HIGHLIGHTS • Your Free Relief Money is Now Even Easier to Get w/ Fred Jones
The Hair Game
Salon Republic
4.6 • 570 Ratings
🗓️ 29 July 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
These are clips highlighting some of the topics discussed in the full episode! Check it out if you want a bite-sized version of the full episode.
The Professional Beauty Federation heard your concerns and made it even easier to get your free relief money - with NO upfront cost to you.
Companies got a bunch of Covid relief money... but what about the independent and self-employed? They did too, and it's still out there!
Fred Jones, Head Counsel and Advocate for the Professional Beauty Federation joins this week to share an update on the Self-Employed Tax Credit. This little known federal program seeks to replace income that 1099, self-employed and independent salon, spa, and barbershop workers lost during the Covid years — as a result of lockdowns, worksite capacity limits, Covid illness or vaccine reactions, medical or self-imposed quarantines, children stuck at home doing virtual/remote learning, etc.
Listen in to see if you qualify and how much you could be getting!
Want to have the Professional Beauty Federation take care of all the information and paperwork for you? Go to www.probeautyrelief.com to learn more.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | These are the highlights of the full episode. |
| 0:08.5 | Hey everybody, Donovan here, producer of the Hair Game podcast. |
| 0:12.5 | Our new Salon Republic location in West Hollywood on Santa Monica Boulevard is opening this week. |
| 0:18.8 | So, book your tour, come on down. See it in person and pick out |
| 0:23.6 | your space. We still have some studios available. Also, our location of Westwoods opening this fall |
| 0:28.0 | and a second location in Encino as well. Go to slownerpublic.com or our link in bio to book |
| 0:35.3 | your tour. All right, now on to our episode with Fred Jones. |
| 0:39.8 | But really, the real value for the listeners to take from this episode is the SETC, |
| 0:44.0 | the self-employed tax credit, the one that very few people have heard of because the fact |
| 0:49.6 | is it's individual business owners and the amount of stimulus funds that these guys and girls |
| 0:59.6 | are owed typically doesn't justify a professional company to go out there and market for them |
| 1:06.8 | or market to attract them to then file for them. However, the PBF did put a lot of effort |
| 1:14.4 | into helping people get this. And so let's talk about that. What did the PBF do in order to help |
| 1:22.1 | an independent beauty professional file for this SETC money. |
| 1:34.0 | Yeah, and I think the best way of thinking of SETC is it's essentially paid sick leave and family care credits for people that aren't employees and therefore don't get those |
| 1:41.0 | benefits as an employee of an employer, right? |
| 1:45.0 | So that's really kind of the purpose behind SCTC is the federal government's coming in and stepping in saying, |
| 1:51.0 | we recognize that these quote unquote non-essential industries were seriously harmed financially by COVID. |
| 1:58.0 | We also recognize because they're independent, they don't have an employer that they can lean on to cover their losses. |
| 2:04.6 | So we, the federal government, will pay a percentage of the taxes they paid already as a means of helping them recoup their losses. |
| 2:19.3 | And so that's really kind of it in the nutshell. |
| 2:22.3 | This is a tax credit based on self-employment taxes that they've already paid in either 2020 and or 2021. |
... |
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