Samra Capital

Receive Up To $32,200 In Under 10 Days

If you’re self employed, you are very likely eligible for the Self Employment Tax Credit (SETC) which is apart of the IRS FFCRA program.

File the SETC safely through our experienced CPAs who specialize in maximizing your Self Employment Tax Credit. 

The SETC

Self Employment Tax Credit

What Is The SETC?

The SETC is a specialized tax credit designed to provide support to self-employed individuals during the COVID-19 pandemic. It acknowledges the unique challenges faced by self employed individuals. 

Are You Self Employed?

You qualify If you were self-employed in 2020 and/or 2021. Including: Sole proprietors who run businesses with employees 1099 subcontractors, and single-member LLCs. If you filed a “Schedule C” or a Partnership (1065) on your federal tax returns for 2020 and/or 2021

Did COVID Impact you?

You also qualify if you battled COVID, experienced COVID-like symptoms, needed to quarantine, underwent testing, or cared for a family member affected by the virus, the SETC could be your financial relief.

ABOUT

CPAs That Specialize in The SETC

Proven Track Record

We have secured over $27M in SETC refunds for our clients to date.

SETC Analysis

Through extensive tax credit knowledge, our CPAs will work to get you the highest SETC amount you are legally eligible for.

Zero Upfront Fees

You only pay us a 20% fee once your SETC check actually arrives.

Frequently Asked Questions

Our CPA and EA’s will need to file an amendment on your tax return. All we require from you is a copy of your 2019, 2020 and 2021 tax returns and a copy of your driver’s license, and we’ll handle the rest.

The Sick and family Leave tax credit for self-employed and 1099 workers is for eligible self-employed individuals or independent contractors.

 

Under the FFCRA, eligible self-employed individuals or independent contractors could claim a refundable tax credit against their income tax liability for up to 100% of the qualified sick and family leave equivalent amounts, subject to certain limitations, if they were unable to work or telework due to COVID-19-related reasons.

 

The qualified sick leave equivalent amount was the lesser of either $511 per day or 100% of the average daily self-employment income for each day an individual was unable to work or telework because they were subject to a quarantine or isolation order, had COVID-19 symptoms and were seeking a medical diagnosis, or were caring for someone who was subject to a quarantine or isolation order or who had COVID-19 symptoms.

 

The qualified family leave equivalent amount was the lesser of either $200 per day or 67% of the average daily self-employment income for each day an individual was unable to work or telework because they needed to care for a child whose school or place of care was closed due to COVID-19.

 

To claim the tax credit, eligible self-employed individuals or independent contractors would report the qualified sick and family leave equivalent amounts on their 2019, 2020 or 2021 tax return, depending on when the leave was taken.

For the most part, all we require is your 2019, 2020 and 2021 tax return including your schedule C and a copy of your driver’s license for identification.

Within 10 days. We will begin processing your file once we receive the documentation from you. 

There are no upfront fees and we only charge 20% of your total credit once you receive your funds. 

Not at all. Our website has an agreement letter that you must read, sign, and date. You will also need to upload a copy of your 2019, 2020, and 2021 tax returns and a copy of your driver’s license. That’s it. We make the process as easy and stress-free as we can for you. Once we have your tax returns, we’ll take over and get everything filed for you.

Yes. This tax credit is for self-employed individuals, small business owners, freelancers, and 1099 contractors only.

A few factors go into calculating your tax credit refund amount. The most significant factors would be: 1. Your net income from your Schedule C on your 2019, 2020, and 2021 tax returns. 2. How many days you were out sick or told to quarantine with Covid-19 3. How long you might have cared for a loved one affected by Covid-19? 4. How long were schools or daycare centers closed (and you were forced to care for a minor child during the closings)

We are the only firm in the country that is able to get your funds to your within 10 business days (through our SETC Advance Program), whereas it usually takes 12-20 weeks to receive your funds with other providers.

Please call us at 814-200-8960. We’re happy to talk to you and answer any questions you may have.

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