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Does anyone here know anything about unemployment for the self employed?
Posted on 3/30/20 at 4:52 pm
Posted on 3/30/20 at 4:52 pm
i didn't know where else to ask, but with the new bill that passed, is anyone familiar with the self employment unemployment they passed, in louisiana of course.
12
Posted on 3/30/20 at 5:14 pm to gsvar2004
Not sure what the exact qualifications are...but do you have an EIN? Would assume that would put you into a small biz category, no? Do you have employees?
Posted on 3/30/20 at 5:15 pm to gsvar2004
I’m sorry, but it is very tempting to make an OT type of joke. I’ll refrain. If you have a registered business I’m sure you can get a small business loan.
Posted on 3/30/20 at 5:23 pm to gsvar2004
get with LOUISIANA WORKS just like you would as a W2 employee. setup account and/or call. You may need to call.
LINK
LINK
The above is for 1099's/sole proprietors/independent contractors.
So in Louisiana the normal UI weekly is $247.00 Cut in half and add to 600 and you have 723.50 a week.
LINK
LINK
quote:
Q: I'm self-employed and didn't previously qualify for unemployment. Am I eligible now?
A: Yes. This bill creates a new program, called Pandemic Unemployment Assistance, that extends benefits to gig workers, contractors and others who wouldn't otherwise qualify for unemployment compensation but cannot work due to the coronavirus emergency. You'll get the $600 per week, plus half the average unemployment benefit in your state.
The above is for 1099's/sole proprietors/independent contractors.
So in Louisiana the normal UI weekly is $247.00 Cut in half and add to 600 and you have 723.50 a week.
quote:
Q: What happens when my state unemployment benefits run out?
A:In most states, people who lose their job can typically get up to 26 weeks of unemployment, and then it stops, even if you haven't found a new job. This bill will provide another 13 weeks once it runs out. After those 39 weeks, if an "extended benefits" program is triggered, that can provide an additional 13 to 20 weeks of compensation.
This post was edited on 3/30/20 at 5:46 pm
Posted on 3/30/20 at 5:29 pm to Hawgeye
quote:
but do you have an EIN? Would assume that would put you into a small biz category, no? Do you have employees?
He does not need any of that to get the UI for pandemic. Loans is a different story.
He could be using a S-corp just for taxation(then he would have the EIN) but still work for himself writing himself a salary. with zero employees. Not sure if he could get the UI then or have to get a business loan.
I shoulda re-activated my S-corp sooner. screw all these self employment taxes(yeah i am looking at you SS and medicare) unless you have a ton of above the line deductions which lower it. For now, most of mine are below the line due to my solo401k huge contributions which do not help with SE tax. thankfully I have some nice tax credits coming to me also. I got with sec of state today seeing what i need to do to re-activate. Gonna get back to saving a lot on taxes.
This post was edited on 3/30/20 at 5:55 pm
Posted on 3/30/20 at 6:23 pm to Fat Bastard
quote:
I shoulda re-activated my S-corp sooner. screw all these self employment taxes
One of the best decision I made early on.
Posted on 3/30/20 at 6:38 pm to Sho Nuff
We're an LLC treated as an S. I'm happy with the decision.
Posted on 3/30/20 at 6:50 pm to VABuckeye
I have an ein, llc with no employees. Just me and I make service income and rental income.
Posted on 3/30/20 at 7:31 pm to Sho Nuff
quote:
One of the best decision I made early on.
Posted on 3/31/20 at 10:32 am to gsvar2004
quote:
I have an ein, llc with no employees. Just me and I make service income and rental income.
let us know what you find out so others with LLC's, s-corps, etc will know if they can get the pandemic UI or if loans are only option.
Posted on 3/31/20 at 10:36 am to VABuckeye
I am an S-Corp as well with 3 employees...makes me happy
This post was edited on 3/31/20 at 10:38 am
Posted on 3/31/20 at 11:07 am to gsvar2004
My wife is in same boat. Beauty shop. No employees. Sole proprietor. We called LaWorks and registered for unemployment last week. We got determination response saying she qualifies for zero. Was told when applying to keep watching their website for update about her eligibility for Unemployment under stimulus but nothing yet. Feel like we are in limbo.
Posted on 3/31/20 at 11:17 am to Hankg
Sole proprietor. We called LaWorks and registered for unemployment last week. We got determination response saying she qualifies for zero.
classic louisiana BS. she definitely qualifies for pandemic UI as a SP/IC. it is in the damn stimulus bill i linked above. Thanks for update.
you are. This whole thing will be a shitshow with louisiana government efficiency or lackthereof.
classic louisiana BS. she definitely qualifies for pandemic UI as a SP/IC. it is in the damn stimulus bill i linked above. Thanks for update.
quote:
Feel like we are in limbo.
you are. This whole thing will be a shitshow with louisiana government efficiency or lackthereof.
Posted on 3/31/20 at 11:21 am to gsvar2004
You are your own boss and you still managed to get fired? That’s rough man
Posted on 3/31/20 at 12:21 pm to Upperdecker
My business is making almost $0 right now, but I have a lot of work to do in preparation for when we get back to normal. If I didn't have all this work and I was something like a tradesman out of work for the time being, I'd absolutely go somewhere like Walmart right now.
Posted on 3/31/20 at 1:53 pm to gsvar2004
I have a few contractors that will need this. Do they just apply through Louisiana's site? How do they go about this? I have seen nothing for them.
I also need the same information for contractors in other states that work for me.
I also need the same information for contractors in other states that work for me.
Posted on 3/31/20 at 1:57 pm to gsvar2004
quote:
I have an ein, llc with no employees. Just me and I make service income and rental income.
Did your business pay into unemployment? If not, I don't see how you would qualify.
Posted on 3/31/20 at 2:03 pm to notsince98
quote:
If not, I don't see how you would qualify.
Everyone qualifies including 1099 self-employed who typically do not pay into unemployment.
Posted on 3/31/20 at 2:29 pm to stout
quote:
Do they just apply through Louisiana's site?
yep. supposedly. poster above alluded to the fact LA is not setup yet for 1099 pandemic UI when he checked although it IS covered by trumps plan. coming soon. supposedly. Guess the website is still only setup for W2 claims. The state has never had to go through this before so it will be a clown show.
Posted on 3/31/20 at 2:47 pm to Fat Bastard
quote:
Guess the website is still only setup for W2 claims. The state has never had to go through this before so it will be a clown show.
That's why, I wasn't being a dick, but it seems to me if you are self employed and out of work you are better off just finding a temp job right now somewhere that is desperate for help. Why wait on the government when there are quite a few opportunities. $15/ hour for 40 hours a week is $600/ week.
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