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Tax Expert Nokuthula Manana Shares Tips on Tax Returns and Side Hustles

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Should you declare your side-hustle income? John Manyike chatted with tax expert Nokuthula Manana of Limitless Business Solutions, who says it’s not only law but might boost your chances of getting money back on your tax return. 

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Chapters
  • 00:39 Nokuthula shares her career journey to becoming a tax expert.
  • 01:46 How do people end up with tax issues?
  • 03:07 What is tax?
  • 03:32 What are the 3 main sources of tax?
  • 04:03 Who is liable to pay tax?
  • 04:47 What is a tax return?
  • 06:50 Can employers commit tax fraud in your name?
  • 08:56 How to manage tax as a full-time employee with a side hustle?
  • 09:23 When should I declare my side hustle earnings to SARS?
  • 14:15 What are the risks of inflating expenses to avoid paying tax?
  • 16:55 What is the residency test?
  • 17:54 Navigating personal tax when working from home.
  • 19:54 Tax implications for dormant companies registered with the CIPC.
  • 22:28 What is the benefit of having a retirement annuity and when I have to submit my tax returns?
  • 23:29 Can I submit some of those claims where medical aid didn't cover to SARS?
  • 24:37 Can I claim some of those expenses for using my personal car for business travel?
5 Aug 2024 English South Africa Education

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