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@thetaxfacultyАй бұрын
Please provide us with your email address in order to assist you
@pradeepsarode49342 ай бұрын
I want job sir.. please give me
@stacysdad50712 ай бұрын
Nothing about tax is exciting. The govt takes funds to pay its bloated overpaid employee base. Look at the absolute misery and hopelessness in the small towns in SA. Dogs how. It's business in SA that provide the solutions to every problem. And the tax authority is not exactly pro business. The more ta you save as a businessperson the better for sa. Sa gets less tax.... better for the country ad a whole. So spare us the sanctimony. Talk of passing knowledge to youngsters.... well the authorities will patently insist that those be non white. We're not exactly loved as white men. So.... I for one don't love them right back. God bless the small businesses in SA. That's the last bastion of integrity.
@stanmarr44882 ай бұрын
I have never come across a more useless video on KZbin. I thought this was a tutorial on how to file an ITR14. OMW!!😮
@st090037053 ай бұрын
What if you work remotely for UK company, and they already deduct PAYE at source in UK, but becuase you remotely work from SA soil, do you get a 'credit' for tax already paid in UK under the double tax agreement?
@thetaxfaculty3 ай бұрын
The tax withheld in the UK was done so incorrectly, so no credit available. Please ask for a refund from HMRC - I suggest you appoint a consultant to assist. If you need any assistance, you are more than welcome to contact us.
@StephanieStewart-u6u3 ай бұрын
Windler Forks
@grahamtjiane30144 ай бұрын
Excellent Prof Jackie
@adamkamotophiri96924 ай бұрын
What is the normal balance on the director loan acc on the bank sheet if the director is owing
@thetaxfaculty4 ай бұрын
FTC is one of SARS's mechanisms to avoid double taxation. Where the client has paid tax to a foreign jurisdiction a portion of the tax paid can be claimed back as a FTC under section 6quat. There are several requirements, and the amount has to be converted to Rands and the payment has to be proved. If you need any further assistance, please reach out to us, [email protected]
@FeedThemCake4 ай бұрын
Hi - I'm filing an ITR12 as an expat for the first time. I've only earned about R 600K in the tax year, so I easily qualify for the section 10(1)(o)(ii) exemption. In Section 6, what amount do I enter in the box "Foreign Tax Credit on income received for foreign employment services not reflected on an IRP5/ITR...". I don't have any other assets, investments or dividends, only a salary. So I'm not sure if a 'tax credit' even applied in this case. Do I just put zero? Thanks
@thetaxfaculty4 ай бұрын
If so, there is a formula to determine how much of the Foreign Tax Paid will be allowed as a Foreign Tax Credit (FTC). If you need any more advice, please do not hesitate to email us at [email protected].
@Jad2345 ай бұрын
What are the tax implications of an overseas trust and pension plan? Can you move funds into this plan to avoid estate duty?
@benglover20455 ай бұрын
many words. Tax tax tax you are reading a book designed to be confusing explain it, don't just read it.
@seengmofokeng33225 ай бұрын
How about if the Company Supplied Internet has an SA director? Is it still zero rated?
@cindylederle60765 ай бұрын
I have been working in Asia since 2018, all this tax info is new to me, my accountant at home has been filing a zero tax since I left : but now that I have saved money and would like to return to ZA, invest in property for my retirement ... how do I go back or do I need to and declare my earnings aboard where I am taxed heavily here for being an expat?
@thetaxfaculty5 ай бұрын
Cindy, thank you for the question. It would be best if you spoke to a forex / excon export and we can assist with fixing the tax position. The outcome of the tax correction will be determined by the actual country you reside in. Hugo will work closely with your SA tax filers. Reach out to [email protected]
@tebogomodise17457 ай бұрын
Was employed for 5 months with previous employer, PAYE & UIf was deducted from my salary but when I check with SARS the employer never made any payment & it doesn't show if I was ever employed by that company. Pls assist on what to do
@tebogomodise17457 ай бұрын
I was employed for 5 months and PAYE & UIF was deducted by my previous employer but when I check with SARS no payment was made by the employer.What must I do?
