The self-employed person can receive an income tax credit of $200 per day, up to a maximum of $10,000.
FAMILIES FIRST CORONAVIRUS RESPONSE ACT – Tax Credit 2 of 4
The “Act” provides a refundable income tax credit for sick leave of a self-employed person for qualified Sick Leave. The credit first reduces a self-employed individual’s income tax liability and any balance is refunded.
Small Businesses Eligible for Numerous Relief Programs During COVID-19 Crisis
Congress passed several pieces of legislation with provisions to help small businesses shore up their coffers and keep employees on the payroll.
Advantages and Disadvantages of Self-Employment
Whether you’re running your own business or working as an independent contractor, you’ll soon realize that working for yourself isn’t just another job, it’s a way of life