Self-Employed? You Could Be Owed Thousands in THESE Tax Credits! | Ryan Umina
Mar 29, 2025
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Ryan Umina, a trial lawyer who has secured over $100 million in tax credits, joins the conversation to unveil hidden financial opportunities for entrepreneurs. He breaks down the FFCRA, explaining who qualifies and how self-employed individuals can claim significant tax credits. Umina also shares personal stories of overcoming adversity in his career, discussing the lessons learned and the spiritual growth that emerged from his toughest moments. This engaging conversation offers valuable insights for anyone navigating the challenges of entrepreneurship.
Entrepreneurs often overlook potential financial relief from tax credits like the FFCRA and ERC, essential for recovery post-COVID-19.
Building a strong team and strategic partnerships is crucial for overcoming entrepreneurial challenges and enhancing overall business success.
Streamlined processes for claiming tax credits have simplified access, making it easier for self-employed individuals to receive necessary financial support.
Deep dives
The Importance of a Strong Team
Having a well-structured team is essential for success in any entrepreneurial venture. The speaker emphasizes that without a good support system, individuals tend to struggle and may not achieve their business goals, often feeling stuck or overwhelmed. This vital piece of wisdom was borne out of experience, highlighting how crucial it is to build a reliable and capable team around oneself. Entrepreneurs are encouraged to seek strategic partnerships and create an environment where collaboration thrives, as this can significantly enhance productivity and growth.
Tax Credits for Self-Employed Individuals
The speaker discusses tax credits available to self-employed individuals, particularly the refundable tax credits under the Family First Coronavirus Response Act (FFCRA) and the Employee Retention Credit (ERC). These credits are designed to provide financial relief to self-employed people who faced hardships during the COVID-19 pandemic, such as lost income due to government shutdowns. Many 1099 contractors, gig workers, and sole proprietors may be unaware of their eligibility for these credits, which can amount to significant financial support. It is essential for eligible individuals to act quickly, as deadlines for claiming these credits are approaching.
Easy Process for Claiming Tax Credits
The efficiency of claiming tax credits has been improved through streamlined processes that utilize data verification directly from the IRS. Individuals simply need to verify their identity and answer basic questions without the need to upload extensive tax documents, making the process more accessible. This approach focuses on minimizing friction and increasing ease for applicants, thereby encouraging more people to take advantage of the available credits. The discussion highlights that a substantial number of applicants receive financial support with no up-front costs.
Impact of COVID and Economic Challenges
The podcast illustrates the far-reaching effects of the COVID-19 pandemic on various professions, particularly impacting self-employed individuals. Specific professions such as stylists, contractors, and gig economy workers faced significant disruptions, leading to lost earnings and increased financial stress. Tax credits have been created to alleviate some of this burden, providing crucial support to those affected. Moreover, the importance of understanding the unique challenges faced by self-employed workers in a rapidly changing economy is emphasized.
Future Plans and Continued Support for Entrepreneurs
Looking ahead, there is a commitment to developing new solutions to assist entrepreneurs and self-employed individuals. The discussion hints at future initiatives that will provide a centralized hub for business support, encompassing everything from lending to educational resources. By leveraging the expertise gained from processing tax credits, the company aims to expand its offerings and create additional services tailored for the self-employed community. This forward-looking approach underscores the desire to foster entrepreneurial growth and resilience in the face of economic changes.
Most people have never heard of the FFCRA, but if you’re a business owner, it could mean serious money in your pocket. In this episode, I sit down with Ryan Umina, a top trial lawyer who’s helped countless people win tough legal battles, to talk about a little-known tax credit that many entrepreneurs are missing out on.
Ryan Umina has spent years fighting for his clients in court, but he’s also helping business owners navigate tricky tax laws to claim money they didn’t even know they were owed. We break down what the FFCRA is, who qualifies, and how you can prove you’re eligible. But this episode isn’t just about tax credits, it’s about the real struggles of entrepreneurship, pushing through failure, and finding purpose beyond business.
Ryan opens up about his lowest moments, the lessons he learned during the hardest times of his life, and the spiritual awakening that changed everything. If you’re an entrepreneur looking for an edge or just someone who loves a good comeback story, you won’t want to miss this one.
Connect with Ryan: Website: https://www.uminalegal.com/ SETC Pros: https://setcpros.com/ IG: https://www.instagram.com/setcpros/
Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. https://www.wealthykingdom.com/
If you want to level up, text me at 725-527-7783! ---
About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generat...
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