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thoughtfulsoulperfection · 3 years

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The Future of Work -2021 and Beyond

The Future of Work - 2021 What's Next

The world of work will be radically different in the future. From hyper-surveillance of staff to digital nomadism to robots taking jobs—how, where and why we work is changing beyond all recognition. This is the workforce of the future. Technology is transforming the world of work beyond all recognition creating groundbreaking opportunities. But it's also eroding the rights of workers. Some even fear a dystopian jobless future. But are these anxieties overblown? How we react to this brave new world of work today will shape societies for generations to come. What are the forces shaping how people live and work and how power is wielded in the modern age?

Where are we headed in 2021? Work is changing rapidly. Our old 8-5 - office work has been changing for a long time.

The Pandemic quarantines has accelerated our choices, and has shown us that dependency upon the old ways of working may not offer the security it once did.

For several years, people have suggested that multiple income options are desirable in the new economy. Our economy has been very vulnerable and is even more unsteady at this time.

When we are thinking about how to prepare for our future, what do we do? Most people reply to this question, "save money for those difficult periods." An additional answer is to find alternative ways of making money, preferably one that you enjoy, and/or would provide some type of passive income opportunity.

Discover for yourself new ideas. We are seeing a switch to many everyday actions becoming performed through technology. People, however, are creative. Never forget that! Our ingenuity and imagination creates and produces. We are not merely "robots", ourselves, but living, thinking beings. Never forget that one important fact. Discover your next move. Spend time with yourself to discover your best direction. We are definitely living in a time of change. Our lives depends upon us being open for change. When we begin to see only one way for our path, we find a dead end.

Stay Open To New Opportunities. Remember: "When One Door Closes, Another Opens."

There is a change in our world today.

Finding Our Next Best Step Takes Awareness of Where We Want To Be.

We all have purpose in our lives. Find What Speaks To Your Heart, Follow Your Passions and discover the directions that you are mean't to travel.

Thanks for Reading and Thanks For Sharing

DFoster and Friends.

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getlinvoicing · 3 years

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How the New Stimulus Package Will Help Freelancers, Contractors, and Small Business Owners?

Pandemic has caused a decrease in the demand for work and goods. It has led to unemployment on a large scale.

The freelancers and small business owners are also facing the effect of it. They have lost finances, and many of them are in debt due to it.

Luckily, the government noticed their problem and is providing relief packages for them. Here's what the new stimulus package brings for them.

Benefits Of The New Stimulus Package

The new stimulus package bill Congress passed is a 900-billion-dollar package. Its main motive is to empower small business owners, freelancers, and gig economy workers.

The bill has two different programs for the people-PPP and EIDL, like the first stimulus package. The following are some other benefits that this package will offer.

Financial Support

As part of the Care program, freelancers will receive $600 per week in federal benefits. The benefits will be in addition to the unemployment benefits and applicable for four months until 31 July 2020.

Sick Day Tax Relief

Under the new Tax Credit form, the taxpayer can get tax refunds for any leave taken in the quarter. The leave doesn't have to be coronavirus related; even common sickness will count.

However, the credit only applies if you are isolated under orders from the government or health care providers. It also covers people who are taking care of someone in isolation or for children.

Moreover, you cannot get a refund for more than ten days. It will cover around 67% of your daily earning of up to 200 dollars.

Caregiving Leaves

The caregiving leave system is identical to the above-mentioned paid leave system. It has the same rules and the tax return percentage.

But this leave is available for around 50 days. It's specific to small business owners who have to take care of their children whose caretakers are not available.

Unemployment Insurance

The self-employed who have lost their work due to any corona related issuer can apply for an unemployment program in their residing state. Under this program, the eligible can get a fixed amount to sustain their lives.

The amount and criteria for this program vary in each state, and you might want to check with your state to know its full extent.

But you can expect at least one-half of the average state weekly unemployment insurance amount. Most probably something around $190 per week.

Health Care

If you earn less than $1400 per month for a single or $2950 for a family of four, you can avail health care under the Affordable care act.

The act covers all the self-employed or freelancers who cannot afford to buy or renew their health policies.

