Everything Counts | Episode 14: The essential tax guide for freelancers and digital nomads

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Are you earning extra income through a side hustle or considering working abroad as a digital nomad? As the world of work evolves, the rise of side hustles, freelancing and remote work has introduced new complexities to tax obligations. Whether you're a freelancer, gig worker or digital nomad, understanding your tax responsibilities is crucial to staying compliant and optimising your earnings.

In this episode, learn how to navigate your tax obligations in South Africa and beyond with insights from our experts, Bronwyn Trower, Co-Portfolio Manager at Investec Wealth & Investments, and Nicci Courtney-Clarke, Head of Tax at TaxTim.

This episode is packed with useful tips for modern professionals managing new ways of working and multiple income streams.

Everything Counts is a bi-weekly podcast series that focuses on money and financial wellness. Hosted by 702's Motheo Khoaripe, each episode tackles various aspects of personal finance, including saving, spending, investing, pitfalls to avoid and tricks to succeed. The podcast aims to provide valuable information and expert guidance to help listeners improve their financial well-being.

Key Moments:

00:00 Introduction
01:00 Freelancers and tax obligations in South Africa
02:30 Why freelance taxes feel higher than salaried employees
04:00 The importance of keeping detailed financial records
07:00 Common mistakes freelancers make when they’re filing their taxes
09:00 Tax implications of working abroad as a digital nomad
11:30 Dual Tax Agreements and their benefits

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25 Nov 2024 English South Africa Business · Investing

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