Does your business do WOTC? - Classified Ad

Such an easy tax credit that businesses can qualify for.

Merchants Realize an Average Savings of 21% on Processing Fees on Credit Cards w/o switching providers.

Credit Card Audit FAQ

This expense reduction service department is made up of payment industry experts whose mission is to provide transparency and expense reduction solutions to merchants who process credit card transactions. We are not a payment processor or merchant service provider. We partner and consult with merchants to achieve savings with their existing provider,eliminating the need for any changes or configuration to your existing business environment.

From auditing and analysis, to regular monitoring and reporting, to an ongoing commitment to processing optimization, we have the experience and expertise to be your ally in the payment industry, your advocate and advisor on best practices, and your partner in cost savings. Our success is based on measurable results, and our fees are only a percentage of your savings. We are the trusted partner in payment processing.

The Problem

The payment industry, and in particular, credit card processing, is complex. Merchants are faced with confusing statements, hundreds of various payment processing fees - including costly layers of discount rates, transaction fees and surcharges - in addition to the numerous processing options offered by merchant service providers, payment gateways, and other payment processing entities. Without an unbiased insight, a merchant can easily fall trap to unfair pricing and pay large fees to accept credit card payments.

Who Should A Merchant Trust?

When evaluating merchant processing services, a merchant understands their own business requirements for card acceptance, but often have to rely on a sales representative selling merchant services to provide honest information on merchant service plan types and pricing options. Competition for your business is fierce and most sales representatives are paid on commission for the fees generated by your processing. This has led to deceptive sales tactics in an industry known for its complexity and negative image.

Merchants asked to reveal their processing rate often tell us about their ‘qualified’ rate or an effective rate not inclusive of all provider fees. This misunderstanding is far too common for an expense that has significant impact on the operating margin of a business. The payment industry is complex. We can help.


Expense Reduction Solution

This two-phase approach to expense reduction is unparalleled in the payment industry. We correct the processing plan to reflect the most competitive plan type and rate, using formulated, specific asks of the existing provider. Our team then works with the client to further reduce the non-negotiable fees through processing optimization – where we help qualify payment transactions at lower interchange rates by passing through additional processing data.

Phase I We ‘right-size’ the account plan, placing the merchant on the correct plan type with the most competitive plan rate. Savings are immediately realized moving forward.

Phase II We implement ‘processing optimization’ where we help the merchant correct future transactions to avoid downgrades and satisfy Level 2/3 processing requirements.

We have tools to audit and analyze credit card processing, and we are uniquely positioned to secure the lowest possible card processing rate, ensure accurate billing, and help merchants reduce their overall payment processing expenses.

We are ready to make a difference to your bottom line by delivering maximum transparency and measurable results. Our experience and expertise in the payments industry, along with our proprietary auditing tools, will deliver unparalleled expense reduction results.

Merchants Realize an Average Savings of 21% on Processing Fees

Payment Processing Expense Reduction:

Continue using your existing merchant service provider

We work directly with the provider, on your behalf


Our two phase approach maximizes savings opportunity:



Phase I – we ‘right-size’ the account plan, placing the merchant on the correct plan type with the most competitive plan rate. Savings are immediately realized moving forward.

Phase II – we implement ‘processing optimization’ where we help the merchant correct future transactions to avoid downgrades and satisfy Level 2/3 processing requirements.


Our network of merchant services providers is immediately available should a merchant choose to obtain or switch processing services


We are a Partner Provider for the two largest payment gateways, Authorize.net and PayPal, offering wholesale pricing to merchants


Our team has the experience and expertise to recommend payment processing improvements, including:



Back-office accounting integration

E-commerce solutions

Card Present terminal and POS equipment

Payment gateway configuration and support

We  deliver Maximum Transparency with Measurable Results. See your results in seconds at  www.BusinessRefundEstimate.com

Just what the heck is W.O.T.C. and can I use it in my US business?

WOTC allows employers to claim a credit against their federal income tax liabilities for qualified employees. 

WOTC can also be used to offset AMT (Alternative Minimum Tax). Employers generally can earn a tax credit equal to 25% or 40% of a new employee’s first-year wages, up to the maximum for the target group to which the employee belongs. 

The average benefit per employee is $2,400.00 and can be as much as $9600.00.

That means potentially 10 qualified employees could yield a federal income tax credit between $24K – $96K. 

Additionally, WOTC credits may be carried back one year and carried forward 20 years.

Simply put, the WOTC reduces an employer’s cost of doing business and turns Human Resources into a profit center.  

www.yourwotc.com

Need a commercial loan? Then know this......

...lenders need a real Executive Summary with numbers and Personal Financial Statements.

This might help:

https://www.smartsheet.com/executive-summary-templates 

Larry G. Potter
Larry@YourWotc.com


PS: US Commercial Property Owners/Managers Wanted

The Truth About R&D

There are a growing number of US businesses that now qualify for research and development tax credits, but not many are taking advantage of it.

What makes your business eligible for these deductions? Any firm with QRE or Qualified Research Expenditures.

Below is a list of some tasks that can be performed within an organization that would qualify for the R&D Tax Credit:

Manufacturing
Fabrication
Engineering
Software Development or Improvement
New Product & Process Development
Developing New Concepts or Technologies
Design - Layout, Schematics, AutoCAD
Prototyping or Modeling
Testing / Quality Assurance: 
ISA 900X, UL, Sigma Six, etc.
Integration of new machinery
(CNC, SLA, SLE, etc) into existing process
Automating /Streamlining Internal Processes
Developing Tools, Molds, Dies
Developing or Applying for Patents

Many business owners (even smaller firms) are not aware that restrictions to qualifying for R&D are decreasing year after year. Technology has become part of every business (just the other day I discovered a small local feed store is changing ownership and the new owner will be buying new computers, creating inventory programs and selling online).

Does your business use the internet, computers or tablets? If so, then you probably qualify for a R&D tax credit!

Find out now at:  www.BusinessRefundEstimate.com

What is W.O.T.C. and how can it help your business prosper?

WOTC is a financial incentive to employ people from target groups.  The tax credit also gives you an opportunity to reduce the unemployment rate while diversifying your business.

The Work Opportunity Tax Credit is tax credit available from the federal government. You might be able to receive the tax credit when you hire an employee from a “target group.”

Target groups are certain groups of people who face barriers when seeking employment. There are currently nine target groups:

*Veterans
*TANF Recipients
*SNAP Recipients
*Designated Community Residents living in Empowerment Zones or Renewal Communities
*Vocational Rehabilitation Referrals
*Ex-felons
*Supplemental Security Income (SSI) Recipients
*Summer Youth Employees living in Empowerment Zones
*Qualified Long-Term Unemployment Recipients

To see what your potential tax credits could be, visit  www.YourWotc.com

The BLS report should not be taken to seriously!

Yes, the BLS injected 263,000 jobs into the report, but that's via their "birth/death" model. Once again for anyone that doesn't know what that is, the BLS says "for every company that shuts down and lays off, some of those laid off go out and open a business. Then they hire people". So, with NO proof if these jobs, no tax receipts, etc, they just "guess" each month at how many that is!!!

Larry
www.BusinessRefundEstimate.com