TAX SEASON ( the tips and tricks thread)

[antowan]

A thread for sharing advice.

[Rahl]

Tip nr 1: Avoid at all costs.

[gboy]

be honest, bubba is not going to be friendly.

[kingmonty]

Speak to a tax consultant before doing anything. They are worth their fees in gold.

[LancelotSA]

Speak to a tax consultant before doing anything. They are worth their fees in gold.

agreed....

....flip, i only earn a small salary with just pension and med aid, and normally i only for something like r1 back or owe r1. then for the last 2yrs i got someone to do it for me (for about r250) and each time i got way more over that amount back..

I have always done it myself (yes, i know not everyone knows how) and whenever anyone tells me they are paying someone to do it, it shocks me. There is so little to do once you have summarised all your information and given it to the person. And for most people it is even simpler as it is an IRP5, an RA certificate and medical expenses only. And they pay someone R300 to punch in these three figures for them....


Yes, if you are a commission earner (although it is still basic) and have complex returns then fine but for the regular salary earner it is really easy to do it yourself!

[wizdumb]

agreed....

....flip, i only earn a small salary with just pension and med aid, and normally i only for something like r1 back or owe r1. then for the last 2yrs i got someone to do it for me (for about r250) and each time i got way more over that amount back..

[Pr⊕phet]

riiiiiight - i haz efiled

/now the wait to see what i get if any

[chris2.0]

Last year's tax I eFiled on the 29th of this year - got R2500 back 5 days later!!! eFiling rocks... Hope this yr (w/ travel allowance and crappy mediacl aid) I can multiply that by 10!

[marco79]

I cannot seem to submit on efiling.

I keep on getting an error after i press 'file' or 'save online'.

Any advice?

[Pr⊕phet]

I cannot seem to submit on efiling.

I keep on getting an error after i press 'file' or 'save online'.

Any advice?

what is the error you are getting, last year i had to save it to pdf and from there send the file to sars which worked.

tax calculator, in the last bit where it says Tax Calculation. (...not being the final reflection/findings...)

if its like this for example:

Normal Tax on Taxable Income: R100
Rebates: R20
SubTotal: R80
Employees' Tax and Tax Credits: R50
Calculated Result: R30

does that mean i would have to pay in R30, when the Employees' Tax and Tax Credits is less than SubTotal ?

[Muks]

what is the error you are getting, last year i had to save it to pdf and from there send the file to sars which worked.

tax calculator, in the last bit where it says Tax Calculation. (...not being the final reflection/findings...)

if its like this for example:

Normal Tax on Taxable Income: R100
Rebates: R20
SubTotal: R80
Employees' Tax and Tax Credits: R50
Calculated Result: R30

does that mean i would have to pay in R30, when the Employees' Tax and Tax Credits is less than SubTotal ?

Id like to know this also.. anybody?

[morneuys]

Hey Guys

Speak to a Financial Adviser for a free Consultation, in terms of Investments, Insurance & Tax.
There's no obligation & its our job to stay in the KNOW.
If you need any help in the Cape town area, my details are below.
Feel free to mail me or contact me on the details below:

Morne Uys
Financial Adviser
Liberty : Bishops Court Agency
Mobile: 084 999 3056 | Work: 021 526 1091 | Fax: 086 242 7761
e-mail: morne.uys@liblink.co.za | LinkedIn: MorneUys

[Kenz0]

Hi peepz,

Mayb you can explain something to me :

For the 2011 tax year a received a per km reinbursement for work mileage travelled, somethin like R2.62/km. I mustve travelled 26000km for work. SARS hit me with a hefty tax bill of R14000.

For the 2012 tax year i changed employers and received a travel allowance of R2500pm and was taxed as a complete package with my salary. I travelled 16000km for work and received R8000 rebate for the year.

Now for the 2013 tax year i am once again receiving a per km rate of R2.92/km. What do i have to do differently to ensure that i dont receive a hefty bill from SARS as i did for 2011 tax year???

Your help is much appreciated!!!!!!

[thatdamnJoe]

what is the error you are getting, last year i had to save it to pdf and from there send the file to sars which worked.

tax calculator, in the last bit where it says Tax Calculation. (...not being the final reflection/findings...)

if its like this for example:

Normal Tax on Taxable Income: R100
Rebates: R20
SubTotal: R80
Employees' Tax and Tax Credits: R50
Calculated Result: R30

does that mean i would have to pay in R30, when the Employees' Tax and Tax Credits is less than SubTotal ?

Yes

[Voicysaurous]

Last year's tax I eFiled on the 29th of this year - got R2500 back 5 days later!!! eFiling rocks... Hope this yr (w/ travel allowance and crappy mediacl aid) I can multiply that by 10!

+1

Last year I submitted My eFiling on a Friday. The next monday I was paid.