TaxTim

[MikyMouse]

I use Tax Tim every year, but that's because my tax situation is fairly complicated. Their wizard/questionnaire format of gathering the necessary info makes things very easy.

Works well and for R200 its worth it in my opinion.

Thanks! Good to hear a review of their product

 

[redleh]

I m quite keen to get some more feedback on Tax Tim.
Their services are free if you are on momentum medical aid and I'm not really satisfied with the person that has been doing my tax return.
For context : I am a foreigner working in SA and not yet confortable in doing my e-filling by myself.

 

[AlpineLemming60]

Also used them for the last 3 years. The online format is easy to use. Worth the price to process submissions

 

[Player1]

Have also used them for 3 years. I have to pay for it but I am happy to pay each year for the service it just makes things easier.

 

[SpeedygonsalZA]

I just asked them a question about my return for this year, still awaiting feedback. I changed motor vehicles - so when claiming back this year how would one go about it?

 

[e4et]

Hi guys.
Any more feedback about TaxTim ?
I'm thinking of using them this year, especially with the few hundred rands I used " trading" crypto.
Dont want any issues with SARS, grrr

 

[redleh]

Hi guys.
Any more feedback about TaxTim ?
I'm thinking of using them this year, especially with the few hundred rands I used " trading" crypto.
Dont want any issues with SARS, grrr

I used them to do my return last year. It works really well.
You've got a wizard with a series of questions and in the end, you can see what will be submitted.
I didn't have any crypto earnings so I can't tell you how well they manage this, but they discuss quite a bit on their website.
My tax return is my salary, rental from a property and then logbook etc.

 

[d0b33]

I started using TaxTim, it helps as I'm a freelancer, but now I'm unable to make a payment online. Anyone else having issues using the PayU portal on TaxTim?

 

[e4et]

I used them to do my return last year. It works really well.
You've got a wizard with a series of questions and in the end, you can see what will be submitted.
I didn't have any crypto earnings so I can't tell you how well they manage this, but they discuss quite a bit on their website.
My tax return is my salary, rental from a property and then logbook etc.

Thanks for the feedback. Will see how it goes. I've signed up and have my voucher ready.

 

[e4et]

I started using TaxTim, it helps as I'm a freelancer, but now I'm unable to make a payment online. Anyone else having issues using the PayU portal on TaxTim?

I used my fnb virtual cc to buy the R311 voucher, no issues.

 

[Claire2014]

I am considering using Tax Tim as its free with my medical aid. I see when signing up I have to give them permission (proxy) to actual be the tax practioners on my e-filing. I am wary of this as back in 2013 I had a bad experience with tax practioners in illovo not relinquishing my profile once I stopped using their services. Anyone had an experience with Tax Tim where this has been the case? I just dont want the headache of next year having to get them to "relinquish" my profile again. Thanks!

 

[e4et]

I am considering using Tax Tim as its free with my medical aid. I see when signing up I have to give them permission (proxy) to actual be the tax practioners on my e-filing. I am wary of this as back in 2013 I had a bad experience with tax practioners in illovo not relinquishing my profile once I stopped using their services. Anyone had an experience with Tax Tim where this has been the case? I just dont want the headache of next year having to get them to "relinquish" my profile again. Thanks!

Did you run into any issues with this ?
I used them last year, but want to submit my own this year.

 

[mr_norris]

Did you run into any issues with this ?
I used them last year, but want to submit my own this year.

I used them last year and then wanted to do it myself this year. I don't remember how I got my profile back but I had no troubles at all.

 

[noxibox]

you make a good point, I did mine last year and it wasn't difficult at all, however it was very basic at the time. Now I will be needing to add RA contributions, medical aid (hospital plan) contributions and income protection contributions and was just concerned that I wouldn't get my maximum return

There is a place for each of those with a descriptive label above and a code next to the field. The tax documents you get from each provider for your RA, medical aid, etc. should have the requisite code, but the fields are labelled on the tax return anyway. Chances are you can't claim back for income protection.

Hi guys.
Any more feedback about TaxTim ?
I'm thinking of using them this year, especially with the few hundred rands I used " trading" crypto.
Dont want any issues with SARS, grrr

They treat it the same as stocks. If you buy and sell regularly it is considered income and taxed accordingly at the same rate as your salary. If you tend to hold it for extended periods you can try to instead claim a capital gain or loss. If you hold it for more than three years it is automatically treated as capital gain or loss.

 

[e4et]

I used them last year and then wanted to do it myself this year. I don't remember how I got my profile back but I had no troubles at all.

I logged into efiling now, could not generate my return or do anything useful.
Under " My portfolio" I saw under the Tax types section, that tax tim was the active representative under the " Individual Income Tax (ITR12)" section.
I selected the option to remove them.

Site says I must check back in 24 hours.
Sure hope I'm going about this the right way.

Edit.
hmm, should have read this before removing them.

How to get back control of your SARS eFiling profile | TaxTim SA

If somebody else filed your tax returns previously, follow these steps to get back control so you can submit your own tax returns using TaxTim.

www.taxtim.com

States I should have first done the option for "obtain full shared access"
Hope I didnt shaft myself by not doing that first, instead of removing them outright.

 

[Snyper564]

There is a place for each of those with a descriptive label above and a code next to the field. The tax documents you get from each provider for your RA, medical aid, etc. should have the requisite code, but the fields are labelled on the tax return anyway. Chances are you can't claim back for income protection.


They treat it the same as stocks. If you buy and sell regularly it is considered income and taxed accordingly at the same rate as your salary. If you tend to hold it for extended periods you can try to instead claim a capital gain or loss. If you hold it for more than three years it is automatically treated as capital gain or loss.

Incorrect not treated like stocks. Similar principles but not the same.

3 years do not trigger automatic cgt treatment. Age is just one point in the argument its def not automatic

THERE is way more to crypto tax if you ever consider going the CGT route be ready for a fight and have your arguments well prepped.

For 99% of ppl dealing with crypto its income tax though.