ERC Tax Credit

Your ERC Tax Credit Experts

We’ve secured Employee Retention Credits (ERCs) for satisfied clients nationwide

Omega is your government tax incentive expert. We strive to help our clients achieve the best possible options for their businesses.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law in late March 2020, provides economic relief to businesses and individuals. The stimulus package, which made $370 billion in funding available to small companies, contains a provision allowing certain employers to claim the Employee Retention Tax Credit for retaining employees during the crisis.

Employee Retention Tax Credit (ERC)

The Employee Retention Credit (ERC) is a refundable payroll tax credit created under the CARES Act that rewards employers per employee they retained during the COVID-19 pandemic. The ERC is part of the greater pandemic relief fund that helps support employers amid the economic fallout caused by the Coronavirus. This payroll tax credit does not need to be repaid, unlike some of the pandemic-era PPP loans.

The ERC credit awards money for each employee in 2020 and even more per employee for each of the first three quarters of 2021.

How Do Businesses Qualify for the ERC?

Your US-based business may qualify for ERC if it meets the following criteria:

  1. Employee Count:
    • You employed less than 500 full-time employees in 2019.
  2. Business Impact:
    • EITHER: You suffered a significant decline in revenue in any quarter of 2020 or 2021 when compared to the same quarter of 2019.
    • OR: A government order caused you to significantly modify business operations.
NOTE: Businesses that file an income tax return deducting qualified wages before filing an employment tax return claiming a tax credit should file an amended income tax return to correct any overstated wage deduction. You can read more on this IRS page.

How Do Eligible Employers Claim Their ERC Refund?

Eligible employers can still claim the ERC tax credit today by retroactively amending their 2020 or 2021 payroll taxes with IRS Form 941-X (often referenced as an “ERC tax form”) to claim an ERC refund.

Omega works with eligible employers by reviewing the relevant financial records to calculate their expected ERC refund amount. Our talented team will complete and file the relevant IRS forms on the business’s behalf and prepare and retain all supporting documentation.

Why Choose Omega as My ERC Provider?

Many inexperienced ERC specialists have started up in the last two years that are abusing the ERC. IRS auditors are now targeting these “ERC mills,” and you need a tax credit specialist that you can trust.

Omega Accounting Solutions is different.

We’re among the best ERC tax credit companies for a reason. Our tax credit experts perform thorough due diligence to ensure your business meets the IRS’s official ERC qualifications. We maximize your ERC refund while staying within the law, and provide a complete Substantiation Report that confirms your eligibility and credit calculations with thorough documentation, providing comprehensive support if your claim is ever reviewed or audited.

We verify your business’ eligibility to receive the Employee Retention Credit through our rigorous qualification framework that goes above and beyond the IRS’s six-part ERC Eligibility Checklist.

Recent ERC Clients

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Key Program Benefits

  • Claim the tax credit on employee wages paid between March 12, 2020 and December 31, 2020
  • Recover up to 50% of the first $10,000 paid to each employee for the year
  • Eligibility for the credit – EITHER a reduction in gross receipts of at least 50 percent from the comparable quarter in 2019 OR impacted by a state or local government order
  • 100-employee delineation for determining the relevant qualified wage base (based on 2019 employee count)
  • Claim the ERC credit on employee wages paid between January 1, 2021 and September 30, 2021
  • Recover up to 50% of the first $10,000 paid to each employee for the year
  • Eligibility for the credit – threshold drops to 20 percent. Safe harbor allows employers to use prior quarter gross receipts to determine eligibility.
  • To qualify, your business must have: EITHER a reduction in gross receipts of at least 20% from the comparable quarter in 2019 OR been impacted by a state or local government order
  • 500 full-time employee delineation for determining the relevant qualified wage base (based on 2019 employee count)
  • Employers who receive PPP loans may still qualify for the ERC with respect to wages that are not paid for with forgiven PPP proceeds (retroactive to the CARES Act)
  • Allows startup employers who were not in existence for all or part of 2019 to be able to claim the credit.
  • This new provision is retroactive to the effective date included in Section 2301 of the CARES Act
  • IIJA retroactively amends and limits availability in the fourth quarter of 2021 to a recovery startup business or businesses that began operations after February 15, 2020

Get paid in 3 Steps

Step 1: Document Upload & Employee Retention Credit Calculation

Upload several documents through our secure portal and our experts will calculate the amount you’ll receive for your employee retention tax credit (ERC).

Step 2: Amended Tax Returns
We’ll prepare and audit all the documentation and help you file your 941x amended returns (ERC tax forms).
Step 3: Get Paid
You’ll receive an ERC refund check directly from the IRS. Get your employee retention tax credit check now.