Freelancers and Independent Contractors & Tax

Earning additional income from a side business? Freelancing and not sure how to approach your tax obligations to SARS? Not sure what income to declare or business expenses to deduct?

More people are finding themselves outside the permanent labour force and are conducting their work removed from the traditional employer-employee relationship.

The employment landscape increasingly includes freelancers, independent contractors, personal service providers and part-timers, bringing with it a whole range of complex tax rules that can make life quite difficult if not applied correctly.

Join us for this NEW Freelancers and Independent Contractors and Tax Course, where we will explore the following topics.

Topics Discussed:

• Know what kind of business you are running –
• Sole Proprietor
• PTY LTD
• Partnership
• CC
• Independent contractors or freelancers
• Small Business Corporation
• Provisional Tax and Turnover Tax
• How are you taxed on your 'side business'
• Types of expenses claimed as deductions
• Benefit from home office tax deductibles
• Home office deductions and the impact on Capital Gains Tax
• How to complete your income tax return
• Maintaining an income statement
• Claims against Travel Costs and the importance of a Travel Log Book
• Caution in accepting Auto-assessments from SARS