@thetaxfaculty7 ай бұрын
The taxpayer needs to receive an IRP5 certificate, so if we talking about the 2024 tax year, s/he should receive it sometime in June as tax season opens in July. If s/he does not receive the IRP5 a complaint can be filed with SARS but generally, SARS makes it the employee's problem. I have advised taxpayers to file a complaint with the CCMA, citing that the employee is not fulfilling their obligations toward the employee in the employer/ employee relationship. The obligation is to withhold PAYE and pay it over to SARS. The consequence of the dereliction of this obligation causes the employee to be guilty of a criminal offence in not being able to fulfil their obligations. Also if the PAYE was withheld they can lay a charge of fraud at the police as the employer withheld PAYE, leaving the employee with the impression that they would pay the over to SARS on their behalf. The employer did not do this but presented the employee with a payslip confirming that it was withheld and paid over to SARS, which is fraud. If you need any assistance, please do not hesitate to contact us - [email protected]
@ExploreProTech7 ай бұрын
Thanks so much for making this video! Very helpful!
@nokubongabooma10 ай бұрын
I made an error about year submissions instead of 2023 I put 2003 how can I correct that? and I submitted on August last year
@carolhuman726010 ай бұрын
Heck, I need this as I'm dealing with the HNWI dept and it's no faster than E Filing and SARS @ your service :)
@Goddess8888-Winner10 ай бұрын
I took out a loan in 2021 and have not paid it back to the S Corp yet.
@Goddess8888-Winner10 ай бұрын
Does the loan have to be repaid back within that tax year??
@sharonwalsh60011 ай бұрын
Thank you so much for this clip. I whilst believe most affey in Taxation after 20 years doing same, had a multimillionaire client query the heck out of my additional R300 charged in ensuring that treating the Foreign Tax Credit, related income and calculation of S6quate rebate correctly. Needless to say that recovered not even a fraction of the time and resources expended, yet with the introduction of SARS auto-assessments, are not only losing those basic clients, who we find after the fact have had issues with auto-assessment, yet the multi millionaires with income and deductions from every source world-wise are no longer willing to pay for expertise and excellent and personalised service. So SARS are succeeding in putting valuable Tax Practitioners out of practice, as well as the Large automated online tax services where a client is essentially a number. Just terrifies me that AI have essentially taken over what I believe is one of the one complex tax systems in the world, leaving the committed, dedicated experts without income. If you have no objection, I would like to show client your comprehensive clip as whilst I charged him R300 more due to new sources of foreign income and tax credits I was not aware of based on the last 9 years submissions, it is concerning that the value and the expertise are not taken into account. Except WHEN the robots ultimately make mistakes and it costs 3 or 4 times more to fix than submitting accurately in the same time - and let's not even mention the penalties SARS happily rake in in these instances. Regards
@michaelstolman536 Жыл бұрын
LOOK AT THE CAMERA! not into space WTF People will insist on having annoying music when it is common knowledge the most people hate the annoyance of clashing music
@ekaterinetriana2193 Жыл бұрын
K 0:21
@sathyaprabajayaprakash7153 Жыл бұрын
Hi, part of my salary was received in home country and tax was deducted there. That amount was also added in the USA gross pay . So, I paid taxes for the same income since 2015. I am realising it very late. Is there a way to get it back?
@btsops8376 Жыл бұрын
Who should attend only south africans
@tshidisotsiolo7170 Жыл бұрын
Good day, what to do if my enterprise status says "deregistration final"?
@xolaninyathi9842 Жыл бұрын
Hello, would appreciate some help here. What is the minimum income amount a remote independent contractor is suppose to be pay as like in the case above? Whereby the company is like a Canada or US based? Also you declare this income under Other Taxable Receipts & Accruals?
@BrandonPadayachee Жыл бұрын
Hi there, what PERCENTAGE of the salary are south african remote workers supposed to pay to SARS? I have been offered a job but will only accept when I know what the tax rate will be
@Neuro_Spicy887 Жыл бұрын
SARS declined my request for reassessment due to 40 lapsed period. What should I do?
@thetaxfaculty Жыл бұрын
The first option is to request an extension from SARS and then hopefully SARS will decline with an option to do a NOO. Alternatively, if there is a readily, apparent undisputed error they can do an S93 or alternatively an S98 asking SARS to cancel the assessment.
