Do I Need to Pay Tax for My Side Hustle? [SA Tax Guide for Sole Traders]

Описание: Everything you need to know about tax if you're running an online store as a side hustle in South Africa.

In this short interview with a registered South African tax consultant, we break down the most common questions that new online sellers ask when they're just getting started — especially those running things under their own name or personal bank account (i.e., as a sole trader).

👇 What's covered in this interview:
✅ Is it legal to run a business under your own name?
✅ How does SARS classify side hustle income?
✅ Do you need to register for tax if you already have a salary job?
✅ Which tax returns do you need to submit (and when)?
✅ Can you do this yourself or do you need a tax consultant?
✅ What records must you keep (and for how long)?
✅ What expenses can you deduct from your income?
✅ Do you need a business bank account?
✅ Can you claim a portion of your rent, WiFi or electricity?
✅ What are the risks if you don’t declare your income?
✅ Best tools for tracking your income and expenses
✅ The most common tax mistake new sellers make
✅ One piece of advice for anyone starting a side hustle

🎓 Learn more at https://insaka.co.za

🎓 If you'd like to hire Rod's professional tax practitioner services then you can contact him via rodneykernes@gmail(dot)com

💬 Got questions? Drop them in the comments!