Financial Solutions that Protect Your Most Valuable Assets

Count on us as part of your team to create the financial strategy that best protects and secures your family’s and company’s most important projects.

Financial solutions are products or services that help individuals and businesses improve their financial situation. Some financial solutions include advice on obtaining loans and working capital, insurance, financial planning services, and obtaining credit in the United States.

In TAX AGENCIA, we focus mainly on obtaining personal and business loans, and Employee Retention Credit or ERC.

Personal and Business Loans

As a financial services provider, we assist you in obtaining personal and business loans. Find listed below the key aspects that may be included in the service:

Eligibility Assessment

We help applicants determine if they qualify for a personal or business loan. This involves reviewing criteria such as credit history, income, repayment capacity, and other specific requirements established by banks or applicable regulations.

Advice on Loan Options

We guide the different loan options available, such as unsecured personal loans, secured loans, lines of credit, and short or long-term loans, among others. We advise you on each option’s features and terms to help you make the best decision.

Document Gathering

We help applicants gather the necessary documentation to support their loan application. This may include proof of income, financial statements, tax returns, asset information, and any other documents the lender requires.

Application Submission

We are responsible for submitting loan applications on behalf of clients to the appropriate lenders. This involves completing application forms with the information provided by the applicants and submitting them to the appropriate lender for review.

Negotiating Terms and Conditions

In some cases, we may provide negotiation services with banks to obtain more favorable terms and conditions for clients. This may involve seeking lower interest rates, flexible repayment terms, or other conditions that suit the specific needs of the applicants.

Follow-up and closing

We track progress and assist in the review and approval process after applying. You ensure that additional required documents are provided to the bank. We respond to bank inquiries and assist clients in closing the loan once approved.

It is important to note that the specific details of the service may vary depending on the structure and scope of your business. In addition, you must ensure that you comply with applicable regulations and legal requirements in granting personal and business loans.

ERC – Employee Retention Credit

The Employee Retention Credit (ERC) is a tax program implemented in the United States to support businesses and employers affected by the COVID-19 pandemic financially. This credit is designed to encourage companies to retain their employees and avoid layoffs or suspensions due to the economic crisis caused by the pandemic. In TAX AGENCIA, we have a professional team to assist you in obtaining a COVID-19 loan.

The following provides relevant information about the ERC:

Eligibility

To be eligible for the ERC, a company must meet specific criteria. Initially, the program was intended for companies that experienced a significant decrease in revenue due to the pandemic. However, beginning July 1, 2021, qualifying businesses may claim the credit even if they are not directly affected by the government restrictions or experience a decline in revenue.

Credit Amount

The amount of the credit is 70% of qualified wages paid to employees, up to a maximum of $10,000 per employee per quarter. This means that the maximum credit per employee per year is $28,000. It is important to note that the credit is refundable, meaning that even if a company does not have enough payroll tax to offset the credit, it can receive a cash refund for the unused amount.

Qualified Wages

Qualified wages for the ERC include wages paid to work employees and those paid to employees on leave or suspended due to the pandemic. However, each case has certain limitations and requirements, and it is crucial to consult specific IRS guidelines and regulations for detailed information.

Filing And Claiming The Credit

Businesses may claim the ERC on their quarterly or annual tax return, depending on the business size and other circumstances. It is necessary to complete Form 941 (Employer’s Quarterly Federal Tax Return) or Form 941-X (Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund) to file the credit.

It is essential to note that ERC regulations and requirements are subject to change and updates. You should consult the official Internal Revenue Service (IRS) website or seek advice from a tax professional for specific, up-to-date information on the ERC program and how it applies to your business situation.

 

Looking for more services?

Taxes

We recommend that you rely on tax professionals like us. We know how to offer timely and accurate advice and we will handle your personal information properly.

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Migratory Services

We assist our clients in the preparation and management of documents, forms and immigration forms, providing accompaniment and updated information on the U.S. Citizenship, Immigration and Naturalization Service.

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Notarial Services

We assist you in the preparation and processing of public deeds, opening and publication of closed wills, recognition of private documents, recording the manifestation of the interested party and the content of the document.

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“Tax Agencia has provided me with a professional service of excellence in advice and preparation of my personal and company taxes, taking care of all the personal information provided. Recommended 100%, it has a professional and friendly team.”

Andrew Karter Client
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info@taxagencia.com

Call us 786-475-1000