@savhannahtruter9694 Жыл бұрын
Is there a capital gains tax consequence on a loan to a Trust for a deceased person ?
@subhanakhan9522 Жыл бұрын
Hi ,i would like to know ,how much ( minimum) foreign income one should earn ,in order to pay tax?
@thetaxfaculty Жыл бұрын
Hi Subhana, thank you for your question. Our Tax Technical specialist will assist shortly.
@thetaxfaculty Жыл бұрын
In South Africa, you are liable to pay income tax if you earn more than: > R95 750 and you are younger than 65 years. > If you are 65 or older but younger than 75 years old, the tax threshold (i.e. the amount above which income tax becomes payable) is R148 217. > For taxpayers aged 75 years and older, this threshold is R165 689. There are two methods used to convert the foreign income to Rands to determine if it meets the threshold. > The spot rate; or > The average exchange rate for the relevant year of assessment.
@bisratengida7853 Жыл бұрын
Very helpful thank you!
@cruz7047 Жыл бұрын
😜 'Promosm'
@DoctorShongwe-ry8qf Жыл бұрын
How to access 2016 efiling
@DoctorShongwe-ry8qf Жыл бұрын
How can I access 2016
@NduduzoZungu-ww3zh Жыл бұрын
Thank you for the effort but I can't understand what you are saying sir. As a beginner it is difficult to understand what you're saying. Please slow down and explain in the same way that you would explain to someone who has no idea about what all of this is
@janmfati2811 Жыл бұрын
this is rather harsh
@NduduzoZungu-ww3zh Жыл бұрын
I am having troubles with downloading the Itr14 on my device. I can't seem to find it anywhere
@sokhonjwabusiness8022 Жыл бұрын
How to deal with automated assessment for individuals?
@seansnyman4772 Жыл бұрын
You're a very animated person and presenter, Diane. Lovely. Makes for good learning. Thank you.
@MegaMalkiel Жыл бұрын
Thank you. Next time, perhaps, please allow me to even your collar. Indeed they say a picture transmits 1000 words ...may I add and conjures 1000 images too.
@jackkurasik8371 Жыл бұрын
It is simply put, - a Tax on Tax. Basically it should be illegal. Why?, because one buys goods with money, that has been already taxed
@vhotendaninevhudogwa3468 Жыл бұрын
Hi can we as business owners and property investors join or is it just for practitioners?
@thetaxfaculty Жыл бұрын
Hi 👋 no it's not just for practitioners, anyone is more than welcome to join and watch should you feel you could gain something from this topic.
@sitharasherin Жыл бұрын
Hi
@bernedettevanderwalt5561 Жыл бұрын
So inspiring! I am excited to write the EISA exam in September 2023. This course has taught me so much! I would recommend it to anyone who is passionate about tax!
@thetaxfaculty Жыл бұрын
We're happy to be of service Bernedette! We wish you the best of luck on your learning journey and on the EISA exam.
@kamoshafique-ws6zw Жыл бұрын
Need to do appointment
@erikaassor Жыл бұрын
You Go Phia !!All success!!
@leonieedson7614 Жыл бұрын
Dear Mrs how will l get my reference number.Thankyou.
@clivesher5583 Жыл бұрын
What is the cost?
@thetaxfaculty Жыл бұрын
Hi Clive. The course costs R16 950 and there are flexible payment options available. Feel free to provide us with your telephone number and email addy if you'd like us to send some more information your way. Best, TTF
@edinamibia2 жыл бұрын
Hi what is the difference between a will and an l&d account? Are they both one thing? And or are they both being paid out at different times?
@lowmett21652 жыл бұрын
Hi. There is a column in the balance sheet - Loan From Shareholder. What happens to Loan From Shareholder if the owner decides to sell the business? Thanks.
@thetaxfaculty2 жыл бұрын
Hi Low. Thanks for the message. It depends how the transaction is structured. Do you mind dropping an email to [email protected] as we require some more info on the transaction before we can assist you. Best, TTF
@majormosebi52732 жыл бұрын
Good day. Please reserve a space. I thank you.
@thetaxfaculty2 жыл бұрын
Hi Major. Feel free to provide us with your email addy and telephone number and we'll send you some more info on the course. Best, TTF