Latest news with #selfEmployed
CNA
3 days ago
- Business
- CNA
CNA938 Rewind - Can self-employed persons in the arts thrive in Singapore? Artists say Yes, with the right support
CNA938 Rewind In 'Culture Club', Melanie Oliveiro finds out more about the 'Arts Acceleration Programme for Arts Self-Employed Persons', which started in April, and jointly organised by UOB FinLab and the National Arts Council. A couple of experienced self-employed persons: music director Evan Low, and visual artist and illustrator Toby Tan will share their expertise in diversifying opportunities, harnessing digital tools for entrepreneurship, and leveraging personal branding, among other things.
Associated Press
17-05-2025
- Business
- Associated Press
SETC Pros Announces Millions of Independent Contractors and Self-Employed Americans Just Missed Out on Billions in Relief Money But There Still May Be Time to Claim
Millions of self-employed individuals missed billions in COVID-19 sick and family leave tax credits. If you filed your 2021 taxes late or got an extension, you might still be able to claim up to $32,220 by amending your return within three years of filing. Washington, DC (Hagerstown, MD), United States, May 17, 2025 -- An estimated 30 million self-employed individuals and independent contractors across the United States just missed out on tens of billions of dollars by not claiming their Sick and Family Leave Tax Credits available through the Families First Coronavirus Response Act (FFCRA). The deadline for regular filers passed on April 18th, 2025, due to IRS rules for amending a previous tax return. But there is good news: for those who filed their 2021 taxes late or filed an extension, there is still time to claim these credits and recover much-needed funds. Those who filed late or filed extensions for tax year 2021 in 2022 may still be eligible to claim up to $32,220 in tax credits. Individuals have three years after the initial filing to amend their taxes, meaning those who missed the initial deadline or filed extensions can still apply. For example, if individuals 2021 taxes were filed on June 2, 2022, they have until June 2, 2025, to amend to claim the available tax credits they missed out on that year. If individuals waited until October 15, 2022, to file 2021 taxes, they have until October 15, 2025, to do so. These credits are available for individuals in various professions, including Uber and Lyft drivers, beauty professionals, real estate agents, freelancers, contractors, small business owners, independent consultants, and anyone else who was self-employed or a 1099 contractor and faced disruptions during the COVID-19 pandemic. If individuals were self-employed in 2021 and missed work due to their own illness or to care for a family member, they may still qualify for these valuable credits. Ryan Umina, CEO of SETC Pros and a Top 40 Under 40 lawyer, explains: 'Several million self-employed individuals and independent contractors have missed out on billions in tax credits because they simply didn't take action before the deadline. The great news is that there's still time for those who filed late or filed an extension for 2021. We're here to help make the process simple, fast, and secure. Our data shows that around 40% of self-employed Americans filed late or filed extensions in 2021, leaving time for an estimated 10-15 million people to claim the credits they deserve. It's money that they're owed but didn't know about when they filed for 2021–no different than any other tax credit that their accountant or tax software forgot to claim.' SETC Pros is at the forefront of helping self-employed individuals recover their Sick and Family Leave Tax Credits. Since its founding, the company has helped over 250,000 clients uncover more than $200,000,000.00 in missed tax credits. Through strategic partnerships with and others, SETC Pros proprietary software platform makes the process simple, safe, and secure. The average refund amount for an individual is about $5,000.00 but varies based upon income and dependent care. 'We believe it's our duty to make sure people know about this opportunity and act before it's too late,' says Ryan Umina, CEO of SETC Pros. 'We're committed to ensuring that those who qualify get the money they deserve, as quickly as possible.' SETC Pros offers a free eligibility check, and most customers pay nothing until they receive their refund. To learn more, visit About SETC Pros: SETC Pros helps self-employed individuals claim the Sick and Family Leave Tax Credits established by the FFCRA legislation, having secured over $200 million in refunds for more than 250,000 clients. The company partners with for secure identity verification, offers industry-leading software, and provides an FDIC-insured Advance Loan to give clients fast access to their funds. For more information, visit For Media Inquiries: Contact: Scott Singer [email protected] 480-747-3944 Contact Info: Name: Scott Singer Email: Send Email Organization: SETC Pros Phone: 480-747-3944 Website: Release ID: 89159958 Should you detect any errors, issues, or discrepancies with the content contained within this press release, or if you need assistance with a press release takedown, we kindly request that you inform us immediately by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our expert team will be available to promptly respond and take necessary steps within the next 8 hours to resolve any identified issues or guide you through the removal process. We value the trust placed in us by our readers and remain dedicated to providing accurate and reliable information.
