Marshawn Govan, President and CFO of MKG Insurance Agency and MKG Tax Consultants, has unveiled a comprehensive banking app that rolls many services, from taxes to crypto, under one banner.

Published On March 10, 2022 - 11:35 AM

Written By Frank Lopez at The Fresno Business Journal

https://thebusinessjournal.com/fresno-entrepreneur-launches-one-stop-banking-app/

The tax season is upon us, and while every taxpayer encounters some confusion when filing, the uphill tax battle is even steeper for businesses.

A local tax and insurance consulting agency has launched an app to make the filing process for personal and business owners quicker and simpler.

MKG Insurance Agency and Tax Consultants, with two locations in Fresno, released its banking-as-a-service tax app for both the IOS and Android platform in February.

President and CFO Marshawn Govan said it was important to launch the mobile app during Black History Month to honor the contributions African-Americans have made throughout history — and to recognize the fight for racial justice going on to this day.

The app allows users to open bank accounts from their mobile phone, send and receive ACH (Automated Clearing House) payments, pay bills and manage cash flow securely online with an FDIC-insured business bank account.

The new app is a rebuild from an old version with an IBM license—meaning MKG didn’t own the source code for app. The new app was built specifically for MKG, meaning there is no limit for the license and no costs to renew it.

Most tax companies with mobile apps use third-party developers, leasing the software as a service.

“We are originators and developers of what we have in the market,” Govan said. “We can also branch out, white label it and offer that as a software service to other tax companies — to a bank looking to become a green product.”

The app also helps consumers start the process of buying a home.

Govan said the goal is to help underprivileged and underbanked families access credit to affordably finance auto loans, home improvements, home solar systems, down payments, investment and paying off debts.

While it is unique that a local tax and insurance agency has its own specifically developed app, MKG also offers crypto tax service.

Users will be able to buy, sell and exchange crypto currency. The company even launched its own crypto-token — Token MKG Enterprises Corp.

According to Govan, no other tax firm is offering a crypto token.

The app also features money-wiring services such as Cash app and Venmo.

Users that are business owners will be able to open a business banking account, send and receive money and make check deposits — much like other banking apps on the market.

Currently MKG is doing regulation crowdfunding, allowing retail investors that might not be accredited to invest smaller amounts. With smaller investment amounts, Govan said it gives them an opportunity to share in the company’s future growth without them having to invest a large part of their finances.

https://wefunder.com/mkgenterprisescorps

MKG is preparing to go public in 2022 to be listed on the OTC market. Govan said that investors have the opportunity to invest now before it grows.

Govan said there are a lot of barriers for Black people and other underserved communities regarding financial equity, and the FinTech industry is not one where Black people normally dominate.

This makes it...

(SECURD) Setting Every Community up for Refund Deposit

$50 CASHBACK REWARD for downloading our Tax-Filing App

OFFER IS VALID ONE PER CUSTOMER, tax returns must be electronically filed with MKG Tax Consultants and be eligible for an ERD electronic refund deposit.

SECURD Advance loans are available in 15 States APR depends on your resident state.

California 35.99% APR

Arkansas

Colorado 12% APR

Connecticut 12% APR

District of Columbia 6% APR

Florida 18% APR

Massachusetts 12% APR

New Jersey 16% APR

Oklahoma 10% APR

Oregon 12% APR

South Carolina 12% APR

Texas 10% APR

Virginia 12% APR

Wisconsin 18% APR

Wyoming 10% APR

SECURD Advance loans is an optional fixed-term loan offered by Cash Advance Short Term Repayment Option Lender. The SECURD Advance loans principal loan amount, applicable interest and any fees will be deducted from federal and state tax refund proceeds. SECURD Advance is not an actual federal or state tax refund. Applying for a SECURD Advance does not guarantee approval. Qualifications and restrictions apply and all applicants may not be eligible for SECURD Advance.

