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Reg sole proprietorship with SARS? or add earnings to personal tax.

Posted 23 June 2015 under Tax Q&A


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Nicnic1961 says:
5 June 2015 at 7:57

I run a very small business (less than R5000 per month) as a sole proprietor in addition working another job. Do I have to register the small business with SARS and do I need to pay taxes each quarter or annually adding both jobs together?

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TaxTim TaxTim says:
5 June 2015 at 8:00

No you do not need to register the business with SARS, you will include that additional income and expenditure in the tax return you submit to SARS as normal. If you make a profit from this business of more than R30 000 each year then you need to register as a Provisional Taxpayer


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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