Calculating my business income

Calculating business income

Report business income using a 2-line or 4-line statement

Types of taxable business income

Check the taxability of trade, business, profession or vocation income

Preparing statement of accounts

Under the law, business owners have to prepare statement of accounts

Business expenses and deductions

Allowable business expenses etc that make up your deductions

Common filing mistakes to avoid

Avoid these mistakes when filing your annual tax return

Reporting income previously not reported

Information to provide if you have forgotten to report income in previous years