Strategic Tax Planning Tips for Sole Traders to Improve Cash Flow

Elfriedesimpson05 Dec, 2020Finance

Nothing is certain but death and taxes. Or so the saying goes. Many of us find that taxes drain-away our hard-earned money. For sole traders who juggle to manage business and personal expenses, payment of taxes can be a factor why they experience cash flow deficit. That should not be the case. While payment of taxes is an obligation, governments also ensure that the taxes they impose do not kill their lifeblood. Taxes are inevitable, but, with proper management, they can improve a business�s cash flow.