Subject: This Week at Govcon Giants 🍂

🍁 Catch up on what has happened this week...

Fun Fact of the Day

Here is a fun and random fact. There are only 100 Days left in the 2022. This is the time to start chasing those forgotten resolution and make them still happen.

But here is more of a better fact in the Govcon community.

There are ONLY 7 days left in the fiscal Year!!

If you have been putting in the time and effort this week will bring incredible rewards. Let us know when you win, because when you win we win!

This week's Podcast Episodes

142: Marvina Case – Implementing synergy to businesses and government agencies to shape their future

In this episode, we have Marvina Case, the SwētSPOT.ai CEO, a Philanthropist, and Author II Cherry on the Tech. After publishing her book, The Mean, MEAN, Mother, Marvina Case dedicated herself full time to bringing synergy to businesses and government agencies around the world.

Whether as a keynote speaker, workshop leader, or digital transformation expert she helps break through the boundaries with data that are limiting people and get them ready to shape the future. Her company, Swetspot, claims to put the cherry on top of tech.

Eric can tell you as a person who has a podcast, a youtube channel, manages multiple consulting clients, 1000’s of students and government contracts, He knows exactly what she means by adding more and more layers of software on top of already existing solutions.

It does become confusing between different business segments and difficult to manage. I know after my initial sit down call with Marvina she immediately pointed out some areas that would help my team improve our internal processes so we can focus more on growing the business. One of the things that we started doing internally is writing down all of our processes and procedures. This may seem like not such a big deal, but for an organization that does not have a blueprint to follow this is a challenge.

Podcast Show Notes

Almost sold out event

We would like to share this upcoming event for those that are interested.

As their website states, this will be "An unprecedented learning experience, unapologetically dedicated to advancing the prosperity of black people."

Here is a bit about the organization:

What they do:

Through deliberate partnerships, we develop premier conferences that leverage the knowledge, influence and resources of the major financial institutions, insurance agencies and estate planning advisors, in order to inspire, educate and build Black wealth and economic might – enriching our families, our communities, and the entire country.

Why they exist:

Our “why” is radical and clear. We exist to close the racial wealth gap in our country by educating as many black families as possible about financial wellness, wealth building and its sustainable management. The promise of our nation’s story is tied to the prosperity of black people. We know that making financial knowledge more accessible to black people is a rising tide that’ll lift all boats.

Website Link

Sharing Important Information

Last week one of our members shared about this great credit given to small businesses for employees. She was kind enough to provide everyone with some information.

Here is a bit from the files she sent:

By now, just about everyone has heard of PPP loans, EIDL Loans, and the various grants available to employers that have been negatively impacted by COVID-19. However, there is another COVID relief program that many people don’t know about called the Employee Retention Tax Credit (ERC). It’s largely unknown because when it was first rolled out it didn’t apply to a lot of people (you couldn’t claim the credit if you got a PPP loan), but the rules have since changed. Under the new ERC rules, many businesses that were impacted

by COVID are entitled to tens, or even hundreds of thousands of dollars in COVID relief funds – over and above any PPP or EIDL loans they might have already received.

So how does it work?

The ERC is what’s known as a refundable tax credit that is available to employers and applied against your payroll (not income) taxes. The maximum amount you can get is $26,000 per employee. What we mean when we say the credit is refundable is that the IRS will cut you a check for the full amount of the tax credit - even if

the amount of the credit is more than the payroll taxes you paid. It’s very similar to a grant in this way. A nonrefundable credit would wipe your tax bill out and carry forward, but refundable means you still get money back.

*Information provided by - The COVID Relief for Employers that You May Not Know About

by Venar Ayar, J.D., LLM

For more information click on the link below and it will take you to a google drive folder with 3 files.

Click for files and info