Sole Proprietorship Taxes: A Simple Guide
Confused about sole proprietorship taxes? Learn how income tax, GST, and TDS apply, with simple examples and clarity.
Start with this guideAccounting and taxes
Guides on business and income tax for owners, freelancers and professionals, mostly in India, with a few for other countries.
About these guides
Most guides here are about Indian income tax as it affects small businesses and professionals: choosing between the tax regimes, advance tax, presumptive taxation, ITR forms, sole proprietorship taxes, deductions and year-end tax planning, and business identifiers such as PAN, CIN and DIN.
A smaller set covers business structures and taxes in the United States, South Africa, Kenya and the UAE. Tax rules change over time. Each article shows when it was last updated, so confirm current rules with the tax authority or your accountant before you act.
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- Sole Proprietorship Taxes: A Simple Guide
- New Tax Regime vs Old Tax Regime (FY 2025-26 / AY 2026-27)
- Advance tax for small businesses and professionals (Tax Year 2026–27): due dates, calculation and interest
- Presumptive taxation scheme under Section 44AD and 44ADA: a guide for small businesses and professionals
- PAN, CIN, GST, LEI: A Field Guide to the Identifiers Every Indian Business Needs
All Accounting & Taxes articles
34 articles, newest first
Advance tax for small businesses and professionals (Tax Year 2026–27): due dates, calculation and interestLearn advance tax due dates for 2026–27, how small businesses and professionals calculate tax, and how to avoid…
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New Tax Regime vs Old Tax Regime (FY 2025-26 / AY 2026-27)Compare the new tax regime vs old tax regime for FY 2025-26. Explore tax slabs, deductions, rebates and tax…
Presumptive taxation scheme under Section 44AD and 44ADA: a guide for small businesses and professionalsUnderstand the presumptive taxation scheme in India, including Section 44AD and 44ADA, eligibility, turnover limits and…
PAN, CIN, GST, LEI: A Field Guide to the Identifiers Every Indian Business NeedsConfused by PAN, GSTIN, CIN, and LEI? A plain-language guide to every business identifier in India — and the exact…
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Income Tax Changes from April 1, 2026: What Salaried Employees & Senior Citizens Must KnowUnderstand April 1 Income tax changes in India and how they impact salaried employees and senior citizens. Know what to…
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What is DIN? Director Identification Number ExplainedI remember the first time a client called me in panic. "Mohnish, the MCA portal rejected my company registration.…
How To Accept Cross-Border Payments In India?In this guide, we'll learn what cross-border payments are and the nuances surrounding it, and how to accept…
United States Patent & Trademark Office (USPTO): Detailed GuideIn this article, we'll learn all about the United States Patent & Trademark Office or USPTO for short, and how…
All Business Structures In The US Corporate Landscape ExplainedThe tax you pay, fundraising potential, paperwork obligations, and personal liability are all influenced by your…
United States Small Business Taxes + Corporate Tax ExplainedIn this article, we'll cover what small business taxes you have to pat in the USA, and the various regulations…
How To Calculate VAT in South Africa?In this article, we will cover what South Africa VAT is, and how you can calculate VAT in South Africa. The guide aims…
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Kenya Taxes & Business StructuresIn this article, we'll break down the lowdown on different types of company setups and delve into the world of Kenya…
Kenya Withholding Tax: Meaning, Rates & LegalitiesUnderstand Kenya withholding tax system with our comprehensive guide covering 2026 rates, compliance requirements, and…
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Small Business Taxes In South AfricaBy the end of this article, you'll be equipped with the knowledge you need to navigate the intricate world of small…
Sole Proprietorship Registration Process In South AfricaIn this article, we will talk mainly about sole proprietorship, including what it means, how to register for it, and…
The 5 Business Structures In South Africa ExplainedWe'll read about what business structures are, and how they're defined in South Africa, Tanzania, Kenya, Nigeria, and…
The 11 Types Of Company Formations In The UAE | DubaiIn this article, we will discuss all 11 business structures and the three jurisdiction-based company formations in the…
Critical Tax Deductions Small Business Owners Can LeverageTax deductions are a huge bonus when it comes to small businesses. Small Business owners can benefit greatly the tax…
12 Tax Deductions For Small BusinessesTherefore, business owners need to understand how to identify tax deductions relevant to their field of work. Higher…
Budget 2017 Highlights – 5 Key Things Startups Should Know!Know key benefits for small business and startups announced in Budget 2017. Find out tax benefits for startups in…
20 Tax Saving Tips For A Business OwnerNavigating through Indian tax system is tough. Here are 20 tax saving tips that can help you save money every year and…
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Krishi Kalyan Cess (KKC) – 15 Questions Answered!Find out about Krishi Kalyan Cess, how it will be calculated along with the service tax, effective date, applicability…
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Swachh Bharat Cess (SBC) – Everything You Need To KnowFind out everything about Swachh Bharat Cess (SBC) - This article explains clarification on the Tax, how it will be…
How To Setup Business Taxes Using ProfitBooksThis guide explains how to setup business taxes like VAT, Service Tax or TDS for your business, using ProfitBooks…
5 Important Private Limited Company Compliances in IndiaIn this guide we have shared the most critical compliances that every private limited company in India needs to follow.
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