Omega Accounting Tops the List of Fastest-Growing Companies in 2022
Omega Accounting Solutions was recently recognized as the #1 fastest-growing mid-sized company in Orange County by the OC Business Journal. The OCBJ based its rankings on two-year revenue growth from 2020 to 2022, with Omega Accounting Solutions achieving an increase of over 3,000% during that period. It’s not the accounting firm’s first time being named among the best companies in Orange County. Omega was also recognized by the OCBJ as the #3 fastest-growing small private company in Orange County for 2021. Their rapid growth over the past year placed them in the mid-size company category for 2022.
To support the expansion, the company relocated its headquarters to Irvine’s FivePoint Gateway office campus, moving into a space of more than 21,000 square feet, more than triple the size of its prior footprint.
Omega Fuels New Growth with Employee Retention Tax Credits
Founder and President of Omega Accounting Solutions, Jay Woods, credits their rapid rise to the company’s strategic integration of tax credits for small business clients.
“We saw a great opportunity to expand our services by helping small, underserved businesses utilize new tax credits created in response to the pandemic, such as the ERTC. In doing so, we’ve helped many companies recover from shutdown mandates and supply chain disruptions while growing our business along the way.”
The Employee Retention Tax Credit (ERTC) is a refundable tax credit rewarding businesses that retained employees during the COVID-19 pandemic. Small to medium-size companies can receive up to $26,000 per employee, retroactive to 2020 and 2021. By educating clients Omega enables them to take advantage of the ERTC and handles the application process from start to finish. As a result, Omega recorded exponential growth at unprecedented speed.
Omega Looks to Sustain Rapid Growth in 2023
While many financial indicators signal an economic downturn, many top companies in Orange County are still achieving accelerated growth. Omega Accounting Solutions is proud to be a leader in this category and plans to continue expanding its workforce with increased hiring efforts in 2023 and beyond.