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Congress Passed COVID Relief for Self-Employed Individuals
The Families First Coronavirus Response Act (FFCRA) is a federal law (Public Law No. 116-127) that was passed to assist people impacted by the pandemic by providing paid leave and other benefits. This was extended to include self-employed individuals. This law allows for 1099 tax filers to get up to $32,200 in refundable tax credits. This relief for self-employed individuals is buried in a very complex law that not many people are aware of. Except we are! Why the Wisconsin Restaurant Association is telling you about this Similar to what’s available for 1099’s, our Association helped restaurants get millions of dollars in tax dollars back through what’s called the Employee Retention Credit… also a part of that very thorough and complicated bill that Congress passed to give COVID relief. We did that with the help of our partner, Adesso Capital. And now Adesso Capital wants to help self-employed individuals see if they qualify for the FFCRA tax refund. That’s our connection! We worked with Adesso to help restaurants and now we want to help you. |
Wisconsin Restaurant Association Tax Partner
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Ready to take the quick quiz to see if you qualify
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April 15, 2024 is the deadline to file for 2020 claims,
and April 15, 2025 is the deadline to file for 2021 claims.
Federal Tax Credits Accessible to Self-Employed Individual
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Some examples of self-employed careers that could qualify for these federal tax credits include:
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If independent contractors missed work time due to the following reasons, they can qualify for tax credits of up to $32,200:
Quarantine
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It appears that there isn’t much awareness about this program which means self-employed individuals in Wisconsin may be leaving money on the table that could help sustain their small business.
It can be daunting for self-employed individuals to determine whether they qualify and apply for this credit.
The Wisconsin Restaurant Association, along with their partner Adesso Capital, has been instrumental in assisting Wisconsin's restaurants and other hospitality establishments in reclaiming millions of dollars through the Employee Retention Tax Credit, also part of the government’s COVID relief efforts. The restaurant industry underwent significant challenges and setbacks during the pandemic.
As a result of their work on the ERTC, the Wisconsin Restaurant Association, has partnered with Adesso Capital which has a turnkey program to provide expert assistance to self-employed individuals with the submission of their FFCRA tax credit applications to the IRS. Self-employed individuals who may qualify for this tax credit can visit Adesso Capital’s portal at portal.ffcrarefund.com/pre-qualify/?partnerID=WRA to determine eligibility and calculate tax credits.
Full Disclosure: There is a filing fee charged by Adesso Capital for successful tax credit claims. While the Wisconsin Restaurant Association does receive a small referral commission from Adesso Capital for any successful FFCRA tax credit as a result of their promotion efforts, their main goal is to increase awareness of this tax credit among self-employed individuals including restaurant delivery drivers.
It can be daunting for self-employed individuals to determine whether they qualify and apply for this credit.
The Wisconsin Restaurant Association, along with their partner Adesso Capital, has been instrumental in assisting Wisconsin's restaurants and other hospitality establishments in reclaiming millions of dollars through the Employee Retention Tax Credit, also part of the government’s COVID relief efforts. The restaurant industry underwent significant challenges and setbacks during the pandemic.
As a result of their work on the ERTC, the Wisconsin Restaurant Association, has partnered with Adesso Capital which has a turnkey program to provide expert assistance to self-employed individuals with the submission of their FFCRA tax credit applications to the IRS. Self-employed individuals who may qualify for this tax credit can visit Adesso Capital’s portal at portal.ffcrarefund.com/pre-qualify/?partnerID=WRA to determine eligibility and calculate tax credits.
Full Disclosure: There is a filing fee charged by Adesso Capital for successful tax credit claims. While the Wisconsin Restaurant Association does receive a small referral commission from Adesso Capital for any successful FFCRA tax credit as a result of their promotion efforts, their main goal is to increase awareness of this tax credit among self-employed individuals including restaurant delivery drivers.
