Where do you include deductions in terms of a business as a sole proprietor?
By Evan Robinson · Updated
I know a medical practitioner who in addition to working at a hospital, started their own private medical operations in Jan. As a sole proprietor, I understand that the profit/loss should be included in their personal tax return.
Where on their tax return should they fill in deductions of expenses incurred in the production of income ito the practice?
Where on their tax return should they fill in deductions of expenses incurred in the production of income ito the practice?
They would need to complete the Business Income section of the tax return. Ask them to Register for TaxTim and let us help complete and submit their tax return to SARS.