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Do I qualify as a small business corporation?

Posted 16 November 2015 under Tax Q&A


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Nicki says:
16 November 2015 at 13:44

Hi Tim,
I am a photographer and I have my own company set up from which I invoice my clients. I am confused as to whether or not I qualify as a small business corporation due to the nature of my business? I did your online test and from what I can see "photography" does not fall into one of those categories - am I correct?
I have one full time, un related employee and not more than 80% of my income is from one person.

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TaxTim TaxTim says:
16 November 2015 at 16:24

As long as the photography services you provide is in no way linked to the field of journalism, then it sounds like your business would qualify as a SBC (assuming you are clear on all your other answers in the online test).


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Small
Business
Tax Returns
Made Easy


TaxTim will help you:

 Do Your ITR14 Tax Return without a Tax Expert
 Claim for all the Deductions your Business Qualifies for
 Turn your Accounting Records into a Tax Return

TaxTim asks you simple questions about your business, then processes your answers and completes your ITR14 business tax return instantly.

Get started