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Thread: Tax on new business

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    Tax on new business

    I have been running a small business from my home in my spare time for almost a year now and not making much,but it is slowly growing and i would like to know if can do the tax return on my wife's personal income tax number because she does not earn that much.Can i do this or what must i do because i do not want to be on the wrong side of SARS?

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    Hi sorry guys for my rudeness i did not greet you guys and just fell in the house with my question.I'm really sorry for that.Hello every body!

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    Welcome to TFSA.

    There are ways to reduce tax legally. What legal entity do you trade in? Is your wife a member if its a cc for example? By splitting your income, you may reduce your liability. The tax gurus here will be able to give you better information.
    Excellence is not a skill; its an attitude...

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    Thanks Blurock I'm trading as a catering business under my surname and just want to know can i put this small amount of money we making under my wife's income tax number and what kind of documentation is required to do so,because we only have a very simple way of doing business.We have an order book and a collection book and in the order book i attach my invoices and petrol slips.The business is growing and most of the profit gos straight back in and i just want to be on the right side of the law.Any help in this matter will be appreciated.

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