Wednesday September 23, 2020

Pandemic losses can have silver lining for sole traders too

It’s not just companies that can claim tax relief upfront due to the Covid-19 crisis, the self-employed can aid cashflow in this way too

13th September, 2020
The self-employed can tackle cash flow issues with help from measures introduced during the pandemic. Getty Images/iStockphoto

When it comes to tax advice, the spotlight tends to linger on companies and how they can navigate the system to their best advantage. But what about the hard-working self-employed? Those among us carrying on a trade or profession either as sole traders or in partnerships can also benefit from legislative changes introduced in the wake of the global pandemic.

The self-employed can use certain losses to aid cashflow based on the Financial Provisions (Covid-19)...

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