (ITR12) annually as required but I have now retired and my annuity & pension income is now less than R60 000.00 per annum.

My questions are as follows:
1) Do I still have to submit an income tax return.
2) If not then what process must I follow to get "deregistered"?

SARS requesting private km and logbook for everyday of the year in addition to business travel?

  Written by Marc   Posted 18 February 2014

I'm claiming tax on my travel allowance and submitted my logbook based on the SARS logbook. Earlier today I was notified that my travel claim is disallowed. When I called them they said I should add my personal travel and mileage for everyday of that tax year. Is this normal? I thought SARS was only interested in business travel.

How much will I clear after tax with a salary of R15 000 pm?

  Written by Marc   Posted 18 February 2014

How much will I clear after tax with a salary of R15 000 pm?

Penalties on provisional return payments?

  Written by Marc   Posted 18 February 2014

I assess my income for the year on the 25th February 2014, make a payment to be sure that estimates are going to 90 % correct, on the 27th February 2014 a large amount is paid ... will I attract tax penalties?

How do I get mt my tax reference number no on the internet?

  Written by Marc   Posted 18 February 2014

How do I get tax reference number on the internet?

What is the PAYE formula?

  Written by Marc   Posted 17 February 2014

Mr ab is paid a monthly salary of R20 000 as well car allowance of R2 500. He belongs to company pension fund and contribute an amount equal of 7.5% his basic salary. The company does the same. He is also member of medical aid and his total contribution is 2100 of which the company contributes half.

How do you calculate this?

Maximum amount an RA can be, to qualify for a single payment?

  Written by Marc   Posted 17 February 2014

I seem to remember that the maximum cash single amount (R75,000) that can qualify to be taken on retirement of an RA is to be increased to R150,000.

CGT Losses carried forward?

  Written by Marc   Posted 17 February 2014

I'm a provisional tax payer over 65.
If I have a CGT loss of say R50,000 do I carry forward the R50,000 or R20,000 (R50,000-R30,000)?

How can I benefit for tax the most from Retirement Annuities?

  Written by Marc   Posted 17 February 2014

What is the MAXIMUM amount of tax free benefit I can get in the 14/15 tax-year? I understood that it is R 350 000 or 27.5% of taxable income. What happens if I put R 380 000 into a pension fund on a salary of R 980 000.?

Tax registration on new income?

  Written by Marc   Posted 15 February 2014

I am intending to buy and resell products from a MLM company.The profit is calculated on how much you buy the products for. Is it necessary for me to register for tax if I have a full time job where I pay tax?

Does medical aid contributions qualify for the calculation of allowable RA deductions?

  Written by Marc   Posted 14 February 2014

In the cost-to-company pay structure the medical aid contribution does not fall under "pensionable income". Can the full medical aid contribution be included for the calculation of the optimal tax deductible RA contribution (15% of non-pensionable income)?

How fast are refunds paid out in 2014?

  Written by Marc   Posted 14 February 2014

How long will SARS take to pay out a rebate consisting of the 4 previous consecutive years, considering the payout has gone for a review?

Limit on medical expenses claimed by an older than 65 taxpayer?

  Written by Marc   Posted 12 February 2014

Is there a provision in the tax act which limits the amount of medical expenses (not medical aid contributions) that a taxpayer older than 65 may claim, to not more than 50% of their taxable income? I have been told this by a SARS employee in response to a query re a revised assessment disallowing some medical expenses.

Paying tax on Scholarship/Bursary funds?

  Written by Marc   Posted 12 February 2014

Thanks for the great advice thus far. Do university students have to pay tax on scholarship or bursary money if they are studying full time?

Should I as a casual have a tax number?

  Written by Marc   Posted 12 February 2014

I am currently working as a casual working at amazon spur, earning R13.81 per hour I am working 5 hours shift per day, we have been asked to provide tax numbers, I want to know where should we get tax numbers?

Would the tax free portion of a RA be re taxed in the current tax year?

  Written by Marc   Posted 12 February 2014

I am 55 years and still working, but cashed in 1/3 of my preservation fund and received the sum of app 478 k, 315 K of which was the tax free portion, so I paid 18 % tax on the balance of app 166K. How would this be calculated once this has been taken into the 2013/2014 tax year? Would the tax free portion be exempt from tax or will this amount be re-taxed?

How do I apply for a SARS tax reference number?

  Written by Marc   Posted 12 February 2014

How to apply for personal tax number at SARS what is needed from me and how long does it take or is it a same time service?

Employer doesn't deduct PAYE?

  Written by Marc   Posted 12 February 2014

The company I started working for doesn't deduct PAYE, it states on my contract that I will be responsible for paying taxes myself.

Need to register eFiling for my mom?

  Written by Marc   Posted 11 February 2014

How to go about registering for someone if you have power of attorney?

What methods of apportionment of home office expenses are acceptable to SARS?

  Written by Marc   Posted 11 February 2014

I am a 100% commission earning employee who runs all my business activities from my residence. I estimate my business share of home expenses as being higher than simply the size of my office as a percentage of the house floor space. Can I include more area, such as the kitchen (used for meals during office hours) and the dining room (used for meetings)? Is floor space the only apportionment method?

Are university fees exempt from tax?

  Written by Marc   Posted 10 February 2014

Can I deduct my child's university fees from tax payable?

Can remote workers claim the expense of a desk in a shared office (not a home office)

  Written by Marc   Posted 10 February 2014

I've been working remotely for a Johannesburg based company. I used to work from my actual home but started renting a desk at a shared office near my home instead. I was using this exclusively for work.

Can I claim this an expense on my tax?
I'm a full time employee of a company employed as a regular PAYE employee.

Retirement Annuity Topup

  Written by Marc   Posted 10 February 2014

I am a Pensioner in my seventies. Have a Retirement/Living Annuity ~ R 750 000 and want to top it up with R 500 000(for various reasons).

What is the Tax implication? From the R 500 000 contribution, what can I deduct in the current and future tax years?

Is CGT payable as the plot was bought with the intention to build a house?

  Written by Marc   Posted 10 February 2014

I bought a plot 20 years ago with the intention to build a house. Due to financial constraints I did not build nor purchase any other property. I have now sold the plot and purchased a house in much cheaper area

Am I liable for CGT on the sale of the plot?
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