The coronavirus pandemic is hitting the U.S. economy hard. And whether you call yourself an independent contractor (IC), owner-operator, gig worker or sole proprietor, as a self-employed individual you may be struggling right now and
looking for help.
But—for the first time ever—new emergency legislation gives independent contractors and other self-employed individuals access to significant benefits programs and financial assistance unavailable to than traditional employees. As a member of the Openforce independent contractor platform community, Openforce is supplying you with the helpful information in this toolkit to allow you to take advantage of as many of these benefits as possible.
What these laws do
The massive Coronavirus Aid, Relief and Economic Security (CARES) Act provides over $2 trillion in relief to American families and businesses. As an independent contractor you may qualify for a wide variety of relief options, such as loans (that may be forgiven in whole or in part), grants, unemployment benefits, deferred taxes and more. At the same time, the Families First Coronavirus Response Act (FFCRA) enables independent workers to access a form of emergency paid leave. Keep reading for a breakdown of these benefits and how they might help you.