Sole Trader Tax

[ericswanepoel777]

I am employed at a company where I pay PAYE/SITE tax which is deducted from my monhtly salary. I want to start my own small business which I will run from home.

I am in the process of registering a defensive name under which I will trade.

My questions are:
1- Do I need to register the business for Turn Over Tax with Sars?

2- How does having a sole trader business affect my own tax?

Any help will be appreciated?

[Newretailer]

Eric, I am going by what I did when I went that route some years ago. I registered as a provisional tax payer. I filled in one tax return, including both the salary and the small business. My employer continued to deduct tax and provided me with an IRP5, which I handed to my accountant together with the business income and expenses.

I don't think you can register for turnover tax as you get income from two different sources.