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Small business

Posted 1 March 2016 under Tax Questions



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Ashley says:
26 February 2016 at 23:55

I run a small business from home and make about R40 000. 00 a year. I only pay insurance and maybe cell. So what is my draw for provisional tax. And how much tax would business pay.

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TaxTimTaxTim says:
29 February 2016 at 10:36

Is your business registered as a company (pty) or do you operate as a sole proprietor i.e in your individual capacity


Ashley says:
29 February 2016 at 10:44

I am not registered at all and SARS want tax returns for 4 years.Business has done well below tax paying limit.I am more worried abt provisional tax for myself.The charge for tax on ur site is that once off payment or for each tax year submitted


TaxTimTaxTim says:
29 February 2016 at 11:24

If you operate as a sole proprietor (i.e. not through a company), the business profits would be included in your own tax return. The tax threshold for individuals is R73,650 per year so there is no tax payable if you earn below this amount.

The fees on our pricing page is per tax return (per year).


Ashley says:
29 February 2016 at 11:29

So when I am ready u can help fill in and post tax return. I have a debit card can I pay with that


TaxTimTaxTim says:
1 March 2016 at 9:24

Unfortunately, you cannot pay with a debit card. We accept EFTS or Cedit Card/ Cheque card payments.
Once you have made payment, our online digital assistant will guide you through the process to complete your tax return and submit to SARS.


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