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

--:--
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

YOU MIGHT ALSO BE INTERESTED IN:
As an Investec client, you have access to a dedicated Investec financial adviser for your life insurance and investment needs. Our advisers provide objective advice with no additional fees or commissions. Ensuring transparency and trust. Experience clear advice with your trusted financial partner.
25 Nov 2024 English South Africa Business · Investing

Other recent episodes

Everything Counts | Ep 22: Guide to Going Solar in South Africa

Everything Counts is a bi-weekly podcast series that dives into money and financial wellness, hosted by 702’s Motheo Khoaripe. Each episode unpacks practical aspects of personal finance-how to save, spend, invest, and make smart decisions to boost your financial well-being. In this episode, Motheo is joined by De Wet Taljaard…
20 May 28 min

Macro Monday Ep 72: Global inflation ticks down

In this episode Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment International, discusses a general decline in inflation numbers around the world in April, indicating little reason for concern yet. However, uncertainty about policy and tariffs makes forecasting difficult, especially in the US.
19 May 8 min

NOW Ep100: A world in flux, 100 Wednesdays on

From a global pandemic to fractured supply chains, energy shocks, inflation spirals, rate hikes, AI disruption, war, and geopolitical realignment - the last four years have been anything but dull. As we celebrate the 100th episode of the No Ordinary Wednesday podcast, we pause the relentless churn of the news…
13 May 24 min

Macro Monday Ep 71: Global PMIs decelerate

The world’s leading economies are seeing a deceleration in manufacturing activity, although they remain in expansive territory. In the US, earnings are being revised down, largely in response to the fall in GDP growth that this implies. Meanwhile the Fed is keeping rates steady in the face of an uncertain…
12 May 6 min

Everything Counts | Ep 21: Understanding wills - Part 2

In this episode, Lieze-Marie Brink and Jacques Van Niekerk from the Investec Tax and Fiduciary team dive into the critical aspects of wills and estate planning in South Africa. They explore why having a will is essential, especially in ensuring your assets are distributed according to your wishes, and the…
5 May 17 min