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Self employed income

Posted 23 June 2015 under Tax Questions


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Consultant X says:
20 May 2015 at 10:05

I was full time employee for the first six months, and then changed to self-employed contractor issuing an invoice to a seperate but related entity. What are the deductions I can claim against income invoiced?

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TaxTimTaxTim says:
20 May 2015 at 10:07

Do you still only receive income from that one company or do you work for others and receive additional income?


Consultant X says:
20 May 2015 at 10:14

I also am sole shareholder in a transport company, but do not draw a salary. Payments to myself charged against credit loan account


TaxTimTaxTim says:
21 May 2015 at 12:08

The company will be able to claim all the costs of doing business which it incurs in earning that income.


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