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How to start a small family business legally?

Posted 29 October 2013 under Tax Q&A


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I would like to start a small company/business, mainly selling parts for home/small office computers in South Africa. I will also sell my service of assisting to fix PC's. How to I go about registering, and what would I register the business as? Are there fees involved and or TAX/VAT registration needed?

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TaxTim TaxTim says:
29 October 2013 at 18:21

You need to register a company with CIPC which can be done using an agent or by yourself by going to www.cipc,co.za.

After you have a company registered you would need to register with SARS for Income Tax and only for VAT if you wish to voluntarily after producing invoices of R50 000 or more or when your Turnover exceeds R1 000 000 per year.


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Blog Categories


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