Under the act called Medicaid, 36 states and the District of Columbia will provide free healthcare. The benefit is not available for any high-earning person or people with active policies.

Moreover, the unemployment payment excluding the temporary weekly payment also counts into your income for this act.

Taxation Rules

Previously, the worker had to pay for both their social security and Medicaid in taxation. But, under the circumstances, the government has decided to provide relief in this sector.

Now, the worker can avoid paying half of their social security taxes in a single payment. They can pay it in installments-one half by the end of 2021 and the other half by 2022.

The tax department has also made amendments in the quarterly income tax payment for small business owners and freelancers.

They are also letting individuals or corporations who have lost money this year some relief. They can use their losses to offset their income over the last five years.

The Final Words

The few benefits you read may not seem much to you, but they will create a difference for some. In the long term, they will save businesses and individuals from bankruptcy and bring the state economy to its fullest.

So, if you are suffering income loss due to the Corona pandemic in direct or indirect ways, make sure to use these relief packages.

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samuelfields · 4 years

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How to Apply for a $1,000 Grant if You're a Freelancer or Gig Economy Worker

In March, Congress passed a stimulus package, the CARES Act, in response to the COVID-19 outbreak. The landmark bill has provisions, including the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL), that have offered a lifeline to small businesses grappling with a loss of revenue amid…

from Finance https://twocents.lifehacker.com/how-to-apply-for-a-1-000-grant-if-youre-a-freelancer-o-1844308392 via http://www.rssmix.com/

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mcjoelcain · 4 years

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How to Apply for a $1,000 Grant if You're a Freelancer or Gig Economy Worker

In March, Congress passed a stimulus package, the CARES Act, in response to the COVID-19 outbreak. The landmark bill has provisions, including the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL), that have offered a lifeline to small businesses grappling with a loss of revenue amid…

from Money https://twocents.lifehacker.com/how-to-apply-for-a-1-000-grant-if-youre-a-freelancer-o-1844308392 via http://www.rssmix.com/

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akir · 4 years

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Under the CARES Act passed on March 27, 2020, independent contractors, gig workers, and freelancers affected by the coronavirus crisis are eligible to receive a government grant of $1,000. The SBA sometimes refers to these grants as “advances,” but you are not required to repay this money to the government. The application process involves filling out a simple SBA form requesting an Economic Injury Disaster Recovery Loan (EIDL), which provides for the advance even if the loan is not granted. https://www.instagram.com/p/CCeoLPqAhxO/?igshid=1gt1zpnup9fhj

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theartsarea · 4 years

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Arts Support Included in Third Phase of Federal COVID-19 Relief Bill The bill currently (3/26) being voted on includes the following arts-related items to address the continuing damage caused by the COVID-19 virus: Federal Arts Funding (Note: This is a supplement to their annual appropriations) • $75 million for the National Endowment for the Arts • $75 million for the National Endowment for the Humanities Special note: Congress accepted to waive matching grant requirements and to waive the requirement for grants to be project-specific. All these new fast-track grants will be for general operating support with no match. • $75 million for the Corporation for Public Broadcasting • $50 million for the Institute of Library and Museum Sciences • $25 million for the Kennedy Center • $7.5 million for the Smithsonian Community Development Block Grants, Small Business Administration, and Unemployment Insurance • $5 billion for Community Development Block Grants to cities and counties. Arts groups should work directly with their mayors and local economic development offices for grant support. • $350 billion for Small Business Administration (SBA) emergency loans of up to $10 million for small businesses—including nonprofits (with less than 500 employees), sole proprietors, independent contractors, and self-employed individuals (like individual artists)—to cover payroll costs, mortgage/rent costs, utilities, and other operations. These loans can be forgiven if used for those purposes. • $10 billion for Emergency Economic Injury Disaster Loans (EIDL) for loans up to $10,000 for small businesses and nonprofits to be used for providing paid sick leave for employees, maintaining payroll, mortgage/rent payments, and other operating costs; • Expanded Unemployment Insurance (UI) that includes coverage for furloughed workers, freelancers, and "gig economy" workers. The bill also increases UI payments by $600/week for four months, in addition to what one claims under a state unemployment program. Charitable Giving Tax Deduction • An "above-the-line" or universal charitable giving incentive for contributions made in 2020 of up to $300. Source: Americans for the Arts https://www.instagram.com/p/B-NG385hxx7/?igshid=ru6xmd3ijc8u

