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Financial management made simple.

A highly secure platform to simplify and improve payment transactions for business owners and staff members.

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    quick & secure sign up.

    Sign up in just minutes on our highly secure platform and begin a new era of payment management for your business today.

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    payday made easy.

    Pay your staff quickly and easily without all the guesswork around traceability, taxation and accounting.

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    Finally, a plan that fits.

    The payment platform you have been waiting for that simplifies life as a business owner while thrilling your staff with benefits.

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What does this mean to 1099's?

It means that starting in January 1, 2011, if your credit card sales exceed $20,000, and your transactions exceed 200, then you'll be sent a 1099-K by your merchant account provider that shows the gross amount of transactions that you processed for that year.

Anyone with less than $20,000 in credit card sales, and less than 200 transactions will not receive a 1099-K.  The benefit for the government is that this becomes taxable gross wages on credit card sales.  This means that all of your credit card sales are now reported as taxable income and the IRS has direct access to this information. If a club doesn’t report all of its credit card sales, it can potentially trigger audits.  It is in every club’s best interest to have 1099-Ks for their staff.

So here is where Club Connect’s services come into play: Club Connect collects all of the 1099-K information of a club’s staff. On the employer’s side, all of the 1099-K information from their employees will be ready for them at the end of the year, which they can import or give to their CPAs (either quarterly or annually), relieving the stress headache of their business accounting.  Club Connect's product has nothing to do with the cash going through the business; this only has to do with credit card sales.

The Club Connect prepaid debit cards is a 1099 General Purpose Reloadable Card specially designed for gentlemen Club’s staff.  The card will have 1099 benefits for the cardholder and will provide 1099 data to the business owner.  The club will load, on a daily basis, the scrip money (funny money) earned by the cardholder during their working shift and therefore will keep records for reporting at year end.

Don’t let your club fall liable for bad transactions or unnecessary risks when it comes to cash. Club Connect brings the security and efficiency of a closed system to you, giving you peace of mind when it comes to your financial tracking.

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