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Setting up small business while employed

Posted 13 April 2016 under Tax Q&A


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Justin says:
12 April 2016 at 19:12

Can I set up a small business while still employed? The business doesn't do work that conflicts with current employer.

This entry was posted in Tax Q&A and tagged , , . Bookmark the permalink.

TaxTim TaxTim says:
13 April 2016 at 9:46

It is fine from a tax perspective as long as you are declaring your business profit and are fully compliant with SARS.
However, you would need to check first with your employer to ensure there is no conflict of interest and nothing prohibiting you from engaging in other work while employed.


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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