MONEY NOW AVAILABLE FOR ALL SELF-EMPLOYED
Still Available for Self-Employed Pros - Up to $32,220
Get your money in 20 days
Retroactive COVID Relief Funds
Finally, COVID Relief is Available to the Heart and Soul of Our Industry.
Salons, shops, and spas suffered greatly from COVID-19 in 2020 and 2021. Now, stylists, booth renters, and self-employed/independent contractors like you can receive up to $32,220 under the Families First Coronavirus Response Act. These funds are intended to compensate for lost work days due to lockdowns, illness, quarantines, and school closures. Unlike other programs such as PPP, these tax credits do not need to be repaid or forgiven and can be spent as you wish!
To utilize our platform, you must have reported self-employed income on your Schedule C (of your 1040 Tax Return) in either 2020 or 2021 and had your income impacted by COVID in one of these ways:
- You had Covid and/or quarantined
- You took time off to be tested or get vaccinated
- You missed work due to a reaction from the vaccination
- You were subjected to a Government lockdown
- You had a child home due to school closures
- You cared for someone else
Federation help YOU get this tax credit money! The beauty industry deserves this assistance.”
How It Works
There are just a few easy steps to claim your legally entitled share of these self-employed tax credits —so let’s get started
Complete our online application
All you need to do is fill in the required fields and upload your Tax Returns.
We'll calculate your credit
Once you have completed step one, our accountants will calculate your legally entitled tax credit.
E-sign the agreement
E-sign our service agreement that will authorize our accountants to prepare your filings with the IRS to secure those retroactive funds.
Print,Sign & Return your docs
We'll prepare and email the finalized documents which you will print, sign and submit directly to the IRS with our pre-paid postage to ensure tracking/delivery.
Get your tax-credit within 20 days
Receive your money in less than 20 days via our interest-free Advance OR wait the average 20 weeks for the IRS to process your payment.
The Families First Coronavirus Response Act
“Family” is in the name of the law, so it’s self-employed pro’s with dependents who will receive the most from this program. But even those who didn’t have dependents during COVID can qualify for personal sick leave compensation. This tax credit(which we refer to as SETC) was designed to help you recoup losses from COVID-related lockdowns, quarantines, and school closures
Frequently Asked Questions
What is the FFCRA?
Under the Families First Coronavirus Response Act (FFCRA), if you are a self-employed person including those who receive a 1099, and if you were not able to work due to reasons related to Coronavirus, you are eligible to receive Sick Leave and Family Leave credits. This is your chance to get paid for the days you were sick, quarantined or even effected by Corona. If a child’s school was closed or you cared for another person, you are also eligible for these relief funds.The Families First Coronavirus Response Act (FFCRA) is a groundbreaking legislation that provides much-needed relief to self-employed individuals and small businesses during the COVID-19 pandemic. By understanding the key provisions of the FFCRA and how they apply to your specific situation, the PBF will help you maximize your legally entitled share of this little known provision of federal law.
IS FFCRA REAL?
YES!!! But don’t take our word. Go directly to the IRS page to read more about this program. Here is their link with further information: https://www.irs.gov/newsroom/tax-credits-for-paid-leave-under-the-american-rescue-plan-act-of-2021-specific-provisions-related-to-self-employed-individuals
Who is qualified?
Any 1099 independent contractor, booth/suite renter, and self-employed individual who’s work was impacted due to COVID in either/both 2020/2021 . To qualify, you must have filed a Schedule C and/or Schedule SE as part of your 2020 and/or 2021 1040 Tax Returns, which reports your self-employed income and had your income impacted by COVID
Do I need to pay back the FFCRA funds I receive?
No. This is not a loan. These funds have been allocated to the FFCRA program by the federal government and will not need to be paid back.
Are there requirements for how FFCRA funds can be used?
No. FFCRA provides money for Self-Employed/Independent Contractors to be used without restrictions.
What is the Fee for this service?
There is a 20% fee that is collected when you get your Tax Credit.
We Are Your Voice
The Professional Beauty Federation has proudly helped over 10,000 beauty and barbering professionals and businesses receive tens-of-millions of PPP dollars. Together with our quarter-century record of effectively representing our industry, we bring our experience of financially lifting our industry to help you claim your legally entitled share of the final COVID relief funds remaining: the ERC and the FFCRA. Don’t delay, as these programs will soon be closed.
