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Tax refunds for business losses

IT Ops Openforce2020-08-07T02:38:56+00:00April 3rd, 2020|

How it helps Under the CARES Act, small businesses and independent workers who pay themselves within a corporate structure (such

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Payroll tax deferments

IT Ops Openforce2020-08-03T17:57:03+00:00April 3rd, 2020|

How it helps Self-employed individuals are required to pay self-employment taxes, usually quarterly. The CARES act, however, allows employers to

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Tax filing deadline extensions

IT Ops Openforce2020-08-03T17:56:23+00:00April 3rd, 2020|

How it helps The IRS has moved the tax filing deadline for individuals and businesses from April 15 to July

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Paid sick and family leave tax credits

IT Ops Openforce2020-08-03T17:55:30+00:00April 3rd, 2020|

How it helps Although independent contractors are not usually included in paid sick leave benefits (though some states may have

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Unemployment benefits

IT Ops Openforce2020-08-07T02:38:56+00:00April 3rd, 2020|

How it helps Self-employed individuals, independent contractors, and gig workers do not usually qualify for unemployment benefits, but the CARES

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Paycheck Protection Program (PPP) loans

IT Ops Openforce2020-08-03T17:53:17+00:00April 3rd, 2020|

How it helps The new PPP loans are designed specifically to provide small businesses, including independent contractors, gig workers and

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Economic Injury Disaster Loans (EIDLs) and advances

IT Ops Openforce2020-08-03T17:54:04+00:00April 3rd, 2020|

How it helps EIDLs are one of two loan options available to self-employed individuals through the CARES Act. These low-interest,

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