If you’re a self-employed individual, working on your own terms can come with a variety of challenges. But it also opens the door to a variety of valuable tax credits that could offer you relief during tough economic times. However, a lot of people who are self-employed are unaware of the tax credits available to them or don’t know how to wade through the complicated paperwork involved. Because of this, they may miss out on opportunities they didn’t know existed.
However, if you are self-employed, you have the opportunity to claim valuable tax credits that could put money back in your pocket. Now is the perfect opportunity to ensure you’re taking advantage of all available tax-saving opportunities. And that’s where Pinnacle Minds can come in to help you navigate the process with ease.
What Are the Self-Employment Tax Credits?
The Self-Employment Tax Credits (SETC) are the Emergency Paid Sick Leave Act (EPSLA) and Expanded Family Medical Leave Act (Expanded FMLA) tax credits authorized under the American Rescue Plan (ARP). These self-employment tax credits (SETC) are designed to provide self-employed individuals with the relief they would have been entitled to, had they worked for a qualified W2 employer, for enduring disruptions in their work due to the pandemic. This credit can be highly beneficial for those who had to care for children or dependents, leading to lost work time and income.
How Can Pinnacle Minds Help Me Apply for the SETC?
At Pinnacle Minds, we have almost two decades of experience assisting self-employed individuals with navigating the tax filing process and claiming all available credits and deductions they qualify for. With the unmatched knowledge of our former IRS Auditors and a personalized approach, we’ll ensure you don’t miss out on this valuable opportunity.
Don’t wait until it’s too late to claim your Self-Employment Tax Credits. Contact us today to schedule a call with a member of our team and let us help you maximize your tax savings. With Pinnacle Mind’s dedication to our clients, you can trust us to deliver results and make sure you don’t miss out on a potential financial lifeline!
