Corona – important information for light entrepreneurs

What should I do if forced to quarantine? Is my YEL income on the correct level? If my income drops, should I check my tax percentage? Where can I find information about Corona and its effects?

  • Light entrepreneur’s unemployment security during COVID-19. We have gathered information package with detailed instructions for full-time and part-time entrepreneurs.
    • Full-time entrepreneurs can apply for unemployment benefits retroactively.  The law about the right of entrepreneurs to unemployment security came into effect on April 8th, 2020. Entrepreneurs may receive temporary labour market support due to the sudden and unexpected decline in demand caused by the Corona virus epidemic. The solution applies to all entrepreneurs, regardless of the form of business. The law is valid until June 30th, 2020.
    • As of April 1st, 2020, a laid-off person is entitled to unemployment benefits without, among other things, business activities and studies hindering that. This applies to people who work as part-time entrepreneurs and elsewhere in their main job. Read the Ministry of Employment and the Economy’s press release.
    • Kela compensates loss of earnings during quarantine. An YEL insured person may receive compensation for an infectious disease based on his YEL earnings, but also an uninsured person may be eligible if certain criteria are met. If you work while studying or work partially while unemployed, and you are forced to stay away from work due to an infectious disease, you may be eligible for infectious disease allowance. More information about infectious disease allowance. You can follow the effects of the Corona situation on Kela’s services, application processing and benefits on Kela’s website.
  • THL informs and provides up-to-date guidance about the Coronavirus to the citizens, workplaces and travelers. From the website, you can also find communication material (incl. videos and printable guidelines) about hand sanitation and hygiene to be used in your own business.
  • YEL insurance: You should check that your YEL income is on a correct level and contact your own pension insurance company for possible flexibility with payments.
  • Pension insurance company Elo instructs its YEL- insured customers to coronaquarantine and prepare for getting sick.
  • The Tax Administration asks everyone to do business primarily through MyTax. For example, if you need to change your tax percentage, you can do it in MyTax. If you need quick advice, the tax office’s social media works perfectly for this purpose and you will also receive plenty of useful information there.
  • Suomen Yrittäjät will publish timely advice for entrepreneurs regarding the situations caused by Corona. There is a broad information package (in Finnish) for entrepreneurs gathered on the website and they will also organize webinars regarding Corona.
  • Eezy will follow the development of the Corona situation constantly. We are actively following official government guidelines. The best way to help in this situation is to follow the given directions while ensuring we can support the functioning of the society in the best way possible. Our business is running regardless of the situation. Read our press release (in Finnish).

Article updated 10.4.2020