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ATTENTION: Self-Employed Individuals

ATTENTION: BUSINESS OWNERS

"If Your Business Was Shut Down Due To Federal Or State Mandates You Could Be Eligible For Up To $26,000 PER EMPLOYEE"
"If you were Self-Employed, a Sole Proprietor, a Single Member LLC or a 1099 Subcontractor in 2020 and/or 2021, you could be eligible for the Self-Employment Tax Credit (SETC) worth up to $32,200 in Tax Credits"
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ATTENTION: 
Self-Employed Individuals

"If you were Self-Employed, a Sole Proprietor, a Single Member LLC or a 1099 Subcontractor in 2020 and/or 2021, you could be eligible for the Self-Employment Tax Credit (SETC) worth up to $32,200 in Tax Credits"

Learn more about the Families First Coronavirus Response Act & American Rescue Plan.

Launched in March of 2020, the Families First Coronavirus Response Act (FFCRA) was passed by Congress to provide employees and self-employed individuals paid sick leave or paid leave caring for dependents due to the Covid-19 pandemic. The Consolidated Appropriations Act later extended the FFCRA timeframe. Then in March 2021, the American Rescue Plan (ARP) released additional paid leave time to employees and self-employed individuals that missed work due to the Covid-19 pandemic.

Learn more about the Families First Coronavirus Response Act & American Rescue Plan.

Launched in March of 2020, the Families First Coronavirus Response Act (FFCRA) was passed by Congress to provide employees and self-employed individuals paid sick leave or paid leave caring for dependents due to the Covid-19 pandemic. The Consolidated Appropriations Act later extended the FFCRA timeframe. Then in March 2021, the American Rescue Plan (ARP) released additional paid leave time to employees and self-employed individuals that missed work due to the Covid-19 pandemic.

The Self-Employment Tax Credit (SETC)

The SETC is a specialized tax credit designed to provide support to self-employed individuals during the COVID-19 pandemic. It acknowledges the unique challenges faced by those who work for themselves, especially during times of illness, caregiving responsibilities, quarantine, and related circumstances. This credit can be a valuable resource for eligible individuals to help bridge financial gaps caused by unforeseen disruptions.

Understanding the unique circumstances that self-employed individuals face, we've partnered with Anchor Accounting Service to ensure that you don't miss out on this invaluable opportunity. Whether you're a self-employed business owner, a 1099 subcontractor, or a family-centric small business, the SETC holds the potential to bridge the gap left by more traditional forms of support.


  • Are you self-employed or a 1099 Subcontractor?
  • Did you file as a "Schedule C" or a partnership?
  • Were impacted By Covid

IF YOU ANSWERED YES TO ALL THREE QUESTIONS

You're most likely eligible for the Self-Employment Tax Credit (SETC)

The Self-Employment Tax Credit (SETC)

The SETC is a specialized tax credit designed to provide support to self-employed individuals during the COVID-19 pandemic. It acknowledges the unique challenges faced by those who work for themselves, especially during times of illness, caregiving responsibilities, quarantine, and related circumstances. This credit can be a valuable resource for eligible individuals to help bridge financial gaps caused by unforeseen disruptions.

Understanding the unique circumstances that self-employed individuals face, we've partnered with Anchor Accounting Service to ensure that you don't miss out on this invaluable opportunity. Whether you're a self-employed business owner, a 1099 subcontractor, or a family-centric small business, the SETC holds the potential to bridge the gap left by more traditional forms of support.

  • Up to $26,000 PER EMPLOYEE
  • Available for 2020 and 1st through 3rd quarters of 2021
  • Qualify with decreased revenue, COVID related shutdown or supply chain disruption
  • ​No limit on funding (ERC is not a loan)
  • ​ERC is a refundable tax credit

IRS TAX CODE

See what the IRS has to say about the Employee Retention Credit. Below is a link to IRS.gov section regarding the ERC.

ALMOST EVERYBODY WITH SCHEDULE C INCOME QUALIFIES FOR AT LEAST PARTIAL CREDIT.

