I have been freelancing for local and international companies for a few months. I need to get my tax admin sorted out. I work from home and am on my husbands medical aid.
Where do I start and how do I maintain all my information that I need to? I'm happy to set up Excel docs to keep records. I'd like to know what I should be keeping records of, where I can benefit from tax refunds, and what expenses I can set against the business. Do you have any templates I could use?
Also, when I earn $ - is there anything special I should be doing?
All expenses related to earning the income will be allowed as a tax deduction, but you must keep records in case SARS requests proof. If you are on your husband's medical aid then your husband will claim this tax credit.
When it is time to complete your tax return, register at TaxTim and answer our simple questions one-by-one to have your return completed for you.