SECURD Advance loans is an optional fixed-term loan offered by Cash Advance Short Term Repayment Option Lender. The SECURD Advance loans principal loan amount, applicable interest and any fees will be deducted from federal and state tax refund proceeds. SECURD Advance is not an actual federal or state tax refund. Applying for a SECURD Advance does not guarantee approval. Qualifications and restrictions apply and all applicants may not be eligible for SECURD Advance.

SECURD Advance loans principal amounts offered are $500, 25%, 50% or 75% of the expected net tax refund amount, up to $10,000 SECURD Advance loans have an APR of 35.99% based on a 30-day term. All SECURD Advance loans have an origination fee. Refund Transfer fees may also apply.

Download our mobile app today.

https://mkgtaxconsultants.com

5 Reason Black people don't have money and wealth

1. Black culture

2. Generational poverty

3. Appearance of being white- success attributes

4. Black men care more about sex then success

5. Black women will choose a man that has sexiness, game and swag over a solid well paid lame.

5.1 Black culture don't celebrate the attributes of success

Attitudes and habits

Black people don't like to take opportunity. if its not sexy, hot, swag, flashy, black people must be entertained to be educated.

Waiting on someone else to create the change sitting on their hands.

Conclusions:

Black people must adopt progressive habits and tactics to building wealth.

Restoring the American Credit System by Democratizing It

https://vimeo.com/664062370

The Jan. 24 tax-filing start date for 2022 is 19 days earlier than 2021's start date of Feb. 12.

At the same time, the IRS warns that the upcoming filing season could be frustrating for taxpayers and tax preparers alike due to pandemic-related delays, a backlog of unprocessed returns from 2021, and years of budget cuts that have made the agency's job more difficult.

• Taxpayers can begin filing 2021 tax returns Monday, Jan. 24, 2022, 21 days earlier than last year.
• The IRS has warned there could be delays in issuing refunds in 2022 due to issues related to the pandemic, budget cuts, and unprocessed returns from 2021.
• The tax agency cautions taxpayers to file as early as possible after Jan. 24 and to make sure they have their paperwork in order.
• The IRS suggests taxpayers look for help online and use phone lines only if necessary.
• The agency says if you file electronically, choose direct deposit, and, assuming there are no issues with your return, you should get your refund within 21 days.

To avoid processing delays and speed refunds, the IRS urges people to follow these steps.

• Gather your 2021 tax records including Social Security number, Individual Taxpayer Identification Number, Adoption Taxpayer Identification Number, and this year's Identity Protection Personal Identification Number for calendar year 2022.
• Check IRS.gov for the latest tax information, including the latest on how to reconcile advance payments of the Child Tax Credit or claim a Recovery Rebate Credit for missing stimulus payments.
• Make sure you report correct amounts for any Economic Impact Payments or advance Child Tax Credits received in 2021.
• If you need help, use online resources such as MKG Tax Consultants registered return tax preparer Tax Filing Mobile App instead of calling. Calling the IRS should be a last resort.
• Even if you are not normally required to file a tax return, you need to do so in order to claim a Recovery Rebate Credit, to receive a tax credit from 2021 stimulus payments, or to reconcile advance Child Tax Credit payments.
• File electronically and request direct deposit.

If you request an extension to file by April 18 (or 19), you have until Monday, October 17, 2022, to submit your 2021 tax return. You must pay your estimated taxes, however, by the regular tax filing deadline of April 18 (or 19)

Even though you can file your tax return as soon as Jan. 24, 2022, by law the IRS cannot issue a refund involving the Earned Income Tax Credit (EITC) or Additional Child Tax Credit (ACTC) before mid-February. The purpose of the law is to prevent fraudulent refunds from being issued.

Download MKG Tax Consultants covid free Tax Filing Loan Originator Mobile App and Get Your Max Tax Refund

https://mkgtaxconsultants.com

If you receive $600 or more payments in total for goods and services through a third-party payment network, such as Venmo, Cash App, or Zelle, these payments will now be reported to the IRS.

The new rule results from the American Rescue Plan signed into law in March 2021 and will mainly impact business owners using third-party payment network providers. The IRS is cracking down on payments received through apps, such as Cash App, Zelle or Paypal to ensure those using the third-party payment networks are paying their fair share of taxes.

