Do I Need to Pay Tax for My Side Hustle? [SA Tax Guide for Sole Traders] скачать в хорошем качестве

Do I Need to Pay Tax for My Side Hustle? [SA Tax Guide for Sole Traders]

Everything you need to know about tax if you're running an online store as a side hustle in South Africa. In this short interview with a registered South African tax consultant, we break down the most common questions that new online sellers ask when they're just getting started — especially those running things under their own name or personal bank account (i.e., as a sole trader). 👇 What's covered in this interview: ✅ Is it legal to run a business under your own name? ✅ How does SARS classify side hustle income? ✅ Do you need to register for tax if you already have a salary job? ✅ Which tax returns do you need to submit (and when)? ✅ Can you do this yourself or do you need a tax consultant? ✅ What records must you keep (and for how long)? ✅ What expenses can you deduct from your income? ✅ Do you need a business bank account? ✅ Can you claim a portion of your rent, WiFi or electricity? ✅ What are the risks if you don’t declare your income? ✅ Best tools for tracking your income and expenses ✅ The most common tax mistake new sellers make ✅ One piece of advice for anyone starting a side hustle 🎓 Learn more at https://insaka.co.za 🎓 If you'd like to hire Rod's professional tax practitioner services then you can contact him via rodneykernes@gmail(dot)com 💬 Got questions? Drop them in the comments!