In Government’s continued efforts to support business owners through the financial strain brought on by the COVID pandemic and more recently exacerbated by unrest throughout SA.
Economic analysts recently reported that by August 2020 as many as half of South African small businesses had closed down due to the national lockdown.
Many taxpayers will have received an SMS informing them of the result of their tax assessment. Please contact your tax practitioner if you have received a notification via SMS
Business owners, sole proprietors, independent contractors and commission-based earners who are working from home have various tax deductions at their disposal.