Monday, February 26, 2018

Tools for mobile working...


Anywhere working brings with it a whole host of benefits, from better networking to happier employees, cost savings to increased productivity. But how do you go about getting mobile?

*Get your free PDF for the essential tool and tips you'll need.

** Plus our WOTC SITE PROVIDES YOU WITH UP TO $9600 IN TAX CREDITS FOR EACH PERSON YOU HIRE at  www.yourWOTC.com

Saturday, February 24, 2018

Why Focus?

We were all designed for something, and we have to ask ourselves, “What are those few things that only I can do?”  “What are the few things that I am truly one of the best in the country at?”  
And now for the painful question…“How much time do you actually spend on that?” 
For most of us the answer is probably less than 10% of our time. Once you determine the answers to these three questions, get rid of almost everything else! Seriously, delegate it, let go of it, or just stop doing it. What makes you great will never make your organization great until you are focusing the majority of your available time and energy on it.

Thursday, February 15, 2018

How is the WOTC Tax Credit claimed?

WOTC is a general business credit and can offset federal income taxes and can be carried back to the prior year or carried forward 20 years. This program falls under the Worker’s Opportunity Tax Credit (WOTC), and is a Federal tax credit available to all employers who hire and retain qualified individuals. Employers currently claim about $1 billion in credits each year under the WOTC program. The average credit per qualified employee is $2,400 and can be as much as $9,600.


Taxable Employers
After an employee has been qualified and the certification secured, a taxable employer may claim the tax credit as a general business credit against their income tax using IRS form 3800.

Sole Proprietorship, S-Corp, LLC, LLP or Partnership
The credit passes to the owner, shareholder, member or partner in the same manner as losses are allocated. 

C-Corp 
The credits are used by the corporation. 



Tax-exempt Employers
Employers who are qualified as tax exempt as described in IRC Section 501(c) and exempt from taxation under IRC Section 501(a), may only claim the WOTC for qualified veterans and may not claim for other target groups.  

After an employee has been qualified and the certification secured, tax exempt employers may claim the credit against the employer social security tax using IRS Form 5884-C.  Form 5884-C 'Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans' is filed after filing the related employment tax return for the employment tax period for which the credit is being claimed. 

See what your total WOTC would be after answering 2 basic questions at www.yourwotc.com


Friday, February 9, 2018

Benefit Loss Imminent

This is the year to consider cost segregation for your property.  I'm not sure if you have been following the tax code changes but I would seriously consider moving on this quickly if I were you.   
A cost segregation filed with your 2017 taxes is worth 40% more than one filed next year.   

The value of your depreciation as a whole just took a huge hit with this tax change, and this is the last year you're allowed to do a "catch up" and reclaim all that money.

You did those buildings during years where tax rates where at their highest, and depreciated things under the assumption that you'd get those deductions "over time".   Now, due to the tax changes you still get some of your money, but it's at 21% instead of 35% (therefore, your overall deduction is worth 40% less next year than it is this year).

We're slammed with new clients because of the news and tax deadlines looming, but I wanted reach out to you.   We'd need to get started soon in order to meet your deadline.  What are a few times this week we could connect?

Thank You,
Larry G. Potter
Lgpotter33@gmail.com

Friday, February 2, 2018

70-80 Billion Being Lost by B2Bs that they are not aware of!

And this includes eCommerce companies too. (Online retailers / Phone / Internet / Catalog Orders )

Note: B2B includes, but not limited to:

• Law firms focusing on corporate litigation and transactions
• Corporate accounting firms
                               • Manufacturers
                               • Distributors

I’m excited to tell you more about a credit card monitoring service. Let me tell you up front, they are not a merchant processor and they will never ask you to switch processors or equipment.

No benefits = No fees.

Most B2Bs get a ton of calls from companies trying to switch and save regarding your merchant account. Again, this company is NOT here to switch your processor. In fact their service is designed to keep you with your current processor.

• They have saved companies over $100 million in fees! Companies like Adidas, Yankee Candle, Office Depot and many more, all across America, large and small.

• You are probably not aware, but there are over 1000 different charges that make up the fees on your merchant statement.

• On average this company saves their clients 21% off of their merchant service fees and again, they reduce your fees without switching processors.

• In fact, they find savings 100% of the time, which means every month you’ve been overpaying on interchange fees. Wouldn’t you like to find out how much they can save you?

Clients never billed unless they experience a savings.

Their process is simple. All they need is your last six months of statements and in three business days you’ll receive a free report just that will outline an 11 point audit and provides you the transparency into all the hidden fees and surcharges.

Their expertise and experience coupled with their thorough expense reduction process, ensures a competitive advantage over other firms in your industry.

They correct the processing plan to reflect the most competitive plan type and rate, using formulated, specific asks of the existing provider. Their team then works with the you to further reduce the nonnegotiable fees through processing optimization, where they can help qualify payment transactions at lower interchange rates by passing through additional processing data.

Contingency based billing - no other fees.

For More Info

Larry@yourwotc.com