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SME Tax

Posted 30 March 2016 under Tax Q&A


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The says:
28 March 2016 at 18:15

Do you also do small business tax? How much would cost for a small business tax? can I hire my unemployed family and friends and deduct their salaries from my revenues? And what would constitute proof of employment of these friends to SARS?

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

TaxTim TaxTim says:
29 March 2016 at 12:58

Do you mean to employ them and hire them for work done?

The says:
29 March 2016 at 16:57

Yes. And how much is it to do my small business tax filling?

TaxTim TaxTim says:
30 March 2016 at 8:47

We don't currently do Small Business Returns, we will be providing this service in the coming months. You will only be able to hire and pay these family members if they are actually working for the company and then the salary you pay them cannot be more than market related. Proof would be contracts of employment and if SARS really wants to check they will do spot inspections to see that they are actually performing work.


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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