Sole Proprietor Income Tax Return (ITR12)

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

• 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)
• Existing SARS eFiling login details (username and password)
• Any other relevant tax documents (e.g., medical aid certificates, retirement annuity certificates)