The Coronavirus Aid, Relief, and Economic protection Act (CARES Act) provides financial help, such as for example small company loans and jobless support, to self-employed people who typically haven’t been qualified to receive such advantages. Companies that rely on gig-economy employees may classify these people as separate contractors as opposed to workers, making workers that are such restricted alternatives for getting advantages. In addition, those who find themselves self-employed or proprietors that are sole be rejected some work-related advantages that regular workers enjoy. This GT Alert describes brand new and expanded opportunities available through the CARES Act for self-employed individuals, single proprietorships, gig economy workers, and separate contractors.
Pandemic Unemployment Help
The CARES Act produces a temporary Pandemic jobless Assistance (PUA) program, makes it possible for self-employed employees, that are otherwise ineligible for jobless advantages under state and federal legislation, to be eligible for such benefits. Continue reading “The CARES Act as well as the Self-Employed: A Primer. Pandemic Unemployment Support”