Read about Novae's recent inclusion on Inc. Magazine's 2024 Inc5000 list on Yahoo Finance
Read about Novae's recent inclusion on Inc. Magazine's 2024 Inc5000 list on Yahoo Finance
Coronavirus Paid Leave Tax Credit for Self Employed Workers paying up to $32,220 for individuals, and $64,440 for couples who filed jointly.
FFCRA helps Independent business owners and contractors receive money for not being able to work during Covid.
$50B approved for SETC — It’s first come first serve. Deadline to file is April 15th, 2025
90% of those mentioned above who had to take time off work in 2020 or 2021 due to COVID-related circumstances qualify for the refund.
Filed within 48 hours and receive your Refund Check within 8-12 weeks!
No Upfront Fees - Pay after you receive your checks.
You will never have to pay for a mistake WE make, GUARANTEED! Our SETC work is 100% insured AND we give it to you in writing!
The Client fee is a percentage of your total SETC refund. Our team of tax professionals will qualify, calculate and prepare all required paperwork ensuring your SETC application is filed within IRS compliance. We consider all tax codes and tax laws required to do this properly.
Fees are due once your application is complete and ready to file. Fees can be paid all at once or you can opt to pay in installments through PayPal.
For fees equaling $1,500 or less, choose to pay over 6 months interest free or in (4) interest free installments starting at the time of filing, with (3) subsequent repayments every 15 days.
For larger refunds with Client fees greater than $1,500, you can finance your payments monthly with PayPal Pay Later. The “Pay Monthly” installment application is quick and simple.
With this option you may select to pay over the course of 6, 12, or 24 months. You must also have a PayPal account in good standing or open a PayPal account to apply. If you do not see monthly option available on your account, please contact PayPal directly.
Please note: It is not required to have a PayPal account to make a payment upfront, you can use your debit card or credit card at checkout.
Our Guarantee: If you do not receive your tax credit for any reason, we will reimburse you any fees paid.
The PPP (Paycheck Protection Program) and the FFCRA (Families First Coronavirus Response Act) are indeed both responses to the economic fallout of COVID-19, but they cater to different needs.
PPP's Role: The PPP is all about bolstering small businesses. It does this by offering loans, which can be forgiven if used primarily for payroll and other eligible expenses. It's essentially a financial lifeline for businesses to keep their teams employed during the pandemic's challenging times.
FFCRA's Focus: On the other hand, FFCRA is not about loans but about providing tax credits. These credits are applied to taxes that individuals, especially the self-employed and employers, have already paid. Unlike the PPP, which is designed to support businesses directly, FFCRA is more individual-focused, offering relief to people impacted by COVID-19 related work disruptions.
While both play crucial roles in pandemic relief, their mechanisms of support differ significantly - one through loans for businesses and the other through tax credits for individuals.