Self-Employed and Independent Contractors Now Qualify for Unemployment Benefits

Article Highlights:

  • Unemployment Compensation Expansion 
  • Qualifications 
  • Limitations 
  • Benefits 
  • Duration of Benefits 
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27th by President Trump, includes an unemployment assistance program for individuals who under normal circumstances would not qualify for unemployment benefits, which traditionally have only applied to employees. Under the CARES Act, unemployment benefits are now available for self-employed individuals, independent contractors and others – even some with limited work history – who are unable to work because of the coronavirus emergency.

Qualifications: To qualify for these expanded unemployment benefits, an individual will have to self-certify that they were available to work but unable to for any of the following reasons:
  • Has been diagnosed with COVID-19 or are experiencing symptoms of COVID-19 and is seeking medical diagnosis; 

  • A member of the individual’s household has been diagnosed with COVID-19; 

  • The individual is providing care for a family member or member of their household who has been diagnosed with COVID-19; 

  • The individual is the primary caregiver for a child or other person in the household who is unable to attend school or another facility as a direct result of COVID-19; 

  • The individual is unable to work because of a COVID-19 imposed quarantine. 

  • The individual is unable to work as the result of being advised to self-quarantine by a health care provider; 

  • The individual was scheduled to start a job, but was unable to do so as a result of the COVID-19 health emergency; 

  • The individual has become a major supporter of a household as the result of the death of the head of household who has died as a direct result of COVID-19; 

  • The individual quit their job as a direct result of COVID-19; or 

  • The individual’s place of employment is closed as a direct result of COVID-19.
Additional eligibility qualifications may be added by the Secretary of Labor.

Individuals who are able to work from home with compensation or are receiving paid sick leave or other paid leave benefits do not qualify.

Benefits paid under this provision will include the amount allowed under state law plus $600 per week for a period of up to four months. The benefit period is extended to 39 weeks (normally 26 weeks in most states). The usual one-week waiting period before receiving benefits is waived. These special benefits only apply beginning on January 27, 2020 and ending on December 31, 2020.

These benefits are paid through state employment departments. To apply, Source code contact the agency in your state. If this office can be of assistance, please call.



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Title: Accounting / Tax Manager 

We are seeking an Accounting/Tax Manager to join our team! You will lead and manage multiple operations of the tax practice area and deliver quality tax services that will increase the firm’s reputation. You will oversee the work of accountants, review financial statements, and prepare reports. Schedule: Monday to Friday. 

Job Type: Full-time. 

Interested parties please call 214-646-0300.  

Duties and Responsibilities: 

  • Manage and Prepare tax returns for over 2,000 individuals, businesses, non-profits and estates 

  • Contact clients to obtain tax documents 

  • Review tax returns with clients 

  • Provide basic tax planning/solutions services to clients 

  • Accounting/Bookkeeping for firm clients in various accounting software (QBO, QBD, Intacct, Xero, Wave, Zoho Books, BQE Core, etc...) 

  • Other administrative tasks when necessary: 

  • Plan and schedule appointments and events 

  • Greet and assist onsite guests 

  • Answer inbound telephone calls 

  • Draft correspondences and other formal documents 

  • Develop and implement organized filing systems 

  • Manage requests from website and social media management company 

Qualifications: 

  • Tax preparation experience is required 

  • Experience with Lacerte / Drake Tax software is required 

  • QuickBooks experience is required 

  • Previous experience in office administration or other related fields 

  • Ability to prioritize and multitask 

  • Excellent written and verbal communication skills 

  • Strong attention to detail 

  • Strong organizational skills 

  • Must be able to speak Hindi and English 

Education: Bachelor's (Required), CPA (required), Enrolled Agent: Preferred. 

Experience level: 3 years. 

Compensation 

Salary: $75,000.00 - $110,000.00 per year 

Benefits: 

  • 401(k) 

  • 401(k) matching 

  • Dental insurance 

  • Disability insurance 

  • Health insurance 

  • Life insurance 

  • Paid time off 

  • Vision insurance 

  • Work from home 

Contact 

Interested parties please call 214-646-0300.