Get Up to $26k Per W-2 Employee!
What is the ERTC Las Vegas?
The Employee Retention Tax Credit (ERTC) was authorized under the CARES Act and was designed to reward business owners for retaining employees throughout the COVID-19 pandemic.
Even if you got a PPP loan, you are eligible.
Employee Retention Credit 2020
The 2020 ERTC Las Vegas is a refundable tax credit of 50% of up to $10,000 in wages paid per employee from 3/12/20-12/31/20 by an eligible employer.
That is a potential of up to $5,000 per employee.
Employee Retention Credit 2021
In 2021 the ERTC Las Vegas increased to 70% of up to $10,000 in wages paid per employee per quarter for Q1, Q2, and Q3.
That is a potential of up to $21,000 per employee.
No Repayment or Restrictions
While the ERTC Las Vegas was created in the CARES act along with the PPP Loans – this is not a loan, there is no repayment.
No restrictions on how to use the ERTC Las Vegas refund.
FREE No Cost Estimate!
By answering a few simple questions our team of ERTC Las Vegas experts can determine if you likely qualify for an Las Vegas Employee Retention Credit refund.
It’s free to find out if you qualify and for how much.
Success based on RESULTS!
We have helped over 10,200 small businesses owners.
Getting back over $700 million in ERTC refunds!
That’s over 252,052 eligible W-2 employees.
How will the process work?
It’s easy! First, just answer a few basic questions on our form below. Then the next steps are simple.
01.
Data Gathering
Use our secure portal to upload your 941 returns, PPP loan documents, and raw payroll data.
02.
Credit Calculation
Our CPA team will calculate the exact value of the refund, down to the penny and give you your options.
03.
Amending Returns
We will then prepare and help file the 941-X Amended payroll returns for you.
04.
Get Paid
Your refund comes straight from the US Treasury. Get your refund within 30 days with our Rapid refund.
How does the process work?
Let us show you what your business qualifies for, at no cost. Then the next steps are simple.
01.
Data Gathering
Use our secure portal to upload your 941 returns, PPP loan documents, and raw payroll data.
02.
Credit Calculation
We will use our expertise to calculate the exact value of the credit you can receive from the IRS.
03.
Amending Returns
We will prepare and help file the 941-X Amended payroll returns. Our CPA firms work solely on ERTC refunds.
04.
Get Paid
The IRS will process the credit and mail you a check. We also have Rapid Refund avaialble.
Why Us?
We are the largest ERTC claims firm in the U.S. and unlike other tax credit and accounting firms, we focus exclusively on ERTC claims. Our CPA team is very are experienced Employee Retention Tax Credit specialists that will maximize your available refund.
When you engage us, rest assured that you’ve hired the best ERTC Las Vegas firm to lock in this one-time opportunity for a large refund check from the IRS.
Quick & Easy
Our streamlined process has some clients filing claims in as little as 1 – 2 weeks.
No Risk
Receive an initial ERC estimate at no cost, with minimal time invested up front.
True Consulting
Allow us to fully document your eligibility and calculate your maximum ERC.
Amended Filings
Our deliverable is ready-to-file with the IRS without involving your payroll company.
Why Us?
We are the largest ERTC Las Vegas claims firm in the U.S. and unlike other tax credit and accounting firms, we focus exclusively on ERTC Las Vegas claims. Our CPA team is very are experienced Employee Retention Tax Credit Las Vegas specialists that will maximize your available refund.
When you engage us, rest assured that you’ve hired the best ERTC Las Vegas firm to lock in this one-time opportunity for a large refund check from the IRS.
Quick & Easy
Our streamlined process has some clients filing claims in as little as 1 – 2 weeks.
No Risk
Receive an initial ERC estimate at no cost, with minimal time invested up front.
True Consulting
Allow us to fully document your eligibility and calculate your maximum ERC.
Amended Filings
Our deliverable is ready-to-file with the IRS without involving your payroll company.
