Commission Earners & Tax Self-Study Course

Does 50% or more of your total remuneration consist of commission earned?

Did you know that as an employee, you are entitled to claim business expenses against commission income recorded under code 3606, should it be more than 50% of the total remuneration on the IRP5?

Not sure what business expenses to claim?

In many ways, the deductions for business expenses available to these commission earners are similar to those available to individuals who are sole proprietors or independent contractors.

During the course the following Topics are covered:

• Who is a commission earner
• Remuneration subject to PAYE, on the payment basis
• How to apply for a tax directive
• Types of expenses claimed as deductions
• Formulas for Calculating Tax on Commission
  • Aggregated Annual Taxable Income
  • Tax Directive
  • Annualised Amount of Tax Payable
• Home office deductions and lockdown
• Home office deductions and the impact on Capital Gains Tax
• How to complete your income tax return
• Maintaining an income statement
• Claims against Travel Costs and the importance of a Travel Log Book
• Caution in accepting Auto-assessments from SARS