Self-Employed During the Coronavirus Pandemic? 3 Things You Need to Know

Here are three things every self-employable needs to know about the coronavirus pandemic.

The coronavirus (COVID-19) pandemic is ongoing. Although some states are loosening their coronavirus-related restrictions, it looks like it will be some time before we can resume our “normal” activities, even if you’re self-employed. Until then, let’s figure out how we can get through the pandemic together.

If you’re self-employed right now, things are scary — here are three things you need to know that may help you get through the coronavirus pandemic:

1. The Pandemic Is Affecting You and Everyone Else, Regardless of Whether You’re Self-Employed

The pandemic can feel like the end of the world, but it’s not. In fact, we’re still here, and we’re strong, resilient and really good at figuring things out as we go.

2. You May Be Able to Avoid Late Fees

Some companies are waiving late fees or won’t suspend various services during the pandemic. But, keep in mind that even if you cannot pay certain bills during the pandemic, you’ll probably have to pay them eventually.

3. Financial Assistance Is Available

The Coronavirus Aid, Relief and Economic Security (CARES) Act provides unemployment benefits to self-employables affected by the pandemic. It also includes Pandemic Unemployment Assistance (PUA), which offers up to 39 weeks of benefits if you are self-employed and unable to continue working due to the pandemic.

One last note: the coronavirus pandemic is making things tough for all of us right now. However, if we continue to work hard throughout the pandemic, we’ll get through this together.