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The Employee Tax Credit Experts
Maximize Your Employee Retention Credit & Receive up to $ 26,000 Per Employee
Lasiter & Lasiter CPAs is a 3rd generation CPA firm that has been licensed and in business since 1963 (59 years!). They have a 100% track record with every client they have submitted to the IRS in getting a refund. They work diligently and thoroughly to make sure each client receives the maximum ERCT refund allowed.
Over 40 years of excellence!
Life-long audit protection
$1 Million Dollar E and O liability policy per client
We aggressively go after the most amount of ERC $ possible!
You only pay for our professional services AFTER you receive your check from the IRS
Why Chose Us
Even if your business did not have a revenue reduction in 2020-2021 or was deemed essential… You can still qualify for ERC!
Maximizing Your ERTC Refundable Claims
The Employee Retention Tax Credit (ERTC) is a credit that provides tax relief for companies that lost revenue in 2020 and 2021 due to COVID-19. The ERTC was designed to incentivize businesses of all sizes to keep employees on their payroll during this period of economic hardship.
Part of the CARES Act enacted on March 25th, 2020:
Max of $26,000 per employee
Fully refundable tax credit against employer-paid payroll taxes
Paid directly to you from the IRS
Does not have to be paid back or allocated to certain expenses
Claimed by filing amended 941-X for qualifying quarters
Does My Business Qualify?
Common Misconceptions
We do not qualify because of my business:
Did NOT have a revenue decline
Did better during the pandemic
Did NOT shut down
Received PPP funds
I Was Told I Don’t Qualify
This is an extremely complex program. As with nearly every program created by the government, there are over 1,000 pages of guidance for the professionals that handle these filings. Many of our clients have been told by their CPA or Tax Attorney that they don't qualify. They make this decision based on the Significant Decline in qualification.
They incorrectly assume that since a company increased revenue they will not qualify. Numerous businesses are qualifying based on the Partial Shutdown rule where they evaluate the Nominal Effect and supply chain issues. Nearly every business was affected by Covid in some fashion.
Change in business hours
Partial or full suspension of your operations
Shutdowns of your supply chain or vendors
Reduction in services offered
Reduction in workforce or employee workloads
A disruption in your business (division or department closures)
Inability to visit a client’s job site
Suppliers were unable to make deliveries of critical goods or materials
Additional spacing requirements for employees and customers due to social distancing
Change in job roles/functions
Tasks or work that couldn’t be done from home or while transitioning to remote work conditions
Lack of travel
Lack of group meetings
Qualifying Examples
RETAIL STORES
Example: A boutique retail store saw a significant decline in gross receipts in 2020 compared to 2019.
MEDICAL SERVICES
Example: A dental practice was ordered to fully shut down at the beginning of the pandemic.
RESTAURANTS
A restaurant shut down due to a government order, then was allowed to provide outdoor dining, followed by indoor dining with capacity restrictions.
TECH STARTUPS
A software company developed a new product for its customers in 2021. Average revenue for the past 3 years was under $1M.
FITNESS CENTERS
A private gym received a PPP loan and saw a significant decline in revenue compared to 2019.
NON-PROFITS
A non-profit organization partially suspended operations due to a government order.