I regret that's out of my experience
I regret that's out of my experience
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mummy60 (01-Sep-11)
thanks for the other help you gave
hi all.
i have a question about efiling. again.
i filed an tax return to sars and recently got the statement of account (itsa34).
now it says R-3204.12
just to be sure. must one pay in to sars or get back ? silly q i know :O
also. i want to start a company soon. unclear about taxes on the goods i sell though.
do you add vat to the goods and pay that vat amount per item to sars ?
not very good at the taxes.
your help will be appreciated.
k
The (-) sign indicates a refund ............... that is good!
In terms of VAT and the goods that you buy and sell, you will first need to register for VAT with SARS. Check the VAT vendor guide on the SARS website, it really explains everything and gives practical examples.
hi mike
Thankss ! usually when i see i minus i get worried. lol.
will browse through the sars website for the vat info. thanks again
k
Hi
I know for VAT purposes entertainment client or staff is not claimable (unless away from home for a night) but for the purpose of deducting for income tax is it deductible? my thoughts would be client yes but staff no. but i could be wrong ..... thank you
Certainly any expense deemed to be of a business nature can be deducted as an expense from an income tax perspective. I'm not sure what you mean by 'staff' expenses though?
Hi eitai2001
Please see my question earlier today.
Perhaps you can shed some light?
GJC
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