SETC BENEFITS
The Self-Employment Tax Credit (SETC) Benefits
We have helped hundreds of business owners receive SETC, FFCRA, SBA, ERC, PPP & EIDL Pandemic Benefits over the last 4+ years. Now 1099 workers, independent contract business owners can qualify for $32,000 in cash free tax funds. That means it also includes sole proprietors, consultants, freelancers, 1099, gig workers, uber & lift drivers.
The SETC tax credit is particularly relevant for self-employed individuals affected by the COVID-19 pandemic. The pandemic has significantly impacted the economy, and many self-employed individuals have experienced a loss of income. The SETC tax credit can provide much-needed relief to these individuals.
We are committed to providing exceptional service and guidance in the areas of Self-Employment Tax Credit (SETC) benefits, pandemic benefits, CARES Act compliance, business tax returns, and federal grants. Trust our expertise to help you navigate the complexities of business tax credits and secure the financial support your personal business needs to thrive, grow and prosper.
What Is SETC?
In response to the economic impact of the COVID-19 pandemic, the Families First Coronavirus Response Act (SETC) was signed into law by President Trump in March 2020. Initially targeted at employers with W-2 employees, the Coronavirus Aid, Relief, and Economic Security (CARES) Act expanded the Supplementary Earning Tax Credit (SETC) to include freelancers, independent contractors, and gig workers.
The SETC provides federal legislation offering paid sick leave, COVID-19 testing, food assistance, and unemployment benefits. Employers receive health insurance protection for employees, while self-employed individuals can claim tax credits on their income tax returns for COVID-19-related sick leave.
Who Qualifies?
Sole proprietors, consultants, freelancers, 1099, gig workers.
Eligibility depends on fully utilizing previous credits and meeting specific income criteria for the years 2020-2021.
Any 1099 Employee that filed 2020 to 2021 taxes.