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maximuswolf · 4 years

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Thoughts on EIDL Fraud via /r/business

Thoughts on EIDL Fraud

I am very disappointed but I have found out that a few people I know have received more than 10k for applying for the EIDL. I’m so upset with them. It’s really been kicking me as I have been working really hard at my job and they have been receiving more money than I make while having unemployment benefits and getting this SBA EIDL loan. They are partying and are parasitic to our economy and dollar.

They are not sole proprietors, nor contractors and definitely not gig workers. One of them is even a student and is still getting unemployment checks. I’m pissed.

These loans are meant to help people who really need it.

What are going to be their consequences? There has to be some safe guards to this. No telling how many other people are doing this.

Submitted August 02, 2020 at 01:14AM by OptiFinancial via reddit https://ift.tt/2Xjv4zr

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ckc4me · 4 years

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IF YOU ARE A GIG WORKER, SELF EMPLOYED OR SMALL BUSINESS THEN THIS CLASS ACTION LAWSUIT IS FOR YOU!!!! EIDL $10000 Grant Stimulus Checks Are BACK! SBA Loan Second Package Update

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asfeedin · 4 years

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Free Money From the Government for Small Businesses and Independent Contractors: FAQs on the Newly Expanded SBA Grant Program

Under the CARES Act passed on March 27, 2020, independent contractors, small businesses, gig workers, and freelancers are eligible to receive a government grant of up to $10,000. The SBA sometimes refers to these grants as “advances,” but you are not required to repay this money to the government.

The application process involves filling out an SBA form requesting an Economic Injury Disaster Recovery Loan (EIDL), which provides for the advance even if the loan is not granted.

Initially, $10 billion was allocated by the government for these grants, but due to the overwhelming amount of applications, the SBA suspended accepting new applications in mid-April 2020 due to lapse in appropriations for the grants.

The SBA is now lifting the suspension because legislation passed on April 23, 2020, allocating another $60 billion for EIDL and grants thereunder.

Who Is Eligible for the Grants?

In addition to the entities that are already eligible for SBA disaster loans and grants, eligibility was expanded to include:

Sole proprietorships, with or without employees

Independent contractors

Business entities with 500 or fewer employees

Cooperatives and employee-owned businesses

Private non-profits or 501(c)(19) veterans organizations

Tribal small businesses

You must have been in business as of January 31, 2020. Expanded eligibility criteria and the grants are only available until December 31, 2020.

How Much Can I Get from the Grants?

As a result of the very high demand for these grants, the SBA implemented a $1,000 cap per employee on the advance, up to a maximum of $10,000. If you are a freelancer, this apparently effectively limits the advance to $1,000. If you are a business with five employees, then the advance would be limited to $5,000. If you are a business with 10 or more employees, the advance is limited to $10,000.

Where Do I Apply Online for the SBA Grant?

The application should be found at covid19relief.sba.gov/#/ (if for some reason it isn’t there, do a Google search on “SBA disaster loan application.”). (As of this writing, the SBA still needs to update the page to reflect that new appropriations for the grant program have been made by Congress on April 23, 2020.) Background information from the SBA can be found at www.sba.gov/disaster-assistance/coronavirus-covid-19.

I Applied for the SBA Grant Already, But I Have Not Heard Anything. Should I Apply Again?

That depends. If you applied before March 29, 2020, you will need to resubmit your application. Otherwise, the SBA is asking for patience.

What Advice Is There for Completing the SBA Application as an Independent Contractor or Freelancer?

If you are an independent contractor, freelancer, or gig worker, here are some tips on filling out the application:

On the first question, check the second box as you are applying as an independent contractor or sole proprietorship.

You must add your social security number if you are applying as an individual independent contractor.

The form will ask you for the gross revenues for the last 12 months for your independent contractor business and the “cost of goods sold.” You can estimate this based on what happened in 2019. Cost of goods sold means the expenses incurred in the process of providing your service or product as a freelancer or independent contractor.

