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Is a sole proprietor a business?

Posted 11 November 2015

Polisa said:
11 November 2015 at 13:21

If I earn income as a sole proprietor for doing admin and accounting work am I considered to be running a business?

TaxTim Marc TaxTim Marc said:
11 November 2015 at 15:42

Yes, you would be considered to be running a business. If your total earnings for the year are over the tax threshold of R73,650 per annum, you would need to register for provisional tax and complete a Provisional Return twice a year.

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