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Personal tax of small business owners?

Posted 7 October 2013 under Tax Q&A


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Hi Tim. I have a trading business registered as a Pty Ltd that I started this year. The company only makes enough to cover its costs as it is still in its startup phase. I do not pay myself a salary as I do not have much in the way of living expenses. How would I treat my personal tax return?

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TaxTim TaxTim says:
8 October 2013 at 13:48

The separate business is not in your name and if you do not take a salary or declare dividends then you need not show any income on your personal return.


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Let TaxTim
help you
submit your
Tax returns!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started