Where it asks for “Owner” put your name and “100” percent owner.

It will ask for the date the business was established. This is the date you started doing freelance or independent contractor work. Just estimate if you don’t have the exact date, but make sure it was before January 31, 2020.

The form will ask for the bank account to which you want the grant money direct deposited. You need the name of your bank, the account number (the middle number at the bottom of your checks), and the routing number (the number at the bottom left of your checks). See the question below on direct depositing.

For your business phone number, it’s OK to give your cell number.

On the question “Is your business owned by a business entity?”, the answer is no since you are an individual owner.

When the form asks for your business name, just enter your individual name if you don’t have a business name.

You can ignore the question “If anyone assisted you in completing this application …” unless you have in fact gotten help.

Make sure to check the box that says you want to apply for the $10,000 grant (although it will only be $1,000 for independent contractors).

The form should take about 15 minutes to fill out. After it is completed and submitted, the SBA will give you a confirmation number, so keep a copy of that for any follow-up.

How Can I Make Sure I Provide My Correct Direct Deposit Information to the SBA?

The direct deposit information is as follows:

The name of your bank

Your bank account number, which can be up to 17 characters. On the sample check below, the account number is 2020202086.

The “routing number” for your bank, which must contain 9 digits. On the sample check below, the routing number is 250250025.

Don’t include the check number (1234 on the image below).

Double check that you have provided the correct numbers.

How Long Will It Take to Actually Get the Grant Money from the SBA?

The CARES Act originally required the SBA to grant the money within 3 days of application. But due to the overwhelming response, it has not been able to do so. Some people report having received grant money, but many are still waiting. You should anticipate that any new applications could result in a wait of weeks or longer.

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Tags: Businesses, Contractors, Expanded, FAQs, Free, Government, Grant, Independent, Money, Newly, Program, SBA, Small

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giarts · 4 years

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Congress Passes Covid-19 Emergency Bill That Includes Provisions Impacting the Arts and Nonprofits

Submitted by Carmen Graciela Díaz on March 27, 2020

Congress gave final approval on Friday, March 27, to a $2 trillion measure that will deliver "direct payments and jobless benefits for individuals, money for states and a huge bailout fund for businesses" battered by coronavirus crisis, as The New York Times reported.

As Americans for the Arts wrote, the measure includes provisions supporting the arts:

This vital piece of legislation includes direct support for both nonprofit cultural organizations and state and local arts and humanities agencies, as well as economic relief provisions for independent contractors, "gig economy" workers and artists, entrepreneurs, and small businesses working in the creative economy.

Here are some provisions related to nonprofits, specifically:

Charitable contributions– allows individuals to make contributions up to $300 to qualifying charities and deduct the contribution “above the line” in computing adjusted gross income (AGI). Also modifies the AGI limitations on charitable contributions for 2020, to 100% of AGI for individuals and 25% of taxable income for corporations.

Employee Retention Credit – provides a credit against social security payroll taxes (6.2%) for any business – including non-profits - that close or suspend its operations due to the virus.

Delay Payroll Tax – Employers - including non-profits- struggling to make payroll would be able to delay their share of the 6.2% Social Security tax that would otherwise be due from now until the end of the year.

Economic Injury Disaster Loan (EIDL) – Creates expedited access to capital by establishing a $10 billion program for small businesses, including non-profits, who have applied for an EIDL loan to request an advance of up to $10,000 on the loan to provide paid sick leave to employees, maintaining payroll, and other debt obligations.

Paycheck protection program - $350 billion for 8-weeks of cash-flow assistance to small business and small non-profits (under 500 employees) through guaranteed loans. Loan may be forgiven if they largely maintain their payroll. Economic Injury Disaster Loan (EIDL) – Creates expedited access to capital by establishing a $10 billion program for small businesses, including non-profits, who have applied for an EIDL loan to request an advance of up to $10,000 on the loan to provide paid sick leave to employees, maintaining payroll, and other debt obligations.

from Finance https://twocents.lifehacker.com/how-to-apply-for-a-1-000-grant-if-youre-a-freelancer-o-1844308392 via http://www.rssmix.com/

