Need help with your unemployment insurance claim? Here’s what to do.

By now, it’s no secret that Pandemic Unemployment Assistance (PUA) systems across the country are not working. On May Day, we published the results of our latest survey, in which a shocking 84% of Freelancers Union members who had applied for government assistance had not yet received a single dollar. Four weeks later, things have…

The freelancer’s guide to using your paid leave tax credit

This article is reproduced with permission from A Better Balance. In March, Congress passed a new law called the Families First Coronavirus Response Act (FFCRA). Among other emergency protections, the law creates new tax credits for freelancers and other self-employed people to compensate for lost income when you cannot work for certain coronavirus-related reasons. Here’s…

3 things you should know about the Paycheck Protection Program

This article is reproduced with the permission of our partner, Trupo. Whether you’re a sole proprietor or a small business owner, you might be looking into getting an SBA loan through the Paycheck Protection Program. However, you might be having issues hearing back from a PPP lender, or wonder how Unemployment Insurance or Pandemic Unemployment…

To get a PPP loan forgiven, you’ll need to ask

If you were able to get a loan under the Paycheck Protection Program (PPP) recently, you should be aware of some important follow-up guidance recently released by the IRS that may impact your taxes. PPP loan forgiveness, self-employment income, and your taxes Under the new PPP guidance, any expenses eligible to be forgiven from your…

Five Tricks to Try if You Still Haven’t Gotten Government Relief

This article is reproduced with the permission of our partner, Trupo. Getting federal relief has been challenging for many. Unemployment Insurance can take patience and persistence. For many, it’s discouraging and worrying to repeatedly redial or wait for payments to finally come through. While there are no definite solutions or magic ways to get paid,…

What freelancers need to know about the EIDL program

While the Paycheck Protection Program (PPP) was newly created by the CARES Act, Economic Injury Disaster Loans have been offered by the Small Business Administration for years, traditionally to businesses in regions that have been impacted by a natural disaster. The CARES Act, passed in March as the first major stimulus bill in response to…

Your questions about freelancer unemployment insurance answered

This article is reproduced with the permission of our partner, Trupo. In our Mutual Aid Google Group, one of the most talked-about topics is how to navigate unemployment insurance. However, the guidelines for applying vary from state to state, and some have yet to set up their Pandemic Unemployment Assistance (PUA) programs. This can leave…

How PPP forgiveness can turn a loan into a grant

The Payroll Protection Program (PPP) loan fund is officially tapped out (for now), but if you were able to secure a loan through this program for your freelance business, it is important to know how forgiveness of this loan will work on your 2020 tax return. First, let’s look at what are considered qualified uses…

4 steps to getting your business through COVID-19

This is a sponsored post from Bench, the online bookkeeping service that pairs you with a dedicated bookkeeping team and elegant software to do your books for you. With the effects of COVID-19 rippling through the economy, it’s easy to feel overwhelmed. Many businesses are being forced to shut their doors temporarily. What should you…

How the Paycheck Protection Program can help freelancers

The need-to-know: Freelancers are eligible for forgivable loans to cover 8 weeks of your pay + some expenses like rent and utilitiesYou do not need to prove hardship or lost income to qualify for the loan, or provide collateralYou are more likely to find a lender if you already have a business banking accountStart your…

Everything you need to know about the federal stimulus payments

Under the recently passed CARES Act, the U.S. government is planning to send out Economic Impact Payments (EIP) to taxpayers meeting certain income requirements. If you have paid taxes or received refunds by direct deposit in the past, your payment will be deposited directly to your bank account. If the IRS does not have your…

What the CARES Act means for freelancers

On March 27, an emergency relief bill now known as the CARES Act became law to help bolster the U.S. economy as the country battles the coronavirus. The new law covers a broad cross-section of the economy — including the freelance sector. Of particular note, the relief package gives jobless workers bigger unemployment checks over…

The IRS is offering a host of new tax relief measures

The IRS has stepped up to help people facing the challenges of COVID-19 with a number of measures, including easing payment guidelines and postponing compliance actions for an initial period of April 1 to July 15, 2020. This is in addition to the extension of the tax filing deadline to July 15, 2020. An important…

How freelancers can claim paid sick leave in a coronavirus emergency

On Friday, the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor announced two new refundable tax credits that offer relief to employees, small and midsize businesses, and the self-employed under the Families First Coronavirus Response Act, signed by President Trump on March 18, 2020. How will these credits help freelancers…