I don't think you understand how much your channel helped me, many black young professionals or newly graduated students, or recently hired professionals don't get the financial education that we need - to make informed financial decisions. You are doing the Lords work, and I hope this channel reaches as many people as possible...
@@bensenzo i hear you but I want to be able to read the paper and understand what it says to me, you telling me what it basically says is not teaching me how read it with understanding or giving me an understanding hence my request in the first place.
BE CAREFUL OF TAX SCAMS ⛔️ hey guys there are a lot of scammers sending false smses right now telling you you have a refund. Please be careful ⚠️ Do not click on any links via sms ⚠️ Do not submit any card details on websites ✅ Log in via official SARS efiling website secure.sarsefiling.co.za/landing to check your refund / auto assessment status OR ✅ Download SARS MobiApp on google play store / AppStore to check your status Any refund you receive does NOT require you to first pay anything. Not everyone will receive a refund. Contact SARS for any assistance (not me).
Can you please make a video on how to keep track of your expenses and income (as a provisional tax payer) to keep it easy for returns, and how to do the return? 🙏
hey just wanted to say that you are a life saver,amazing video 👏👏👏👏👏,thank you very much for this.can't wait for the updated one on the numbers to put the amount next to. great work that you are doing. 🙌🙌🙌
Very professional and informative video, thank you! 1 Question - In the 2024 tax period I was employed for 6 months (received IRP5) and unemployed for 6 months receiving UIF benefit as an income. Are the UIF payments I have received regarded as taxable income ?
SARS auto assessment said I owe sars over 14000. Last year they made me pay over5000. question is how do I get to owe so much tax when I got only one source of income and my expenses are taxed through my employer?
Thank you for this content. I've already subscribed! I was just telling a friend recently that this is the knowledge that needs to be taught in schools. How do we get you in contact with Dept. Of Education? 🤔
Hey. Informative video. I have a little question, I have medical aid my saving depleted and I paid cash for my medication. The pharmacist gave me a piece of paper and told me to use it when filing for my tax, when do I submit this if I'm auto assessed
Beautiful you are a life saver. Quick Q...Is it 72 business hours or 72 normal hours for the refund to be paid? I received the notification of Friday evening.
I’ve been getting correspondence from SARS for 3 years now. I paid them R5000+ to settle what I owed, but I still keep getting the correspondence and now it’s back up into the thousands. I don’t know what they want or what to do. It just keeps increasing
Hi Nokuhle, I've heard that if you have a retirement annuity from a 3rd party chances are you'll get a refund. Is that true and if so how does that work? Also overtime which is already taxed does that affect your tax bracket
Hello, I have just watched your post, thank you,awesome. Please tell me ,my husband is a pensioner, he got a message that they auto assessed him but nothing has come through? Is this correct? Thank you
My auto assessment was reflecting that they owe me 4700 and I owe them R250 so they said they will take R250 from my refund. I checked again and the refund was reduced to R4400… now when I check it says R0.00 and I have not received any money 😩😩 please help.
My refund is kept on hold because of outstanding documents but I struggle to upload them on sars portals because it says it requires a case number, which I don't have. Please assist
Good morning Nobuhle, I have received money from Old Mutual, but SARS says I must wait till next year to receive it. I won’t submit anything next year because I am not working. Is there anything that I can do to get the money.
As stated in your video that if you haven’t worked a full tax year you could get a refund. This is the case with me. I was worried that SARS made a mistake and that I should be cautious about using the refund money. Could SARS come back in the following year and claim back that amount?
Hi Nokuhle, tell me.. if SARS request my outstanding returns of eg: 2017 and my IRP5/IT3 information is missing on my efiling profile who to call from my Employors 1st Employer i worked from 4 July 2016 - 29 Sep 2017 2nd Employer i worked from 2 Oct 2017 - 30 Sep 2018 Who to call between the two Employers to inquire about the missing information? And who is responsible to fill all those info as i noticed they already filled when you submit your returns online.
Liked and subscribed. 11:10 if you are getting rental income in your personal capacity what landlord costs can you offset before tax? Agency fees/commission for letting & managing property, maintenance, rates on the value of the property or levies in the case of sectional title, mortgage interest? Can you offset any acquisition costs if it was a buy to let property? If you have covered this elsewhere please kindly redirect.
Acquisition costs are not deductible however they are added on the base cost of the asset you can read more on this here www.sars.gov.za/types-of-tax/capital-gains-tax/assets-subject-to-cgt/base-cost/
I have 1 Q to ask, if SARS does an auto assessment and statement shows a refund to you from SARS for 2024 assessment, how long do they take to action the payment. I think the auto assessment is running till the 15th July 2024. If you have changed your banking details and your old account on your SARS profile is closed, do u know the process to add the new banking details ?