SETC Qualifications

ERC Qualifications

  • Self-Employed Status

If you were self-employed in 2020 and/or 2021, you could potentially qualify for the SETC. This includes:
- Sole proprietors who run businesses with employees
- 1099 subcontractors
- Single-member LLCs. 
- If you filed a “Schedule C” on your federal tax returns for 2020 and/or 2021

  • COVID Impacts

Whether you battled COVID, experienced COVID-like symptoms, needed to quarantine, underwent testing, or cared for a family member affected by the virus, the SETC could be your financial relief. If the closure of your child's school or daycare due to COVID restrictions forced you to stay home and impacted your work, we're here to help.

SETC Qualifications

  • Self-Employed Status

If you were self-employed in 2020 and/or 2021, you could potentially qualify for the SETC. This includes:
- Sole proprietors who run businesses with employees
- 1099 subcontractors
- Single-member LLCs. 
- If you filed a “Schedule C” on your federal tax returns for 2020 and/or 2021

  • COVID Impacts

Whether you battled COVID, experienced COVID-like symptoms, needed to quarantine, underwent testing, or cared for a family member affected by the virus, the SETC could be your financial relief. If the closure of your child's school or daycare due to COVID restrictions forced you to stay home and impacted your work, we're here to help.

Ready To Get Started?

Ready To Get Started?

Why My Business Concierge

We’re a team of experts with special processes and tools to help self-employed individuals and sole proprietors claim the federal tax credits they're owed.

  • Live customer Support

No need to be the guinea pig for your CPA. We average 10-20% more funding than a CPA not familiar with the program.

  • Get the Return You Deserve

We evaluate your claim in every way possible to ensure we maximize your credit.

  • File Lightning Fast

Our streamlined processes allow for faster results, which means you get your refund faster.

  • Help Every Step of the Way

All your questions will be answered with a dedicated team of Self Employed Credit experts.

  • Self-Employed Credit Experts

Our team focuses on Covid related tax credits, allowing us to be the experts and ensuring that your claim gets processed before it’s too late.

See If You're Eligible:

$32,220

There is up to $32,220 available per individual! That is up to 26 weeks of paid leave, if you were unable to work due to qualifying pandemic related reasons.
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Frequently Asked Questions

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What is the Qualified Sick & Family Leave tax credit program?

The Families First Coronavirus Response Act (extended by the Consolidated Appropriations Act), and the American Rescue Plan offer tax credits to individuals through paid sick leave and extended family and medical leave for COVID-19-related reasons.

How will I recieve my Qualified Sick & Family Paid Leave wage credit?

The IRS will refund you for your 2020 and/ or 2021 tax credit via a check. Please note that if you have any outstanding tax liabilities, the refund will first be used to offset the tax balance.

Is this similar to the PPP program?

The PPP (Paycheck Protection Program), under the CARES Act, aids in retaining employees on payroll, offering loans potentially forgivable for small businesses. Qualified Sick & Family Leave wage credits, stemming from the FFCRA, Consolidated Appropriations Act, and the American Rescue Plan, provide tax credits for individuals without requiring repayment. While PPP targets business support, Qualified Sick & Family Paid Leave wage credits aim to assist individuals affected by the economic impact of missing work due to the COVID-19 pandemic.

Are there any deadlines for claiming the Qualified Sick & Family Paid Leave?

Yes. The deadline to amend your 2020 and/or 2021 tax return for claiming or adjusting Qualified Sick & Family Paid Leave credits is three years from the original due date of the return. For the Qualified Sick & Family Paid Leave wage credits, the deadline for amending your 2020 tax return is April 15, 2024, and for your 2021 tax return, it is April 15, 2025.

Is the Qualified Sick & Family Paid Leave wage credit a loan or a grant?

The Qualified Sick & Family Paid Leave wage credit functions as a tax credit, not a loan or grant. Tailored to address needs similar to those covered by mandatory paid leave for employees, these tax credits aim to provide compensation for income lost due to COVID-19-related circumstances. Whether you were sick, caring for someone affected by COVID-19, or facing conditions hindering your ability to work, these credits aim to alleviate the financial impact on your income.

