▲ 10 r/PersonalFinanceZA
R 2.3 million gross turnover for small businesses.
Need some info here please.
As a small business owner is there ways to claim money tax free as business expenses to stay under this threshold?
Can I rent out my vehicle that the business uses?(Hyundia H100)
I work from home so can I rent a part of my house out to the business as office space monthly?
If I get a petrol card can I deduct that money spent also tax free?
Can my business pay apart from my salary a amount into my TFSA and call it a 'pension fund" contribution?
When net profits are low any advice will be appreciated.
u/ConsiderationLow5797 — 5 days ago