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independent-contractor
Tax Season 2026 opening date and deadlines
Tax Season 2026 The wait is over! SARS has officially announced the filing dates for the 2026 Tax Season. Auto-Assessments: 1 July – 12 July 2026 Auto-
Read moreRenewable Energy Incentives for Businesses
The enhanced tax incentive recently introduced by the government, known as Section 12BA, aims to promote private investment in electricity generation from renew
Read moreUnderstanding the Assets and Liabilities Section in Your Tax Return
The assets and liabilities section in the annual tax return (ITR12) needs to be completed if you: earn self-employment income or are an independent contracto
Read moreNavigating Tax Consequences for Social Media Influencers
Top Tips for Sole Props
1. Keep an accurate record of revenue and expenses You can draw up these records by way of a simple spreadsheet based on your invoices and then confirm these a
Read moreWhat to do if your tax return was rejected by SARS
If you've received a letter from SARS saying that your tax return has been rejected and you're not sure why, there could be a few reasons why this has happened.
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FAQ: Home Office Expenses
Flexible employment is becoming increasingly popular, many taxpayers spend some (or all) of their time working from home. If certain conditions are met, taxpaye
Read moreIRP5 FAQs
What is an IRP5? An IRP5 is the employee's tax certificate that is issued to him/her at the end of each tax year detailing all employer/employee related incomes,
Read moreWho's (Legally) Allowed to File Your Tax Return?
Tax isn’t the easiest of subjects to navigate. Besides the long list of legalese to master, there’s the fact that tax legislation(endpreview) evol
Read moreContract Workers FAQs
Contracting Benefits vs Salary? You will still be able to claim deductions for medical, travel and RA directly regardless of how you are earning income. Contract
Read moreRetirement Funds Tax Laws Effective 1 March 2016 - How SARS’ New Changes Affect You!
If you’re diligently putting money away for your retirement in the form of a pension, provident fund or retirement annuity, you may be curious – per
Read moreThank you Minister – we expected worse! 2015 Budget
New Finance Minister Nene delivers his first budget with some “better than expected” tax increases. The fight against corruption was highlighted wit
Read more2014 Budget – A move to economic transformation
In delivering what could possibly be his last annual budget and perhaps in an election year a very pragmatic one, Minister Pravin Gordhan painted a rather posit
Read moreSARS Tax Tables for 2014
Tax rates for Individuals and Trusts Income tax rates: Natural persons (that's you) and special trusts. 2013 tax year: 1 March 2013 - 28 Feb 2014. Individuals
Read moreThe effect of the 2013/14 annual budget speech on the average South African taxpayer
It was with great enthusiasm that we at TaxTim awaited delivery by the Minister of Finance of his annual budget speech this afternoon, especially after some of
Read moreSARS Tax Tables for 2013
Tax rates for Individuals and Trusts Income tax rates: Natural persons (that's you) and special trusts. 2013 tax year: 1 March 2012 - 28 Feb 2013. Taxable
Read moreHow to manage your tax affairs running a business in your own name as a sole-proprietor
South Africa is brimming with entrepreneurs and small business owners who keep the economy running. These people may or may not be earning a regular salary too,
Read moreSARS is asking for more documents. Are they auditing me?
For most people upon submission of their year-end income tax return, either nothing much will happen or a refund will be due, this being paid back within a matt
Read moreHow do I calculate my earnings after tax? Try our income tax calculator
Most employees negotiate their salary based on the gross amount (or cost to company) - the whole amount paid by their employer. Since income tax is deducted fro
Read moreNew tax credit to replace medical aid deductions in post 2012 Tax Year
The 2012 tax year has almost come and gone, and being annual budget time, anxious taxpayers are unsure what to expect. Is there any room to be taxed further? Al
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