What is SETC credit?

What is SETC credit?

What is SETC credit? It’s the real-life embodiment of dreams for struggling actors. With each credit, hope is rekindled, the fire to succeed grows stronger. It’s the validation that every auditioned tear has been worth it. SETC credit, a symbol of perseverance, unlocking doors to the enchanted world of theatre.

Accounts Payable

Accounts Payable

So, what’s the deal with accounts payable? Well, it’s like the behind-the-scenes superhero of business finances. It’s all about keeping track of what you owe and making sure those bills get paid on time. Trust me, without accounts payable, it’s chaos out there! Let’s dig deeper into this unsung hero and discover why it deserves some serious appreciation.

The Money Trail: Uncover the Mysteries of Accounts Payable

The Money Trail: Uncover the Mysteries of Accounts Payable

Article Excerpt:

Hold onto your ledgers and grab those calculators, folks! We’re about to embark on a wild ride through the enigmatic world of Accounts Payable. Uncover the secrets, chase the money trail, and decode the mysteries behind those numbers. Get ready to dive into a tangled web of invoices, receipts, and baffling transactions. It’s time to unleash the financial detective in you and expose the truth behind the ledger lines. Let’s follow the money and unravel the intrigue of Accounts Payable!


Helping independent business owners get every dollar they deserve.

Our team of tax experts are here for small business owners to claim the federal FFCRA tax credits commonly known as the Self Employment Tax Credit (SETC). Get up to $32,220 back!

For 2019, 2020 and 2021 Enter your Net Income for Each Year:

To find your self-employed income for taxes, check your Schedule C, specifically “Line 31 – Net Profit or (loss).” This is your total income before deductions, combining earnings from all your jobs.

For 2020 and 2021 how many DAYS per YEAR did you sacrifice working in your business because you had COVID 19, had COVID 19 symptoms, a COVID 19 related illness and / or were told to quarantine because you were exposed or affected by COVID 19.

If you had COVID-19 and took time off between April 1, 2020, and March 31, 2021, or between April 1, 2021, and September 30, 2021, you can claim up to 10 days in each period.

For 2020 and 2021 Enter the DAYS per YEAR you sacrificed working in your business because of care for #1 your minor (under the age of 18 or a child with severe disabilities) child’s school or daycare closed, your child out was sick, or your child was told to quarantine due to COVID 19 and / or #2 for the same reasons you cared for another over 18 individual(s).

If you cared for someone between April 1, 2020, and March 31, 2021, you can claim up to 50 days. From April 1, 2021, to September 30, 2021, you can claim up to 60 days.

As per IRS guidelines, you are NOT required to provide proof of a positive COVID-19 test or your COVID-19 status when submitting your filing. Instead, you are confirming IN GOOD FAITH that you experienced COVID-19, its symptoms, related illness, or quarantine, resulting in the inability to work and earn income. While no specific evidence is needed for filing, it’s advisable to retain certain records for your records. These might include a positive COVID-19 test result, a healthcare provider’s note about your positive test or symptoms, or documentation indicating quarantine. Also, remember that maintaining records of non-working days due to COVID-19 exposure or symptoms could be beneficial, such as data from your business software or bank statements reflecting the absence of sales deposits during that period. You can trust our simplified process to account for your circumstances accurately and fairly.

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