Yahoo
16-05-2025
- Business
- Yahoo
HMRC set to introduce 'biggest' tax challenge for people who earn over £50,000
HMRC's Making Tax Digitalhas been named the 'biggest challenge' of the next 12 months with thousands at risk of future fines. Making Tax Digital for income tax is expected to be implemented for all self-employed people earning over £50,000 by next April. Just 3% of self-employed people are currently using the required third-party software to submit their tax returns, demonstrating how significant the shift will be over the next year. A new survey by accounting conference and expo Accountex London has found that 4 in 5 accounting professionals think MTD for income tax is the 'biggest challenge' of the next 12 months. READ MORE: UK tourists in Tenerife and Gran Canaria warned as protesters say 'we will not stop' READ MORE: DWP announces exact month bank account checks will begin for three benefits READ MORE UK tourists warned as people 'abandon' Majorca and 'can't take it anymore' Craig Ogilvie, Director of Making Tax Digital at HMRC said: 'With April 2026 on the horizon, we are issuing letters to customers we believe will be mandated, outlining specific requirements and timelines. We urge those who meet the mandation criteria to join our testing programme on now to help shape the final service and make your transition smoother.' Clive Barnett, External Readiness Lead, HMRC: 'Joining our MTD for Income Tax testing phase now gives businesses and agents hands-on experience before April 2026. Participants can prepare for this significant change with benefits such as dedicated support and penalty-free quarterly submissions. 'HMRC is making sure our marketing, communications and product launches all align to ensure there's a package of support around during the testing period and the long-term adoption to help people make the right choices for their business and clients.' Eriona Bajrakutaj, founder of Volt Digital Transformation, explains that MTD implementation will require further communication with clients, potentially requiring firms to hire more accountants. Eriona said: 'If you do not implement digital systems, you will need the extra capacity because we're now going to see clients five times a year. I think managing client expectations will be a big challenge because it means clients will need to reframe their business model to ensure it can report in a digital format. But clients can actually be trained quite easily. The biggest push back to be aware of is from your team. If they don't want to go on the digital journey, it will hinder how fast you get there and how well you can service your clients. Try to involve your teams during every step of the process so they can see what you're trying to achieve and know their opinion matters as you transition.'
South China Morning Post
15-05-2025
- Business
- South China Morning Post
To be or not to be in chambers: that is the question for Hong Kong barristers
Barristers in private practice are self-employed – we are our own bosses and, theoretically, masters of our own time and working style. Advertisement There is no punching in or out for work and it is up to us whether we even wish to turn up in chambers on a given day. There is no year-end performance appraisal where your boss may want a word with you on your daily punctuality. Some say we are the 'original remote-working profession'. It may appear primed for remote working, but judging from my own experience, the profession that I entered a mere two decades ago was instead primal when it came to working from home. Case papers would come in hard-copy bundles. If you wanted to read them, then they had to be with you – you needed big carrying bags and biceps to lug them home, but we barristers usually had only one of them. Case authorities and textbooks would be hard copies on bookshelves in chambers (some more considerate than others by being in paperback). They were shared by all barristers in your chambers, so if you wanted to bring them home you had to be big, period. Advertisement Therefore, traditionally (read 'archaically'), barristers tend to be in chambers, at least when they have work to do.
