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Can I give myself a salary if I run a sole proprietor?

Posted 12 March 2013 under Tax Q&A


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I just need to find out if I can deduct a salary for myself as a business expense? please can you assist.

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.

TaxTim TaxTim says:
12 March 2013 at 14:30

As a sole proprietor you would pay tax on the net profit in your personal name so there is no need to take a salary as it would amount to the same thing.


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