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 much-needed relief compensation. No longer will only salon employers be able to get Covid tax relief … you, too, can claim 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 SE (of your 1040 Tax Return) in either 2020 or 2021.
There are just a few quick and easy steps to claim the money you are legally entitled to —so let’s get started
The process is simple and hassle-free, and you don't need to upload any documents. All you need to do is fill in the required fields with accurate information, and you're good to go
Once you have completed step one, we will have enough information to calculate how much you are entitled to receive for your FFCRA Credit.
By electronically signing the documents your file will be automatically submitted for approval and funding. This is where you choose when you would like to pay the fee for receiving these funds.
Once the documents have been completed, they will be sent for approval & processing. This ensures that all necessary paperwork is properly filled out and submitted accurately to streamline the process.
Automatically into your bank account in an ACH or via check ensuring that you receive your money quickly and hassle-free.
You’ve completed all necessary steps and you’re just waiting for your money to arrive.
A federal relief program designed to help self-employed/ Independent contractors recoup losses from COVID-related lockdowns, quarantines, and school closures. Eligible individuals can receive up to $32,220
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.
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
Any 1099 independent contractor, booth/suite renter, and self-employed individual may be qualified to receive FFCRA funds. To qualify, you must have filed a Schedule SE as part of your 2020 and/or 2021 1040 Tax Returns, which reports your self-employed income.
Thanks to our partnership with Adesso Capital, we have created an online and automated system for you to easily submit your claim directly with the federal government for these funds. You just need to have filed a Schedule SE as part of your 2020 and/or 2021 1040 tax returns (to verify your self-employed income) and have a driver's license or other official photographic ID (for purposes of verifying your identity).
To cover our costs (which include our CPAs calculating and preparing all of your filings with the IRS), we must charge a fee for our services. We have multiple payment options available and are always 100% transparent about the fees you’ll pay.
Pay Now - Pay at the time of filing at the reduced fee.
Pay Later- Spread out our fee over several months via our partnership with PayPal.
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.
No. FFCRA provides money for Self-Employed/Independent Contractors to be used without restrictions.