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Did your business suffer during covid?
You are just one click away to see if your business is eligible for a refund.
Up to $32,220 if you qualify!
E M P L O Y E E R E T E N T I ON TA X C R E D I T S
What is SETC?
The SETC was created through the American Rescue Plan Act. The purpose of this program is to refund self employed business owners for sick leave and family leave. It also applies if they had to be at home to take care of their child, because their school was shut down.
Recent Refunds
Our proven process has helped hundreds of clients dramatically reduce costs and increase profits through the FFCRA program. We have a proprietary process, that includes an in-depth analysis to identify the most important savings for our clients. We also remove the legwork of collecting documents by offering 50+ payroll and accounting platform integrations. Keep in mind that many of our clients previously benefited from PPP and also received their FFCRA refund.
EPSLA and Expanded FMLA
April 1, 2020 – December 31, 2020
Relief act amended the EPSLA and FMLA to extend through March 31, 2021
Client Eligibility
- Sole proprieters with net earnings reported on 1040 tax returns
- LLC members or partners with self employed earnings reported on K-1
- 10 days of Sick leave max $511 per day $5,110 based on net earnings, can elect to use prior year earning
- Must be reduced by any W-2 wages received for sick leave
- 10 weeks of Paid family leave – lesser of $200 per day or 67% of average daily self-employment income. max $200 per day for $10,000 total
American rescue plan act
April 1, 2020 – December 31, 2020
Relief act amended the EPSLA and FMLA to extend through March 31, 2021
Client Eligibility
- 10 days of Sick leave max $511 per day $5,110 based on net earnings, can elect to use prior year earning
- Must be reduced by any W-2 wages received for sick leave
- 12 weeks of Paid family leave – lesser of $200 per day or 67% of average daily self-employment income. max $200 per day for $12,000 total
Documentation Needed
● Family Leave Date
● 2019 - 2021 1040 Tax returns
● 2020 and 2021 K-1s (If applicable)
● 2020 and 2021 W2s (If applicable)
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