Employment tax incentive

  Written by Nicci   Posted 26 May 2017

What is Employment Tax Incentive and who gets it?

Donation deduction on school fees

  Written by Nicci   Posted 26 May 2017

If I pay school fees for a previously disadvantaged child - who isn't a family member - and the school isn't a registered PBO. Can I deduct the school fees as a donation?

Online sports betting

  Written by Nicci   Posted 26 May 2017

Are winnings from online sports gambling sites taxable?

Severance benefits and estate duty

  Written by Nicci   Posted 25 May 2017

Do severance benefits received from an employer at death, form part of property or deemed property in your estate for Estate Duty purposes?

Depreciation of on second hand assets

  Written by Nicci   Posted 23 May 2017

I'm working for a new company that started last year January (2016). All of the computers and furniture was inherited from the previous company (Re-branded the company, but doing exactly the same thing) how do I calculate depreciation with regards to Computers, Laptops & furniture?

What's awaiting registration verification?

  Written by Nicci   Posted 16 May 2017

What does it mean when I have registered with SARS eFiling and under the organisational tax types I am getting a status that says awaiting registration verification?

New Employment

  Written by Nicci   Posted 3 May 2017

When does tax season begin and when does it end? I started working at a new company on the 1st of January 2017, do I only submit the IRP5 of the new company?

Deffered income

  Written by Nicci   Posted 2 May 2017

What is deferred income?

What type of tax category do I fall into?

  Written by Nicci   Posted 2 May 2017

I have one client in the US, I use all my own equipment and work from home. What type of taxes should I be filing? I am based in South Africa and bring funds through via PayPal, I am not taxed in the US as I am considered a independent contractor.

Working for a salary that varies

  Written by Nicci   Posted 28 April 2017

I am starting a career as a tour guide and the company will require us to
sort our own taxes out. The amount of money I will earn per month will
vary. The salary will consist out of a salary paid from the company per
trip, as well as tips.

How do I go about tax when your salary will vary per month?

Vat deregistration

  Written by Nicci   Posted 27 April 2017

How do I deregister for VAT?

Petrol and travel allowance claims

  Written by Nicci   Posted 26 April 2017

How do I claim petrol on tax? For the previous tax year I've kept a detailed petrol log through your app and I've been using my own petrol card and claiming back. I do receive a travel allowance. The company has now given us petrol cards, do I still need to keep a log to claim or can I not claim because the company is paying?

Help with past tax returns

  Written by Nicci   Posted 25 April 2017

I've been working for the past 5 years and have never claimed back tax. I have all my IRP5 certificates since I started working. I have no travel allowance, I usually pay for everything with my own finances. I'm registered for tax with SARS, but I'm not sure if I'm registered on SARS eFiling.

Waiting for my VAT number

  Written by Nicci   Posted 25 April 2017

Can I charge VAT while waiting for my VAT registration to come through? How can I legally show VAT on a invoice to a customer while waiting for my VAT number? The company registration and income tax is done.

VAT registration process

  Written by Nicci   Posted 25 April 2017

Can you guys do my VAT registration details?

Vat Registration Cost

  Written by Nicci   Posted 24 April 2017

What is the amount before registering for VAT at SARS?

Tax Deductible Donations

  Written by Nicci   Posted 24 April 2017

I made a tax deductible donation in the previous tax year, but the amount was over the allowable 10% deduction limit (as reflected in my ITA34). Will the excess amount be automatically added to the new tax year as an add-back, or do I need to add the excess amount to the current years tax deductible donations?

Registering for provisional tax for start-up?

  Written by Nicci   Posted 24 April 2017

Does a start-up company (dormant pty company) with zero income for first 2 years, have to register for provisional tax?
The director does earn a normal salary from employer, but created company name to work on part time. The director is busy with research before there will be any taxable income. The director created the company name to reserve the name before it is taken. ( the company also needs tax number) Do not want to go through the admin for provisional tax before it is needed. Only ...

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Farming tax

  Written by Nicci   Posted 24 April 2017

I was employed and practised farming part time, I didn't declare farming activities. I've purchased tractors and now farming full time and have a registered company where do I start with my tax?

Unit trust and tax

  Written by Nicci   Posted 24 April 2017

Do I need to declare interest from unit trusts that is under the threshold of R33000 (e. g. Local interest earned was R15000).

My tax fluctuate every month

  Written by Nicci   Posted 21 April 2017

Why does my tax fluctuate every month on my payslip? I'm a fully employed with a monthly salary- no overtime or shifts. I saw that you've already said it should not fluctuate. How does one go about rectifying it?

Providing financial support to my elderly parents?

  Written by Nicci   Posted 21 April 2017

What are the tax implications of me providing financial support to my elderly parents?

Output VAT and levies

  Written by Nicci   Posted 20 April 2017

Is Output VAT supposed to be levied on Land if both parties are VAT Vendors?

Can I claim if not reimbursed by my employer?

  Written by Nicci   Posted 20 April 2017

My employer doesn't reimburse me for traveling in between the office and our sites. I don't have a company car but I drive about 92KM per day between the office and on of our sites. Would it be possible to claim KMs from SARS for the use of my private car? And the company doesn't provide a cellphone allowance but I'm required to use my phone a lot at work. I receive no allowance and I'm not a commission earner. Can I claim for the contract I was forced to take?

The low-down on Financial Statements for companies

  Written by Nicci   Posted 20 April 2017

With the launch of the Corporate Income Tax Return service for SME’s recently, there are questions around the requirement for companies to produce financial statements once they have filed their return. In particular, small business owners have been asking whether they need to engage an expensive professional to prepare them, or if can they be drafted and signed internally by their accountant/bookkeeper. There also seems to exist some confusion around the requirement for an audit versus an internal review. Below, we try and clear up some of the confusion around this topic. ...

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