How much will you qualify for?
Answer just a few questions and let’s find out.
ERTC Las Vegas Questions
Here are some answers most businesses have about the Las Vegas Employee Retention Credit process.
What is the Las Vegas Employee Retention Tax Credit (ERTC)?
The CARES Act’s Employee Retention Credit is a fully refundable tax credit. For the 2020 program, the ERC is equal to 50% of qualified wages (including allocable qualified health plan expenses) that eligible employers pay their employees. This applies to wages paid after 3/12/2020 and before 1/1/2021. The maximum amount of wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an employee is $5,000.
For the 2021 program, the credit was increased to 70%, and the limit is $10,000 per quarter. This means the annual maximum for an employee is $28,000.
What is an Eligible Employer?
Eligible Employers for the purposes of the Employee Retention Credit are those that carry on a trade or business during calendar years 2020/2021, including a tax-exempt organization, that either:
- Fully or partially suspends operations by a governmental order, or
- Experiences a significant decline in gross receipts during a calendar quarter when compared to 2019
Won't my tax CPA handle this for me since they do my tax returns?
Whether your tax accountant is a CPA or EA, he or she most likely only prepares your Federal and State Income Tax Returns. However, ERTC credits are claimed against Employment Taxes on Form 941, and cash advanced through Form 7200.
The complexity of the ERTC program is a beast unto itself and every tax accountant we’ve talked to has said they focus on staying up-to-date on the ever-evolving income tax code, and they can’t now become experts in the ERTC program as well.
If your tax accountant is comfortable determining your eligibility by quarter and year, computing your credits, and preparing contemporaneous documentation to support an IRS audit, then you should certainly let them handle all of this.
If you want a second set of eyes on this, we’re happy to take a look.
What are qualified wages?
Qualified wages are compensation provided to employees during an eligible period. An eligible period is either:
a) the time during which the trade or business is fully or partially suspended by governmental order, or
b) for 2020, any calendar quarter during which gross receipts are 50% less than the amount received during the same quarter of 2019; for 2021, any calendar quarter during which gross receipts are 20% less than the same quarter of 2019
How will I "use" a tax credit?
This program is not an “income tax credit” and not related to your annual business tax returns or your profit/loss from the business. Although it is called a tax credit, it is most frequently received as a cash payment from the IRS. You may also use it to offset future payroll tax payments.
I received a PPP loan. Can I also get an ERTC Las Vegas?
Initially with the CARES Act, employers had to choose to apply for PPP or claim ERTC Las Vegas, but not both. On March 11, 2021, The American Rescue Plan Act of 2021 was signed into law. It included many modifications and expansions to previous stimulus programs. This included that businesses could now also claim ERTC even if they received PPP loans. So YES, any business that got a PPP loan now can also claim for an ERTC.
When is the operation of a business considered partially suspended for the ERTC?
The operation of a trade or business may be partially suspended if an appropriate governmental authority imposes restrictions upon the business operations by limiting commerce, travel, or group meetings (for commercial, social, religious, or other purposes). This can be a “Stay at Home Order” for non-essential businesses, a capacity restriction, or other possibilities.
My bookkeeper has all my info, can they handle my ERTC claims?
Your Bookkeeper should certainly have access to all the information that is needed for an accurate calculation of your legal ERTC claim. They will have your financial reports, payroll registers, and PPP loan forgiveness documents.
The Million Dollar Question is . . . Do They Have The Time?
So far, we have not found a bookkeeper who is able to take all this on, while handling the day-to-day of bookkeeping. If yours can, then take them up on their offer. We’re happy to take a second look.
Is there a deadline to apply?
The Employee Retention Credit is accessed by filing a 941-X Amended Quarterly Payroll Tax return. The IRS will accept these for up to three years after the initial filing, so the ability to participate in ERC program may continue into the end of 2024.
How much does this cost?
