The Self-Employed Tax Credit (SETC)

You may be eligible for up to $32,220 in tax credits from 2020 & 2021

The SETC is a specialized tax credit designed to provide support to self-employed individuals during the COVID-19 pandemic. It acknowledges the unique challenges faced by those who work for themselves, especially during times of illness, caregiving responsibilities, quarantine, and related circumstances. This credit can be a valuable resource for eligible individuals to help bridge financial gaps caused by unforeseen disruptions.

Understanding the unique circumstances that self-employed individuals face, we’ve partnered with Anchor Accounting Service to ensure that you don’t miss out on this invaluable opportunity. Whether you’re a self-employed business owner, a 1099 subcontractor, or a family-centric small business, the SETC holds the potential to bridge the gap left by more traditional forms of support.

Almost everybody with schedule C income qualifies to some extent.

Key Eligibility Criteria

Self-Employed Status:
If you were self-employed in 2020 and/or 2021, you could potentially qualify for the SETC. This includes sole proprietors who run businesses with employees, 1099 subcontractors, and single-member LLCs. If you filed a “Schedule C” or a Partnership (1065) on your federal tax returns for 2020 and/or 2021, you’re on the right track

COVID Impacts:

Whether you battled COVID, experienced COVID-like symptoms, needed to quarantine, underwent testing, or cared for a family member affected by the virus, the SETC could be your financial relief. If the closure of your child’s school or daycare due to COVID restrictions forced you to stay home and impacted your work, we’re here to help.

Important Note:
Sub S or True S Corps / C Corps are not eligible for the SETC. This unique tax credit is exclusively available to business owners who filed a “Schedule C” or a Partnership (1065) on their federal tax returns for 2020 and/or 2021 When you’re ready to apply, you’ll need a few tax documents, the date(s) that qualify you, and two completed documents

Professional Employer Organization

The first ever comprehensive benefits specifically for the self-employed, gig worker, and independent professional.

GigWorker Solutions stands as an industry pioneer, as we’ve constructed the first Professional Employer Organization (PEO) built on a foundation of technology. By utilizing the PEO model, we are able to create a dual employment relationship where gig-workers can maintain their independence while also gaining the advantages of being a part of a large employee group. This makes GigWorker Solutions the only place for the self-employed to access group rate benefits.

Due to our emphasis on technology and innovation, we are able to provide all the essentials for the standard $175 monthly fee, and also provide access to additional benefits at rates comparable to what employees receive at larger corporations.

Anyone who is paid via 1099, self employed, or independently contracting is considered a “gig-worker” .

What we Provide

Included with Enrollment:

  • Essential Health and Telemedicine
  • Workers Comp
  • Payroll (W2 Income Verification)
  • Access to 401k Retirement Plan
  • Group Life Insurance
  • Family Identity Protection

Additional Electable Benefits:

  • Major Medical
  • Dental
  • Vision
  • Disability Insurance
  • Critical Illness Insurance
  • Legal Protection

Advocates for Independents:

With numerous government entities and legislation threatening the vitality of the gig-economy and those working in it, we are constantly searching for resources and innovations on behalf of the gig worker. Between discovering and providing access to things like the Self-Employed Tax Credit, keeping you up to date on issues such as the Department of Labor’sWar on the 1099, and creating partnerships with some the largest benefits providers in the world, we are working 24/7 to make sure that “companies of one” are never truly alone.

Platform Requirements:

In order to create the dual enrollment status which allows us to provide group benefits, You’ll need to be registered as an S-Corp (with no W2 Employees) making at least $36,000 annually, but don’t worry! If you’re not an S-Corp, we’ll take care of you during the short 15-minute enrollment process.