Previously, the IRS only required third-party payment networks to report payments that met both of the following reporting requirements:

• Gross payments that exceed $20,000, AND
• More than 200 transactions within the current year.

Beginning Jan. 1, 2022, third-party payment networks will be required to send users Form 1099-K for transactions made by mail or electronically. This means you don’t have to worry just yet: The new tax reporting requirement will impact your 2022 tax return filed in 2023.

MKG Tax Consultants

https://mkgtaxconsultants.com/venmo-cash-app-and-other-payment-apps-to-report-payments-of-600-or-more/

The lack of wealth in many African-American households has left them especially vulnerable to the financial fallout from the coronavirus crisis; but the federal government has perhaps its best opportunity yet to fix these racial disparities.

Huge wealth disparities between Black and white households in America existed long before the COVID-19 pandemic and have continued during the crisis. Data show that during the pandemic, Black households faced more financial emergencies with fewer economic resources, resulting in a widening gap in economic opportunity between Black and white households.

The pandemic occurred against the backdrop of a massive Black-white wealth gap. Because households quickly needed to rely on their wealth when the pandemic hit in early 2020, the crisis also illustrated the importance of wealth for families’ financial security. Black households suffered more in the pandemic in large part because they needed more but had much less wealth than white households. Wealth, both as an emergency buffer and as a means to invest in people’s futures, became critically important.

Millions of households, especially African American and Latino households, faced unemployment and multiple health emergencies more or less from one day to the next. Yet many of these same households had few or no emergency savings to fall back on during this time. When people lost their jobs, many needed to rely on emergency savings, leaving them with less financial security as the pandemic unfolded. For example, in 2020, 46.7 percent of unemployed white households could not come up with $400 in an emergency, while 65.2 percent of unemployed Black households lacked access to $400 in such situations.

Learn more about Fresno Black investment Group

https://mkgfinancialgroup.com/capital-formation/

Fresno Black Investment Banking

https://mkgfinancialgroup.com/fresno-black-investment-banking/

At Fresno Capital Formation our definition of financial wellness calls for a mindset shift—on both individual and institutional planes. If every person is a unique collection of their own experiences, opportunities, and interests, their finances should be as well. In perpetuating the class system narrative and fighting the wealth war with one-size-fits-all planning, we are instead asking people to shoehorn their identity onto an outdated view of financial success.

Financial Wellness

https://mkgenterprisescorp-client.com/the-missing-piece-of-the-financial-inclusion-puzzle-in-blacks-and-hispanics/

Connect with us online or request a callback

https://justcall.io/call-now/b2957848

Operation Choke Point

All Americans, entrepreneurs and small businesses across our great country come from very different walks of life. They have taken great risks and share a common dream to start a company that can one day become profitable and provide for their families. While businesses face incredible hurdles before they succeed, the ones that do survive provide the foundation for our local communities.

Unfortunately, the most alarming hurdle facing businesses today is a Department of Justice initiative known as Operation Choke Point.

Created under the guise of a program to root out fraud and illegal activity, this initiative has been used by White House administration bureaucrats to pressure banks to end relationships with businesses they consider to be objectionable or "high risk." The House Financial Services Committee, the House Oversight and Government Reform Committee and the House Judiciary have held hearings on this out-of-control program. Peter Weinstock, a partner at a Dallas law firm whose practice focuses on corporate and regulatory representation of financial institutions, testified before the House Judiciary Committee on July 17, 2014:

"The U.S. Department of Justice created Operation Choke Point ostensibly to combat consumer fraud. However, it has become apparent that the program instead seeks to eradicate disfavored businesses."

This administration has targeted small businesses such as firearm and ammunition dealers, cigar shops, fireworks retailers, pawn stores, payday lenders and others. This backdoor effort by this administration to target legitimate law-abiding businesses they do not like, and to coerce banks to choke off relationships with these businesses, is completely unacceptable.

Restore the American Dream to build the next Financial Institution

Invest in MKG Enterprises Corp on Wefunder

https://wefunder.com/mkgenterprisescorps