Who is eligible for the Qualified Sick & Family Paid Leave wage credits?

To be eligible for Self Employed Qualified Sick & Family Paid Leave wage credits, you need to fulfill specific requirements. This includes being a self-employed individual, encompassing various categories such as sole proprietors, independent business owners, 1099 contractors, freelancers, gig workers, and single-member LLCs. Additionally, you must have filed a Schedule SE of IRS Tax form 1040 in either 2020 and/or 2021, showing a positive net income and the payment of self-employment tax on your earnings. Furthermore, qualification entails having missed work due to issues directly related to COVID-19.

What dates are eligible for Qualified Sick & Family Paid Leave wage?

Covid related paid time off is available as follows: up to 60 days – 12 weeks between April 1, 2020, and March 31, 2021.Up to 70 days - 14 weeks between April 1, 2021, and September 30, 2021.

Frequently Asked Questions

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What is the Qualified Sick & Family Leave tax credit program?

The Families First Coronavirus Response Act (extended by the Consolidated Appropriations Act), and the American Rescue Plan offer tax credits to individuals through paid sick leave and extended family and medical leave for COVID-19-related reasons.

How will I recieve my Qualified Sick & Family Paid Leave wage credit?

The IRS will refund you for your 2020 and/ or 2021 tax credit via a check. Please note that if you have any outstanding tax liabilities, the refund will first be used to offset the tax balance.

Is this similar to the PPP program?

The PPP (Paycheck Protection Program), under the CARES Act, aids in retaining employees on payroll, offering loans potentially forgivable for small businesses. Qualified Sick & Family Leave wage credits, stemming from the FFCRA, Consolidated Appropriations Act, and the American Rescue Plan, provide tax credits for individuals without requiring repayment. While PPP targets business support, Qualified Sick & Family Paid Leave wage credits aim to assist individuals affected by the economic impact of missing work due to the COVID-19 pandemic.

Are there any deadlines for claiming the Qualified Sick & Family Paid Leave?

Yes. The deadline to amend your 2020 and/or 2021 tax return for claiming or adjusting Qualified Sick & Family Paid Leave credits is three years from the original due date of the return. For the Qualified Sick & Family Paid Leave wage credits, the deadline for amending your 2020 tax return is April 15, 2024, and for your 2021 tax return, it is April 15, 2025.

Is the Qualified Sick & Family Paid Leave wage credit a loan or a grant?

The Qualified Sick & Family Paid Leave wage credit functions as a tax credit, not a loan or grant. Tailored to address needs similar to those covered by mandatory paid leave for employees, these tax credits aim to provide compensation for income lost due to COVID-19-related circumstances. Whether you were sick, caring for someone affected by COVID-19, or facing conditions hindering your ability to work, these credits aim to alleviate the financial impact on your income.

Who is eligible for the Qualified Sick & Family Paid Leave wage credits?

To be eligible for Self Employed Qualified Sick & Family Paid Leave wage credits, you need to fulfill specific requirements. This includes being a self-employed individual, encompassing various categories such as sole proprietors, independent business owners, 1099 contractors, freelancers, gig workers, and single-member LLCs. Additionally, you must have filed a Schedule SE of IRS Tax form 1040 in either 2020 and/or 2021, showing a positive net income and the payment of self-employment tax on your earnings. Furthermore, qualification entails having missed work due to issues directly related to COVID-19.

What dates are eligible for Qualified Sick & Family Paid Leave wage?

Covid related paid time off is available as follows: up to 60 days – 12 weeks between April 1, 2020, and March 31, 2021.Up to 70 days - 14 weeks between April 1, 2021, and September 30, 2021.

Ready To Get Started?

Ready To See If You Qualify?

Still Have A Question? Schedule A Call.

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My Business Concierge, LLC DOES NOT provide any legal or accounting advice and users of this web site should consult with their own lawyer and C.P.A. for legal and accounting advice.

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