I tried doing the efiling using your past video, they just requested for my bank statement, ID, proof of address and a photo of myself holding my ID, they didn't ask for my irp5, I've been waiting for correspondence since the 16th. Is there anything wrong I did?😭
I have always owed sars. For the past 2 years I've been automatically assessed and even with that I owe. Please advise what may be wrong? I have 6 dependents on my medical aid and I work for govt . Please help
Hi Nokuhle, i received 2 semses " A Statement of Account has been issued on SARS eFiling" But nothing is showing when i click 2024 returns. It displays the message "you will be able to retrieve on the 15th July"
Please explain where exactly on the app or website I go to see whether I owe or not. Please because I have checked assessment status, but it does not give me that information.
I have changed my banking details a day after the mail via the e-filing website after a day of receiving an email that I am being auto assessed , so my question is will they pay to the new bank account?
Hi Nokuhle, thanks Sis for the video, very helpful..... last period they rejected my Sars filling , n Now for this period an auto assessment was done, they want me to go to the branch to sort out last period. Can I go this week or only when they open? Do I just walk in? Thanks
Question, I live in a house with friends, we split the rental equally and they transfer their portion of the rental to me which I then in turn pay to the agency managing the property. Does this need to be declared and if so how would I do it?
Hi Nokuhle how do you update if you submitted wrong I declared that I have retirement annuity instead of provident fund and the correction icon shows a pop up that I can’t change anymore
Being auto assessed does not automatically mean you will get a refund. It just means your tax information has been collected and pre- populated for you. You need to login to filing check all the pre populated info is correct. If sars owe you, you should have a - balance and if you owe them it will be +
Hey can you please explain how this situation works. I have two incomes coming into 2 different banks. SARS Is Auto assess 1 income. Is it possible to submit both banks coz i pay tax twice .
Hi good day,can you please help me i need to know the difference between credits and adjustments for example assessed tax after rebate shows R1000 credits and adjustments show -R1000 what does that mean please coz to my understanding if theres a negative amount then sars owes me
I don't think you understand how much your channel helped me, many black young professionals or newly graduated students, or recently hired professionals don't get the financial education that we need - to make informed financial decisions. You are doing the Lords work, and I hope this channel reaches as many people as possible...
Thank you for this video. I got auto assessed and did not know what to do. U cleared things up and took some stress away.
If you do a video on reading and understanding an iRp5, it would be so helpful.
Yes Yes Yes Pleeeeease !!!!
It's basically all the money your employer pays to SARS. Broken down
@@bensenzo i hear you but I want to be able to read the paper and understand what it says to me, you telling me what it basically says is not teaching me how read it with understanding or giving me an understanding hence my request in the first place.
@@melusisikhakhane6949 You can download the tax guide it has a breakdown of what the SARS IRP5 codes mean
@@nicolamaseko4909😅
BE CAREFUL OF TAX SCAMS ⛔️
hey guys there are a lot of scammers sending false smses right now telling you you have a refund. Please be careful
⚠️ Do not click on any links via sms
⚠️ Do not submit any card details on websites
✅ Log in via official SARS efiling website secure.sarsefiling.co.za/landing to check your refund / auto assessment status OR
✅ Download SARS MobiApp on google play store / AppStore to check your status
Any refund you receive does NOT require you to first pay anything.
Not everyone will receive a refund.
Contact SARS for any assistance (not me).
Can you please make a video on how to keep track of your expenses and income (as a provisional tax payer) to keep it easy for returns, and how to do the return? 🙏
hey just wanted to say that you are a life saver,amazing video 👏👏👏👏👏,thank you very much for this.can't wait for the updated one on the numbers to put the amount next to. great work that you are doing. 🙌🙌🙌
Thank you so much for all this information. Your time and all the effort you put into this is highly appreciated. ☺☺☺
These are so informative! Thanks Nokuhle!😊
Thank you Nokuhle! Just the advice I needed!
You are fanstastic. So glad I found you. This is an important service you are offering.
So clear and informative you've just a subscriber 😊💯
You always come through for us. Thank you❤
Very professional and informative video, thank you!
1 Question - In the 2024 tax period I was employed for 6 months (received IRP5) and unemployed for 6 months receiving UIF benefit as an income. Are the UIF payments I have received regarded as taxable income ?
Looking forward to the video. I was not selected to get auto assessment coz apparently I have additional information. What information !! Yho hai
Finally some informative content in my recommended!!
You always share invaluable info lady. Thank you.
Damn. .. concise and too the point. I'm a fan❤❤
Very informative 👍... Please do a video about Forex and how it works, the dos and don'ts about it. Basically every myth and fact about forex.
You're truly amazing for this video 🤞🏽🌼
Please do a detailed video on how forex traders/influences/ self employed people can go about taxes
Awesome. Thank you. 🙏🏾
Thank you very much. When I see SARS sms's I panic.
