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Sole proprietor registration and tax returns

Posted 11 January 2016 under Tax Questions



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Tess says:
10 January 2016 at 17:42

Where do I register as a SP?
What type of expenditure must I submit during the tax return season?

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TaxTimTaxTim says:
11 January 2016 at 9:09

You do not register as a sole prop, you are effectively trading as yourself and will pay tax on the profits from your business in your own name. You can claim any expenses you incurred in earning that income as a sole prop against that income.


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