Filing taxes for your business can be a daunting task, but with the right guidance, you can navigate the process smoothly and accurately. In this comprehensive guide, we'll walk you through the steps to file your own business taxes, helping you understand the key concepts and requirements along the way.
Whether you're a sole proprietor or a small business owner, this guide will provide you with the information you need to confidently handle your tax obligations.
In this article you will learn:
- Understanding Business Tax
- Sole proprietor or company?
- Sole traders
- Registered companies
- SARS
- Getting registered for tax
- Understanding tax basics
- What tax you need to pay
- Income tax, annually. (All businesses)
- Provisional tax, twice or three times yearly. (All businesses)
- Employees’ tax (some businesses)
- Directors’ remuneration (all businesses)
- Turnover Tax: Relief for micro business
- How to pay turnover tax?
- How to submit a company tax return on eFiling?
- Submit a company tax return on eFiling in 3 steps
- Additional guidance for filling out the ITR14 form