SARS Services
Sole Proprietor Income Tax Return ITR12
4.8 (19 reviews)
Ensure accurate and compliant filing of your individual income tax return (ITR12) as a sole proprietor in South Africa.
3-5 working daysR 2 950
Product Description
Our Sole Proprietor Income Tax Return (ITR12) service is specifically designed for self-employed individuals and small business owners in South Africa operating as sole proprietors. We meticulously prepare and submit your annual ITR12 to SARS, ensuring all your income, expenses, and allowable deductions are correctly accounted for. This service helps you comply with tax regulations, maximise your tax efficiencies, avoid penalties, and provides complete peace of mind, allowing you to focus on your business.
What's Included
- Comprehensive review of your income and expenses for the tax year
- Identification and application of all eligible tax deductions and allowances
- Preparation and accurate completion of your ITR12 submission to SARS
- Calculation of your final tax liability or refund
- Liaison with SARS on your behalf for basic queries related to the submission
Prerequisites
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SARS Services
Sole Proprietor Income Tax Return ITR12
3-5 working daysR 2 950
Frequently Asked Questions
Everything you need to know about our Sole Proprietor Income Tax Return ITR12 solutions.
What is included in the My Accountant Sole Proprietor Income Tax Return service?
Our service includes Comprehensive review of your income and expenses for the tax year, Identification and application of all eligible tax deductions and allowances, Preparation and accurate completion of your ITR12 submission to SARS, and more. We handle the entire process from start to finish, ensuring full compliance with relevant authorities.
What documents are required to start my Sole Proprietor Income Tax Return?
To get started, you will need to provide: Copy of your South African ID document or passport, Proof of all income received (e.g., invoices, bank statements, IRP5s/IT3(a)s for any employment), Records of all business expenses (e.g., receipts, bank statements, vehicle logbook if applicable), and other supporting documents. You can securely upload these files directly to your My Accountant portal after checkout.
How long does the Sole Proprietor Income Tax Return process take?
The turnaround time for Sole Proprietor Income Tax Return is estimated at 3-5 working days. We submit all applications promptly to minimize delays.
Will I receive confirmation of my SARS tax submission?
Yes, absolutely. Once we submit your return or application, we will upload the official SARS receipt, IT14SD, or TCS PIN certificate directly to your client profile for your records.