gig worker solutions setc

gig worker solutions setc

In today’s gig economy, the demand for flexible work solutions is on the rise. Fortunately, there are various platforms and apps that cater specifically to gig workers. From task-based gigs to freelance opportunities, these solutions offer a range of options for those seeking flexible work arrangements. Whether you’re a seasoned freelancer or just starting out, these gig worker solutions provide a convenient way to find gigs, manage payments, and ensure a steady stream of work. With a few taps on your phone, you can unlock a world of flexible work opportunities and take control of your professional life.

The Art of Marketing: Unleashing the Professional Prowess of Freelancers

The Art of Marketing: Unleashing the Professional Prowess of Freelancers

In the world of freelance work, marketing oneself is an art that requires the perfect blend of creativity and professionalism. Discover how freelancers can unleash their professional prowess in the art of marketing, captivating clients with their unique skills and amplifying their success in a competitive landscape.

self-employed tax credit (setc)

self-employed tax credit (setc)

The self-employed tax credit (SETC) is a valuable benefit that many self-employed individuals may be eligible for. This tax credit can provide substantial savings and is specifically designed to support those who work for themselves. By taking advantage of the SETC, self-employed individuals can ease the burden of their tax obligations and potentially put more money back into their pockets.

What is the 20 self-employment deduction?

What is the 20 self-employment deduction?

As entrepreneurs, we pour our hearts and souls into our businesses. But why are we penalized for pursuing our dreams? Enter the 20 self-employment deduction, a beacon of hope for the self-employed. Filled with anticipation and emotion, let’s unravel the tale of this deduction that can make all the difference in our entrepreneurial journeys.

Why is self-employed tax so high?

Why is self-employed tax so high?

Why is self-employed tax so high? It’s a financial burden that crushes our dreams, suffocates our aspirations, and dashes hopes of success. The system mocks us, penalizes our bravery, and strips away our hard-earned income. Our sweat and tears are taxed relentlessly, while those with stable jobs enjoy a comfortable ride. It’s unjust, cruel, and leaves us feeling betrayed by a system that claims to support entrepreneurship. We demand change, an end to this oppressive taxation, and the recognition of our contributions. It’s time to fight for equality, fairness, and the right to thrive as self-employed individuals.

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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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