Thank you Nokuhle
Thank you so much for this video, its so informative
Thanks my dear. This was very helpful❤
Thank you very much. Very informative video 🔥🔥❤️❤️❤️
Awesome, informative videos ❤
SARS auto assessment said I owe sars over 14000. Last year they made me pay over5000. question is how do I get to owe so much tax when I got only one source of income and my expenses are taxed through my employer?
Get yourself a consultant
Do you have taxable benefits such use of motor vehicle or a travel allowance?
Thank you so much 🙏
Thank you so much, this was helpful ❤
Thank you for this content. I've already subscribed! I was just telling a friend recently that this is the knowledge that needs to be taught in schools. How do we get you in contact with Dept. Of Education? 🤔
Thank you thank you thank you!!!
You’re heaven sent ❤
Hey. Informative video. I have a little question, I have medical aid my saving depleted and I paid cash for my medication. The pharmacist gave me a piece of paper and told me to use it when filing for my tax, when do I submit this if I'm auto assessed
It worked as you said I got the refund although I would have preferred it to be sent to a different bank account
You are really helpful ❤
I did receive email about assessment. Thank you 🙏
So wish I can get a guide from the beginning of e-filing
Thank you for this mama❤
Beautiful you are a life saver. Quick Q...Is it 72 business hours or 72 normal hours for the refund to be paid? I received the notification of Friday evening.
This is helpful. Thank you
Very insightful
Super insightful !
THANK YOU VERY MUCH🎉🎊, I ENJOY AND UNDERSTAND YOUR CONTENT , PLEASE I HAVE BEEN REQUSTED A VIDEO TO HELP US TH-camRS ON OUR TAX PLEASE
Keep up the videos. Listen to the people in the comments. They will help you to become the Tax Doctor 😀
Hello Nokuhle, thank you for your video, it is much appreciatted. What do we do if the Bank details are incorrect on the auto-assesment?
I have a small credit after auto assessment. Money not paid after 72hours, it's 2 weeks now
I’ve been getting correspondence from SARS for 3 years now. I paid them R5000+ to settle what I owed, but I still keep getting the correspondence and now it’s back up into the thousands. I don’t know what they want or what to do. It just keeps increasing
Have you considered going to your nearest SARS branch to make enquiries 😊
You're a lifesaver ❤😘
Thank you.
Hi Nokuhle, I've heard that if you have a retirement annuity from a 3rd party chances are you'll get a refund. Is that true and if so how does that work? Also overtime which is already taxed does that affect your tax bracket
Your video is straight forward. I will subscribe to your channel
Thank you❤
Who is stuck on the verification of banking details step.😢? How long does it usually take?
Thank you
Hello, I have just watched your post, thank you,awesome. Please tell me ,my husband is a pensioner, he got a message that they auto assessed him but nothing has come through? Is this correct? Thank you
In that 72 hours waiting period... are weekends considered?😅
No
😂😂😂😂
SARS once paid me on Saturday so its possible.
Dl@@aprilmotau-pm6gr🎉
Good question😂😂😂 Auto-Assessed on Thursday, been waiting 😩 I guess weekends are out ke! Or perhaps lemme wait, we shall see😅
ive worked for 1 company for 7 years i have never received any tax refunds nor owe SARS
Is your company not submitting sars details on your behalf? You better check, you might end up owing
Get a consultant. I used tax time. One year and they are good. Google them
My auto assessment was reflecting that they owe me 4700 and I owe them R250 so they said they will take R250 from my refund. I checked again and the refund was reduced to R4400… now when I check it says R0.00 and I have not received any money 😩😩 please help.
don't just look at the top check your entire statement of account it will show you when you refund will be paid out.
I think they dont adhere to the 72 hours cause some people havent received their refunds as yet.
Thank you sist Kumalo
What if you've submitted your tax returns and have been calculated but nothing shows on your ITR34
My refund is kept on hold because of outstanding documents but I struggle to upload them on sars portals because it says it requires a case number, which I don't have. Please assist
Good morning Nobuhle, I have received money from Old Mutual, but SARS says I must wait till next year to receive it. I won’t submit anything next year because I am not working. Is there anything that I can do to get the money.
MY SISTER IF YOU CAN HELP WITH THE REAson why are the tax returns so low now , they literally gave back what they take from me a month...
As stated in your video that if you haven’t worked a full tax year you could get a refund. This is the case with me. I was worried that SARS made a mistake and that I should be cautious about using the refund money. Could SARS come back in the following year and claim back that amount?
The pensioner earnings is less than 150,000 per anum of we get any refund , if one has medical aid probably been sick all ghe time.
And what will happen if I consider this to "constitute financial advice"?
