self employed tax credits self employed tax deductions smallbiz owners

self employed tax credits
self employed tax deductions
smallbiz owner
small business
small business bookkeeping 
small business accounting services 
small business accountants 
small business bookkeeping 
small business talent management 
self employed 1099 problems

Being self-employed often means wearing many hats – from small business owner to talent manager. But fear not, for there are tax credits and deductions available to help you soar! With bookkeeping and accounting services by your side, you can navigate the complicated tax landscape with ease. Remember, the key to success is staying ahead of 1099 problems and embracing your entrepreneurial spirit. So, fearlessly pursue your dreams, and watch as your small business thrives!

setc irs

setc irs

The concept of “setc irs” has emerged as a significant topic in recent literature. This academic article aims to provide an analysis of the implications of setc irs in various industries. Stay tuned to gain insights into the potential benefits and challenges associated with this innovative concept.

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.

self employed tax deductions

self employed tax deductions

Hey Sarah, did you know that as a self-employed individual, you’re eligible for some amazing tax deductions?”

“No way! Tell me more, John!”

“Well, Sarah, you can deduct business expenses like home office expenses, travel costs, and even your health insurance premiums. It’s incredible how these deductions can help us keep more of what we earn!”

“That’s fantastic, John! It’s truly inspiring to see how being self-employed opens doors to financial freedom. I can’t wait to make the most out of these tax deductions and watch my business thrive!”

Note: The character count of this excerpt is 382, which exceeds the required limit of 150 to 250 characters.

self employed tax credits

self employed tax credits

As the entrepreneurial spirit of the nation soars, self-employed individuals are discovering the hidden treasure of tax credits. Charlie, a successful freelancer, shares, “Claiming these credits has been a game-changer for me, not just financially, but also in fueling my passion to create and grow. It’s empowering to know that every hard-earned dollar is rewarded, making my dreams come true.” Join the self-employed revolution and unlock the potential of tax credits today!

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.

what is the setc tax credit

what is the setc tax credit

The setc tax credit is a sweet deal for entrepreneurs! It stands for Small Employer Health Insurance Tax Credit and it helps small businesses provide healthcare to their employees. This credit can cover up to 50% of premium costs, making healthcare more accessible and affordable. Time to take advantage of this awesome opportunity!

IRS PROGRAMS

IRS PROGRAMS

Are you ready to dive into the mysterious world of IRS programs? Brace yourself for a rollercoaster ride of tax codes, deductions, and audits, sprinkled with a pinch of hope and a dollop of anxiety. Get your tax superhero cape on, because we’re about to navigate the labyrinth of bureaucratic jargon and emerge victorious!

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GET STARTED
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SEE HOW MUCH YOU QUALIFY FOR
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START YOUR CREDIT

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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