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Self Employed Tax Credit (SETC)
What Is The FFCRA Tax Credit —Families First COVID-19 Response Act?
In March 2020, the Families First COVID-19 Response Act (FFCRA) was signed into law to help companies offer paid sick leave and unemployment benefits caused by COVID-19. Initially the FFCRA focused on employers with W-2 employees to help them weather the economic impact caused by the pandemic.
In December 2020 Congress passed the COVID-19 Aid, Relief, and Economic Security (CARES) Act which expanded the FFCRA to cover not only employers, but the self-employed. Thanks to the FFCRA expansion self-employed individuals, freelancers, independent contractors, and gig workers are now eligible for tax credits that pay you back for the time you would’ve normally spent earning money that was lost because of COVID.
$32,000+ could be refunded to you as a 1099 independent contractor available through the Families First Coronavirus Response Act (FFCRA). The FFCRA is the only government program that puts cash back into the hands of the self-employed. It is NOT a loan; it is a refund of the taxes you already paid. Qualify for 2020/2021 if you profited over $20,000 in Self Employment Income and:
1. You had COVID-19
2. You provided care for a loved one
AND/OR
3. You had a child(ren) that had schools shut down during 2020/2021
How Our Process Works
Free Evaluation
Jorns & Associates 1st step is to educate, not just inform, our clients on the current IRS guidance and how it could apply to themselves and or company.
Engagement
Jorns & Associates assigns each client with an account manager that will handhold you through the process in order to file your SETC in a timely manner.
Next Step
Once we receive all requested documentation and determine eligibility we will file for the SETC. Fees may apply after you receive your refund.
A Track Record of Success
Since our strategic partnership with Jorns & Associates in 2021, we have become one of the top specialty firms in the nation. With over 400 employees, including IRS registered agents, certified public accounts and forensic accountants on staff at Jorns, we are proud of serving thousands of clients in every state, of all sizes, and virtually every industry. We have helped over 20,000 companies and individuals access over $7+ billion of funds that were allocated to help them stay in business, assist their communities and grow their cause.
Why Choose Us
Boutique style hands-on approach
Every individuals and company has its own unique situation and it takes a hands-on approach to accurately assess how to maximize your earmarked Tax Credits. Our 1st step is to educate, not just inform our clients on the current IRS guidance and how we intend to apply it to their situation. We assign each client with an account manager that will handhold them through the process in order to file their SETC or other tax credits in a timely manner.
We treat every client like they are our most valuable client.
We stand behind our work
Accuracy and compliance is our number one priority.
Jorns & Associates guarantees the work we do is 100% compliant with all the IRS rules and regulations and provide direct support for the work we performed on your behalf.
