Ask the Surety Pro

Ask the Surety Pro

Why is My Bonding Company Asking for a Continuity Plan?

Dec 1 2022

Surety bond companies need to know that projects will be completed in the event of an untimely death, extended absence, or disability of a construction company owner or key employee(s). Without a continuity plan in place, the unexpected loss of a key owner or employee(s) can create a chaotic situation for contractors and potentially their…
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Is it easier to qualify for IRS COVID-19 Employee Retention Credits (ERCs) for tax year 2020 or 2021?

Nov 18 2022

Craig Brogan, CPA, an outside contributor to AC Surety discusses how contractors can determine if they’re eligible to receive a significant ERC refund check for tax years 2020 and/or 2021. craig.brogan@brogancpa.com(410) 610.8464 The IRS is still issuing employee retention credit (ERC) refunds for companies that retained employees during the COVID-19 restrictions in tax years 2020…
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Can Construction Companies Still Apply for an IRS Employee Retention Credit (ERC) In 2022?

Oct 31 2022

Craig Brogan, CPA, Principal at Brogan and Company, LLC, discusses how contractors may be eligible for up to $7000 per employee in credits from the IRS, that’s $7k per employee, per quarter for TY 2021. The IRS is still issuing payroll credits for companies that were negatively impacted by COVID-19 during tax years 2020 and 2021.…
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Accounts Receivable Collections-Real Stories from Real Contractors!

Oct 26 2022

Anderson & Catania Co-Founder, Richard Anderson, offers another inspiring AR collection story from the front lines! We love helping our contractor clients find the perfect surety solution. We also like to help them in any other way we can, like assistance with collecting their hard-earned money! Have any of you ever had trouble collecting an…
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The Anderson & Catania Surety Team Welcomes Surety Expert Tony DeMartino!

Oct 7 2022

Anderson & Catania welcomes Tony DeMartino, a surety professional with decades of industry experience and exceptional customer service, to the AC surety team.  Tony DeMartino has decades of experience on the underwriting side of the business as well as the brokerage side. Tony helped train our Co-Founder and CEO, Joe Catania, at his first job…
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Welcome, Gemma Fendler, to the Anderson & Catania Surety Team!

Sep 21 2022

Anderson & Catania welcomes Gemma Fendler, a consummate surety professional with 30+ years of experience, to the team. Anderson & Catania is proud to announce that another exceptional, highly experienced surety professional has joined our team.  Gemma Fendler has over 32 years of surety experience spanning all aspects of the industry. Gemma spent 20+ years…
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Does an Automatic Bank Sweep Affect My Ability to Obtain Surety Bonds?

Aug 22 2022

Anderson & Catania Senior Surety Bond Producer, Tony Demartino, provides some excellent insights on how to manage bank sweeps associated with commercial LOCs. Commercial bank lines of credit can be an excellent way to manage your business’s short-term obligations and expenses, like payroll, accounts payable, etc.  The problem can be that most banks require you…
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Surety Bond Agency Supports Woman and Minority-Owned Businesses

Surety Bond Agency Supports Woman and Minority-Owned Businesses

Aug 18 2022

Anderson & Catania is a national surety bond agency dedicated to removing business obstacles for you, unleashing your entrepreneurial energy. At A&C, we also believe in supporting exceptional non-profits nationwide who help companies in their local communities to succeed and thrive. One of those organizations is the Nashville Business Incubation Center or NBIC. NBIC’s vision…
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