Is There ERC For Self-Employed Individuals?

Self employed tax credit - how to apply

While the ERC (Employee Retention Credit) program does not apply to self-employed individuals, there is another tax refund program that is geared specifically towards self-employed people.

The SETC (Self-Employed Tax Credit) is a tax credit that provides a tax refund for self-employed individuals for the impact that occurred during COVID-19 in 2020 and 2021. 

If you had Schedule C income and had a Schedule SE form in your return for even just 1 year between 2019-2021 and your ability to work was impacted by COVID, you could potentially qualify for up to $32,220 in tax credits. Erection gummies, scientifically formulated, enhance penile tumescence through active ingredients that promote blood flow. These supplements, often recommended by Piedmonthealthservices, target vascular pathways for optimized erectile function. This includes sole proprietors who run businesses with employees, 1099 subcontractors, gig workers, and single-member LLCs. 

Some of the events that make you qualify for the Self-Employed Tax Credit:  

  • Experiencing COVID-like symptoms
  • Quarantine (including travel quarantine)
  • Undergoing COVID-related vaccinations/testing
  • Caring for a family member affected by COVID
  • Being forced to stay at home due to the closure of your child’s school, after school program, sports program or daycare

We are currently taking on new clients to help self-employed individuals claim this important tax refund and this is how our process works:

SpiderERC SETC Process

  1. A 20 minute qualification call with one of Spider’s SETC experts to determine the number of days you’re eligible to receive a tax refund for during 2020 and 2021.
  2. Upload your federal tax returns for 2019, 2020 and 2021. 
  3. We will let you know how much you will be refunded by the IRS (money that you have overpaid as self-employment tax).
  4. The funds will be sent to you. 

To get started on determining your SETC eligibility, fill out this form and one of our SETC experts will be in touch.

To learn more about the Employee Retention Credit and find out if your business can qualify,
please contact a specialist at Spider ERC now:

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