What is the Corporate Transparency Act?



Effective since January 1, 2024, the CTA requires nearly all U.S. entities to report Beneficial Ownership Information (BOI) to the Department of Treasury's Financial Crimes Enforcement Network (FinCEN). The regulation targets enhanced transparency to curb illicit activities like money laundering and…

There is a $5.5 billion lawsuit settlement involving Visa and Mastercard. Here's the critical information:

After two decades of litigation, this settlement was finalized in 2023, aiming to reimburse merchants, like yourself, who were overcharged for Interchange fees between 2004 and 2019. These fees, ranging from 1.5% to 3.5% of transaction amounts, could translate to $10,000 to $15,000 for every $1 million processed. Despite less than 2% of eligible merchants…

FFCRA, was a pivotal legislative response introduced in 2020. It emerged as one of the initial steps taken by the government to assist small business owners. The primary goal was to provide financial support for sick leave necessitated by the COVID-19 pandemic. The FFCRA underwent a significant expansion in 2021 which now includes U.S. citizens who were self-employed during the COVID-19 pandemic. You are still eligible for the Families First Coronavirus Response Act (FFCRA) benefits…

We have all had our bumps and bruises  along the business growth path. Business owners depend on personal credit for funding, loan approvals, and building trust with suppliers. A strong personal credit history is a key asset influencing the business's financial relationships and overall stability. It's a vital element in accessing capital and maintaining a positive reputation in the entrepreneurial landscape. Let’s get your credit on the road to recovery! Call today to learn more:…

This local Community Center was able to continue during the pandemic and received $1,509,160.82 from the IRS.  It is a refund of the taxes they paid in, keeping their employees working through the pandemic.

Many businesses qualify.  

Wouldn’t you be interested in learning more about the program and learn if your business is eligible?

It’s NOT too late to file.

Don't miss out, set up your appointment here: https://rb.gy/e1j83…

There are several common misunderstandings regarding the Employee Retention Credit (ERTC) that have caused confusion among business owners. Some of these misunderstandings include:

• Believing that receiving a Paycheck Protection Program (PPP) loan disqualifies your business from the ERTC: This is not true, and businesses that received PPP loans are still eligible for the ERTC.
• Assuming that your business must have experienced a decline in revenue to qualify for the ERTC:…

Have you been in business for 1 year? Can you show $100,000 of annual revenue?

Do you have a credit score of 660 or greater? Do you need business funding?

We could get you up to $100,000 in funding with an application & 3 months of bank statements.

Call today to learn more…

How much tougher can it get for a Business? This orthodontist was able to continue during the pandemic and because of that received $481,244.08 from the IRS.  It is a refund of the taxes they paid in, keeping their employees working through the pandemic.

Covid Was Tough.  Taking care of people's teeth during the Pandemic brought forth a multitude of challenges. From managing rent payments to ensuring employees remained content with their paychecks, trying to stay healthy, adhering to…

Providing Personalized Eligibility Reports for Every Businesses Owner

We believe in the resilience of small businesses impacted by COVID-19. At ERC Applications, our key principle is to aid these businesses in fully accessing relief measures like the Employee Retention Credit (ERC). We streamline the application process, maximize entitlements, and fortify audit defenses with our meticulously prepared ERC Eligibility Reports, ensuring they recover stronger and faster.

We…

The Employee Retention Credit (ERC) is a U.S. federal tax credit that was available to certain employers, most recently during The COVID-19 Pandemic.  It was originally designed to help employers who were not eligible for a Paycheck Protection Program (PPP) loan, but it was later amended so employers who received Paycheck Protection Program loan forgiveness were often still eligible for the Employee Retention Credit. Although it ended on December 31, 2021,…

A 941X refers to a tax form used in the United States by employers to correct errors on previously filed Form 941, which is the Employer's Quarterly Federal Tax Return. If a mistake is made on the original Form 941, the employer can use Form 941-X to amend and rectify those errors. This form is crucial for ensuring accurate tax reporting and…

Have you heard about the IRS waring regarding ERC? The Internal Revenue Service recently issued a warning to employers to be wary of third party ERC processors that promote the filing of improper claims. The teams we work with stand firmly behind this warning and support the initiative of the IRS to protect taxpayers and businesses.

High-quality service providers will not require a non-refundable payment upfront nor ask for a signed contract before knowing if the business qualifies.…

Have you heard about the IRS waring regarding ERC? The Internal Revenue Service recently issued a warning to employers to be wary of third party ERC processors that promote the filing of improper claims. The teams we work with stand firmly behind this warning and support the initiative of the IRS to protect taxpayers and businesses.

High-quality service providers will not require a non-refundable payment upfront nor ask for a signed contract before knowing if the business qualifies.…

Do you know how to find lenders you can't locate through a Google search? On a scale of 1-10 how confident are you that you're building your business credit while also protecting, preserving, & improving your personal credit? If you're not sure, let's talk! 516.268.0350…

Are YOU leaving money on the table?
Have you explored the Employee Retention Tax Credit (ERC/ERTC)? My team is offering a no obligation review!
Call today to learn more! 516.268.0350
#ERC #ertc #taxcredits #smallbusiness

Most business owners have heard of the PPP loans that were offered during the pandemic and some may have heard about the Employee Retention Tax Credit (ERC or ERTC). Early during the pandemic, the rules stated that if a business took advantage of the PPP loan, they were not eligible for the ERC. Many did not realize that the rules have been ever changing! The latest IRS update issued in May 2021 clarifies several provisions and broadens the qualifications,…

We understand that not all businesses can qualify for bank financing. We also understand the importance of the relationship of a business with its bank. This does not mean that your business needs to suffer without an appropriate amount of capital. We do not compete for depository relationships, and we cannot compete with your bank's rate on products that it CAN approve for your business. What we offer are solutions for the deals that fall just out of your bank's comfort zone.

Banks…