You mentioned in the survey post (which I missed since I have just signed up) that having those responses to cite helps you when applying for grants and such. I assume simple sign up numbers and checkout usage can also be cited for those? So that people reading this know that even just that little bit can help fund your efforts, if that is the case.
hello & welcome! no worries for having missed this survey, we’re planning on doing them quarterly at least for our first year so there will be more chances to give your input.
Survey data, checkout statistics, membership numbers, etc.. all are data points we’ll be referencing as we enter the grant-seeking world. So far, our library has a very active set of patrons, and i believe every single one of our books (except those added literally today) have been checked out at least once if not many, many, more times - all of which we hope will look great to grant funders.
so in short, yes! the more our library is used, the more patrons we have, the better case we’ll be able to make!
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Sheryl Swoopes Joins It's Her Shot Tour
Join WNBA legend Sheryl Swoopes and It's Her Shot campaign to empower young female athletes through free basketball events and grant funding. #ItsherShot #femaleathletes #empowerment
Sheryl Swoopes, a WNBA legend and three-time MVP, is joining the third annual It’s Her Shot campaign by DICK’S Sporting Goods and Nike. The six-city tour aims to empower young female athletes and provide them with a safe space to play, feel confident, and connected. Events include pick-up games, pro-led practice drills, courtside chats, product giveaways, and sports bra fittings.
The DICK’S…
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Between TV commercials, daily calls, and email/IMs everyone wants to know “Have you signed up for the ERC program????”Things to know:
Money is a grant not a loan – monies do not have to be paid back.
Only 16% of eligible companies have applied for the ERC program, so if you have not, you are not alone.
Countless businesses were erroneously informed by a tax advisor or CFO they were not eligible but are in fact eligible.
If your business had 5+ employees during the pandemic, you are most likely eligible.
Under President Trump businesses could choose either PPP or ERC monies but not both. Under President Biden businesses however are eligible for both. Most businesses chose PPP because there was more money at the time.
To be eligible for an ERC “Covid Operational Impact” grant any change in your business due to Covid qualifies such as change in hours, days open, in person vs pick up/delivery, increase/decrease staffing, protective changes in offices/stores.
Grant monies are a reward to your business for paying their w2 employees during the pandemic. Grants may be used for the business to use as they please. There are no limitations or requirements on how monies are spent.
NPOs, NGOs and any other entities that had W-2 employees and paid taxes most likely are eligible. Government agencies are among the organizations that would not be eligible.
Most common items required of the business owner
Spreadsheet of employees
Tax form allowing for the amendment of tax return for years receiving ERC monies
Form allowing for ERC company to act on your behalf to get ERC monies
What to expect:
ERC grant amounts will vary based on your specific business and if the business accepted PPP monies.
2 PPP loans: 8k to 10k,
1 PPP loan: 12k to 14K,
No loan: 16k to 20k (can be as much as $26,000)
Your timeline will vary based on the number of employees. After meeting with your ERC advisor, the timeline will most likely be approximately:
1 – 2 weeks for letter with how much grant money to expect.
3 – 6 months for letter from IRS with amount being paid including accrued interest
Approximately 1 week for payment from IRS. Please be aware your businesses will receive one check per employee: 500 employees = five hundred checks addressed to the business.
Be cautious when working with any ERC assistance firm if:
Companies formed specifically to assist with ERC grants may not be available for any follow-up issues.
Upfront payment before monies received from IRS
50/50 split of monies identified.
Companies that are promising a specific amount before reviewing your individual situation: “Multiply the number of employees by $26,000 to see how much you will get!” (Yes, a business could receive 26k for each employee but those are unusual cases)
Always ask “If my business is audited, will your company assist in the audit and if necessary, refund the contingency fee?” *Whenever dealing with the IRS always be prepared in case of follow up questions or auditing of returns*
Why CoPilot Cat chose to partner with Bottomline Savings:
Bottomline was founded in 2009 as a government aid assistance firm working with Fortune 100 companies.
Bottomline identified and began the process for over 3.5 billion in client ERC grants in 2022 and is by far the largest in this field.
Put CoPilot Cat and Bottomline Savings to the test, we work on a contingency basis, your business negotiates the commission, and it is not owed until the monies from the IRS are received by your company. Even if you feel your business is not eligible, it is in your best interest to schedule a 10-minute explanatory call to discuss what your business should expect from the ERC program: http://copilotcat.com
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CoPilot Cat - Bottomline Savings ERC Referral Partner
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