Is like saying my TH-cam video does not constitute a tv programme.
Hi Nokuhle, tell me..
if SARS request my outstanding returns of eg: 2017 and my IRP5/IT3 information is missing on my efiling profile who to call from my Employors
1st Employer i worked from
4 July 2016 - 29 Sep 2017
2nd Employer i worked from
2 Oct 2017 - 30 Sep 2018
Who to call between the two Employers to inquire about the missing information?
And who is responsible to fill all those info as i noticed they already filled when you submit your returns online.
Liked and subscribed.
11:10 if you are getting rental income in your personal capacity what landlord costs can you offset before tax? Agency fees/commission for letting & managing property, maintenance, rates on the value of the property or levies in the case of sectional title, mortgage interest? Can you offset any acquisition costs if it was a buy to let property? If you have covered this elsewhere please kindly redirect.
Acquisition costs are not deductible however they are added on the base cost of the asset you can read more on this here www.sars.gov.za/types-of-tax/capital-gains-tax/assets-subject-to-cgt/base-cost/
Why have I been audited twice by SARS during tax season?
I have 1 Q to ask, if SARS does an auto assessment and statement shows a refund to you from SARS for 2024 assessment, how long do they take to action the payment. I think the auto assessment is running till the 15th July 2024. If you have changed your banking details and your old account on your SARS profile is closed, do u know the process to add the new banking details ?
But if the bank account is closed, how can you say somebody else will get lucky ? Can a closed bank account be allocated to someone else ?
Please explain "playing with numbers"
Falsifying information (defrauding SARS) 😂. Not to be done. Their arm is too long
I tried doing the efiling using your past video, they just requested for my bank statement, ID, proof of address and a photo of myself holding my ID, they didn't ask for my irp5, I've been waiting for correspondence since the 16th. Is there anything wrong I did?😭
I have always owed sars. For the past 2 years I've been automatically assessed and even with that I owe. Please advise what may be wrong? I have 6 dependents on my medical aid and I work for govt . Please help
Hi Nokuhle, i received 2 semses " A Statement of Account has been issued on SARS eFiling" But nothing is showing when i click 2024 returns. It displays the message "you will be able to retrieve on the 15th July"
Please explain where exactly on the app or website I go to see whether I owe or not. Please because I have checked assessment status, but it does not give me that information.
Is it possible that I can calculate my PAYE,if yes than how?
Hi, very helpful video thank you. Does 1 have to upload documents of a money maximizer account as well?
Your bank will forward your interest earnings directly, which will be taxed for that period
Is an IT88 deduction on my salary negotiable for a reversal by SARS?
I have changed my banking details a day after the mail via the e-filing website after a day of receiving an email that I am being auto assessed , so my question is will they pay to the new bank account?
Hi Nokuhle, thanks Sis for the video, very helpful..... last period they rejected my Sars filling , n Now for this period an auto assessment was done, they want me to go to the branch to sort out last period. Can I go this week or only when they open? Do I just walk in? Thanks
Question, I live in a house with friends, we split the rental equally and they transfer their portion of the rental to me which I then in turn pay to the agency managing the property. Does this need to be declared and if so how would I do it?
Why would it say, you some return but it say awaiting approval, what does this mean?
This is innovative of SARs, but still, it's SARs, a billion things will definitely go wrong.
They've been doing it for a few years now. It's not like its a trial run
Hi Nokuhle how do you update if you submitted wrong I declared that I have retirement annuity instead of provident fund and the correction icon shows a pop up that I can’t change anymore
Why would i get R5800 in 20230 and now 2024 i only got Ro.36?😢
Girl last year I got 13k and this year 4k🥲
Thnk you
Okay sharp, I got auto assessed, when can I expect the money in my account?
Being auto assessed does not automatically mean you will get a refund. It just means your tax information has been collected and pre- populated for you. You need to login to filing check all the pre populated info is correct. If sars owe you, you should have a - balance and if you owe them it will be +
S/o to you Mam❤
Please help me. I am in the app trying to locate where I can dispute or reject this assessment, but I can't find it.
Side hustle I need it I am currently unemployed
Hey, thank you for the info. On FAQ; How does it happen when they say i owe sars however an auto assessment has been done since on my profile?
What must I do if I want to update my cellphone number en banking details
Dope
Please help, can I upload documents ( ID, bank statement) without IRP 5 since am not longer employed?
Hey can you please explain how this situation works. I have two incomes coming into 2 different banks. SARS Is Auto assess 1 income. Is it possible to submit both banks coz i pay tax twice .
Please add bookmarks
Hi good day,can you please help me i need to know the difference between credits and adjustments for example assessed tax after rebate shows R1000 credits and adjustments show -R1000 what does that mean please coz to my understanding if theres a negative amount then sars owes me