| FEATURED ARTICLE |
| Do You Know About |
| IRS 6050W Merchant Reporting? |
 The Internal Revenue Service released 6050W Final Regulations to implement tax code Section 6050W enacted by the Housing Assistance Tax Act of 2008 (Pub. L. No. 110-289) that require payment settlement organizations to report payments in settlement of payment card and third-party network transactions for each calendar year. The new law is effective in 2011. |
| What that means to merchants is that they will need to provide their payment processor with the full legal name of the business, their address, and taxpayer identification number, because financial institutions will need to report credit and debit card receipts to the IRS. |
| More importantly it means that small business owners should plan ahead and review their bookkeeping and accounting practices. Once card payment reporting begins, business owners will need to reconcile the information reports submitted by the banks to their own books. Any discrepancies in reporting will need to be addressed so that accurate tax returns can be filed with the IRS. Click here for more information regarding 6050W. |
| PRODUCT SPOTLIGHT |
| Rapid Advance Small Business |
| Flexible Loan Program |
 The Rapid Advance Small Business Flexible Loan Program offers small business owners a unique alternative to traditional bank loans. Historical cash flow and business performance not just strict credit criteria are used to evaluate and support an approval allowing business owners an opportunity to grow. With loans from $3,500 to $150,000 business owners can use the capital to purchase inventory, remodel, purchase or repair equipment, expansion, pay off debts/taxes, hire more employees, etc. |
| Call NTC Texas for more information. 972-406-811 or 877-877-6511. |
| REMINDER |
| EGC (Electronic Gift Card) |
| Holiday Timelines |
 As the 2010 peak Gift Card season approaches, please be aware of the following important delivery timeframes for both new and existing card orders. This schedule is effective from October 1, 2010 through December 31, 2010. |
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| Card Order Type |
Thanksgiving Eve |
Christmas Eve |
| |
Order Delivery Deadline |
Order Delivery Deadline |
| Basic |
Monday, Nov. 15 |
Monday, Dec. 13 |
| Standard |
Thursday, Nov. 4 |
Monday, Dec. 6 |
| Custom (up to 50K) |
Monday, Oct. 25 |
Monday, Nov. 22 |
| Custom (over 50K) |
As Quoted |
As Quoted |
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| Gift cards are loyalty card capable. Contact NTC Texas for more information. |
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| DID YOU KNOW? |
| NTC Texas now offers the ability to have your receipts in Spanish. |
| The Affordable Care Act helps small businesses and small tax-exempt organizations afford the cost of covering their employees. If you have fewer than 25 employees and provide health insurance you may qualify for a small business tax credit of up to 35% (up to 25% for non-profits) to offset the cost of your insurance. This will make the cost of providing insurance much lower. Learn more about the Health Care Tax Credit for Small Employers. |
| TESTIMONIALS |
| “I appreciate the extra care and special service given to me and my company. NTC Texas always responds to my calls for help and questions with a smile in their voice. It is a pleasure to do business with NTC Texas� |
| Jody Swett, Owner |
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| On the Road Again |
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| ABOUT NTC TEXAS |
| An Elavon Payment Partner, NTC Texas enables your business with all the transactional capabilities of the processing network rated #1 by MasterCard for reliability and availability. Whatever size your business is now, together, we can make it grow. |
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Healthcare Providers |
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Retailers |
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Veterinarians |
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Web Developers |
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eCommerce/eBusiness |
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Legal |
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Assisted Living & Nursing Homes |
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Day Care Centers |
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Salons/Spas |
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Restaurants |
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Entertainment |
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Travel & Lodging |
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Not -for-profit |
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Business-to-Business |
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Government & Utility |
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| CONTACT US |
| NTC Texas |
| 106 Decker Court Suite 260 |
| Las Colinas, Texas 75062 |
| Email: Info@NTC Texas.com |
| Web: www.ntctexas.com |
| Tel: 972.406.8111 |
| Toll Free: 877.877.6511 |
| Fax: 972.406.8611 |
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