I am unemployed and would like to start a small business. I am planing to open a business bank account under (CT Plumbing). Sole Priority. 1.) Do I have to get a new tax number from SARS for this business or can I use my tax number when I was still working for a company? 2.) If so how many tax numbers should I have? for example one for my business and one for me?
You should only have one tax number, this would be for your personal use and if you start a business and run it through your name and not a company then you would file the one return and include this information on it.
You would only need to include this information next year in the 2015 returns, not the current filing season.
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