Description
Who It’s For
Doctors and engineers earning professional income who want to ensure their business expenses are correctly tracked, supported, and considered for tax deductibility.
What Problem It Solves
Many professionals either under-claim legitimate expenses or claim incorrectly due to poor record-keeping or uncertainty around SARS requirements. This toolkit provides a clear structure to help you identify, organise, and validate your expenses before submission.
This Can Lead To:
- Missed deductions that increase your tax liability
- Unsupported claims that may be disallowed by SARS
- Delays or complications during assessments or audits
- Uncertainty when engaging with your accountant or tax practitioner
What’s Included (Download Contents)
General Rules You Must Meet (Very Important)
For an expense to be deductible, it must generally:
- Be incurred in the production of income
- Not be of a private or domestic nature
- Be supported by valid invoices or receipts
- Relate to the correct tax year
- Be reasonable and necessary for your profession
No invoice = no deduction (bank statements alone are usually not sufficient).
How to Use This Toolkit
- Review each expense category below
- Capture your actual costs
- Attach supporting invoices
- Highlight any grey areas for discussion with your tax practitioner
