Covid Relief Still Available for Self-Employed & Employers!
As anyone who’s been following the Professional Beauty Federation knows, when Covid struck we hit-back on your behalf!
If you’re an employer or self-employed pro in any of the 50 states who hasn’t yet claimed Covid-related federal tax credits, you can skip the following background info and go directly to www.ProBeautyRelief.com to claim these funds … for those who’d appreciate some context to these federal assistance credits and our totally revamped process for self-employed pros, here’s a recap of that story:
After unjustifiably prolonged lockdowns kept our safe establishments closed (in states like California that amounted to 8 months during 2020-21!), we spearheaded grassroots and media campaigns to explain to the public and government officials how safe our procedures were, and in two instances actually filed federal lawsuits against a Governor and health officials to get our industry reopened (both lawsuits resulted in our industry being reopened within 5 days of filing, so success!).
Once all 50 states were finally reopened, we pivoted to helping our beloved industry pros and employers recover from their financial losses. We stood up ProBeautyRelief to help guide self-employed professionals and establishment employers to federal tax credits that were designed to assist industries like ours recover from devastating Covid lockdowns of our salons/shops/spas and even our children’s schools.
In the case of employer credits, the ERC didn’t become a household term until a year after the PBF began leading our industry employers to these federal tax credits (one can no longer listen to the radio, a podcast or watch TV without being bombarded by ERC ad’s). But very few have been helping self-employed professionals recoup similar tax credits for Covid disruptions (via FFCRA: self-employed tax credits). The PBF trail-blazed the way for our industry employers to receive ERC and we’re doing similar for self-employed pros.
And while the IRS placed a temporary suspension on processing ERC applications, they are continuing to approve FFCRA (which we’ve renamed “SETC” to make these “self-employed tax credits” more sensible) and they’re sending out payments … although processing times have been extensive, given the IRS has been so overwhelmed with ERC claims.
Employers Can Still Apply for ERC
If you’re an employer who hasn’t yet pulled the trigger on ERC, go to our ProBeautyRelief page to learn more about this tax credit and how Congress tailored it specifically for industries like beauty & barbering employers. While the IRS has temporarily suspended making payments, Congressional law requires them to eventually honor all valid ERC applications before this statutory program expires at the end of this year.
You should have no fear in retroactively claiming your legally entitled share of these credits that are based on the taxes you already paid. These tax credits are designed to reward you for keeping employees on the payroll during those dark days of Covid lockdowns and restrictions (you know, when we were labeled “non-essential”!). But time is running out, so you can no longer afford to hesitate.
Self-Employed Pros Can Also Claim Retroactive Tax Credits
Even though everyone has heard of ERC for employers, we have found that most independent beauty/barbering pros still haven’t heard of FFCRA, which again we’ve re-named “SETC” for simplicity sake.
And among those few we’ve been able to reach with this message, far too many have been hesitant about our initial approach to guiding you through the application process with the IRS. So we have some exciting new developments we’d like to share.
We’ve completely revamped the application process and established a new partner with the CPA’s and tax professionals necessary to maximize your legally entitled share of SETC via a seamless new application. And here are the key changes: there is no out of pocket expense until you’ve been paid by the IRS; No refundable upfront fees; And you can get paid in 20 days!
Our new streamlined process is simple and hassle-free. If you have your past tax returns readily available, the entire application should take less than 20 minutes. However, if you had previously started an application prior to April 1, 2024, but did not finish, you must start over with our new system and partner.
Go to ProBeautyRelief to learn more and apply now, before the entire program expires.
Qualifications:
To utilize the platform, you must have reported self-employed income on your Schedule C (of your 1040 Tax Return) in either 2020 or 2021 and had your income impacted by COVID in one of these ways:
– You had Covid and/or quarantined
– You took time off to be tested or get vaccinated
– You missed work due to a reaction from the vaccination
– You were subjected to a Government lockdown
– You had a child home due to school closures
– You cared for someone else
If you meet any of these qualifications, don’t delay claiming your share of these retroactive tax credits. And let us reiterate: our new partners are willing to advance the money, so you don’t have to wait for the delays with the IRS!
There’s no catch… you can now claim your Self-Employed Tax Credit (SETC) to get the money you’re owed within 20 days. With the SETC Advance, you will skip the IRS’s long wait (5+ months) and receive your money right away.
This federal tax credit was designed to reimburse you for lost work due to Covid during 2020 and 2021. Our independent pros were among the hardest hit from that dreaded pandemic and the most deserving of this financial assistance, now. Don’t let these retroactive Covid relief funds expire without claiming them. The PBF is here to help every qualified industry pro get their legally entitled share before it’s too late.
The Professional Beauty Federation has been fighting for this industry since 1999. We represent you … we hope you will trust us, now, in helping you financially recover for Covid.
