FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


WHAT ARE DEDUCTIBLE EXPENSES FOR SELF-EMPLOYED SURGEONS

Posted 15 November 2014

I am a self-employed surgeon in the private sector. My business is my primary source
of income with most expenses [ including the astronomical amount for my insurance!] being
covered by it.

How do I fill in my tax return? What can my deductible expenses be? I travel to congresses
regularly and cover most of those expenses on my own.

When I was employed in the state sector it was much easier with my IRP5 Form.

TaxTim TaxTim says:
17 November 2014 at 17:25

You need to keep proper records of all incomes and expenses and you are able to deduct all your work related expenses. You will need to file 3 returns a year being two provisional returns and one final return. Please read our article on What is Provisional Tax? How and when?

You would then complete your final return using the "local business income" section and include all incomes and expenses there. Remember that all expenses relating to business are deductible.

You also need to get a a SARS income tax number, which we can supply the forms if you have not already.



Tax Season closes 21st November 2014 - take advantage of our final week 25% off voucher code ACB6ACD2B76A when purchasing any of our packages upfront. Visit our Pricing Page

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




Submit your tax return right here!
Get started

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund
Answer simple questions about your incomes and expenses. TaxTim does the rest. Just click click, submit.

Make tax easy

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.