The initial analysis to determine your eligibility and approximate credit is completely free. If you file for an ERC with us, our fee is a percentage of the credit to be received.
Popular Questions
Here are some answers most businesses have about the ERTC process.
What is the Employee Retention Tax Credit (ERTC)?
The CARES Act’s Employee Retention Credit is a fully refundable tax credit. For the 2020 program, the ERC is equal to 50% of qualified wages (including allocable qualified health plan expenses) that eligible employers pay their employees. This applies to wages paid after 3/12/2020 and before 1/1/2021. The maximum amount of wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an employee is $5,000.
For the 2021 program, the credit was increased to 70%, and the limit is $10,000 per quarter. This means the annual maximum for an employee is $28,000.
What is an Eligible Employer?
Eligible Employers for the purposes of the Employee Retention Credit are those that carry on a trade or business during calendar years 2020/2021, including a tax-exempt organization, that either:
- Fully or partially suspends operations by a governmental order, or
- Experiences a significant decline in gross receipts during a calendar quarter when compared to 2019
I received a PPP loan. Can I also get an ERTC?
Initially with the CARES Act, employers had to choose to apply for PPP or claim ERTC, but not both. On March 11, 2021, The American Rescue Plan Act of 2021 was signed into law. It included many modifications and expansions to previous stimulus programs. This included that businesses could now also claim ERTC even if they received PPP loans. So YES, any business that got a PPP loan now can also claim for an ERTC.
When is the operation of a business considered partially suspended for the ERTC?
The operation of a trade or business may be partially suspended if an appropriate governmental authority imposes restrictions upon the business operations by limiting commerce, travel, or group meetings (for commercial, social, religious, or other purposes). This can be a “Stay at Home Order” for non-essential businesses, a capacity restriction, or other possibilities.
Won't my tax CPA handle this for me since they do my tax returns?
Whether your tax accountant is a CPA or EA, he or she most likely only prepares your Federal and State Income Tax Returns. However, ERTC credits are claimed against Employment Taxes on Form 941, and cash advanced through Form 7200.
The complexity of the ERTC program is a beast unto itself and every tax accountant we’ve talked to has said they focus on staying up-to-date on the ever-evolving income tax code, and they can’t now become experts in the ERTC program as well.
If your tax accountant is comfortable determining your eligibility by quarter and year, computing your credits, and preparing contemporaneous documentation to support an IRS audit, then you should certainly let them handle all of this.
If you want a second set of eyes on this, we’re happy to take a look.
My bookkeeper has all my info, can they handle my ERTC claims?
Your Bookkeeper should certainly have access to all the information that is needed for an accurate calculation of your legal ERTC claim. They will have your financial reports, payroll registers, and PPP loan forgiveness documents.
The Million Dollar Question is . . . Do They Have The Time?
So far, we have not found a bookkeeper who is able to take all this on, while handling the day-to-day of bookkeeping. If yours can, then take them up on their offer. We’re happy to take a second look.
What are qualified wages?
Qualified wages are compensation provided to employees during an eligible period. An eligible period is either:
a) the time during which the trade or business is fully or partially suspended by governmental order, or
b) for 2020, any calendar quarter during which gross receipts are 50% less than the amount received during the same quarter of 2019; for 2021, any calendar quarter during which gross receipts are 20% less than the same quarter of 2019
Is there a deadline to apply?
The Employee Retention Credit is accessed by filing a 941-X Amended Quarterly Payroll Tax return. The IRS will accept these for up to three years after the initial filing, so the ability to participate in ERC program may continue into the end of 2024.
How will I "use" a tax credit?
This program is not an “income tax credit” and not related to your annual business tax returns or your profit/loss from the business. Although it is called a tax credit, it is most frequently received as a cash payment from the IRS. You may also use it to offset future payroll tax payments.
How much does this cost?
The initial analysis to determine your eligibility and approximate credit is completely free. If you file for an ERC with us, our fee is a percentage of the credit to be received.