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mcjoelcain · 4 years

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How to Apply for a $1,000 Grant if You're a Freelancer or Gig Economy Worker

In March, Congress passed a stimulus package, the CARES Act, in response to the COVID-19 outbreak. The landmark bill has provisions, including the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDL), that have offered a lifeline to small businesses grappling with a loss of revenue amid…

from Money https://twocents.lifehacker.com/how-to-apply-for-a-1-000-grant-if-youre-a-freelancer-o-1844308392 via http://www.rssmix.com/

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asfeedin · 4 years

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How to Get $1000 if You Are a Freelancer, Gig Worker or Independent Contractor

Under the CARES Act passed on March 27, 2020, independent contractors, gig workers, and freelancers affected by the coronavirus crisis are eligible to receive a government grant of $1000. The SBA sometimes refers to these grants as “advances,” but you are not required to repay this money to the government.

The application process involves filling out a simple SBA form requesting an Economic Injury Disaster Recovery Loan (EIDL), which provides for the advance even if the loan is not granted.

Initially, $10 billion was allocated by the government for these grants, but due to the overwhelming amount of applications, the SBA suspended accepting new applications in mid-April 2020 due to lapse in appropriations for the grants.

But now the SBA is lifting the suspension because legislation passed on April 23, 2020, allocated another $60 billion for EIDL and grants thereunder.

Who Is Eligible for the Grants?

In addition to the entities that are already eligible for SBA disaster loans and grants, eligibility was expanded to include:

Sole proprietorships, with or without employees

Independent contractors

Freelancers

Gig workers

You must have been in business as of January 31, 2020. Expanded eligibility criteria and the grants are only available until December 31, 2020. But the SBA will quickly run out of money, so you should apply as soon as possible.

Where Do I Apply Online for the SBA Grant?

The application should be found at covid19relief.sba.gov/#/ (if for some reason it isn’t there, do a Google search on “SBA disaster loan application”). Background information from the SBA can be found at https://www.sba.gov/disaster-assistance/coronavirus-covid-19.

What Advice Is There for Completing the SBA Application?

If you are an independent contractor, freelancer, or gig worker, here are some tips on filling out the application:

On the first question, check the second box as you are applying as an independent contractor or sole proprietorship.

You must add your Social Security number if you are applying as an individual independent contractor, freelancer, or gig worker.

The form will ask you for the gross revenues for the last 12 months for your independent contractor business and the “cost of goods sold.” You can estimate this based on what happened in 2019. Cost of goods sold means the expenses incurred in the process of providing your product or service as a freelancer, gig worker, or independent contractor.

Where it asks for “Owner” put your name and “100” percent owner.

It will ask for the date the business was established. This is the date you started doing freelance, gig work, or independent contractor work. Just estimate if you don’t have the exact date, but make sure it was before January 31, 2020.

The form will ask for the bank account to which you want the grant money direct deposited. You need the name of your bank, the account number (the middle number at the bottom of your checks), and the routing number (the number at the bottom left of your checks). See the question below on direct depositing.

For your business phone number, it’s okay to give your cell number.

“Is your business owned by a business entity?” The answer is no since you are an individual owner.

When the form asks for your business name, just enter your individual name if you don’t have a business name.

You can ignore the question “If anyone assisted you in completing this application …” unless you have in fact gotten help.

Make sure to check the box that says you want to apply for the $10,000 grant (although it will only be $1,000 for independent contractors, freelancers, and gig workers).

The form should take about 15 minutes to fill out. After it is completed and submitted, the SBA will give you a confirmation number, so keep a copy of that for any follow-up.

How Can I Make Sure I Provide My Correct Direct Deposit Information to the SBA?

Direct deposit information is as follows:

The name of your bank

Your bank account number, which can be up to 17 characters. On the sample check below, the account number is 2020202086.

The “routing number” for your bank, which must contain 9 digits. On the sample check below, the routing number is 250250025.

Don’t include the check number (1234 on the image below).

Double-check that you have provided the correct numbers.

How Long Will It Take to Actually Get the Grant Money from the SBA?

The first grants took over a month to be issued. Hopefully newer grants will be quicker.

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Tags: 1000, Contractor, Freelancer, Gig, Independent, Worker

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