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.
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GROWING SMALL BUSINESS IN AN UNCERTAIN ECONOMY
Estimate of Total Qualified Wages:
Estimate of ERC
*This is an estimate of your refund, not a binding quote.
Get Top Tips for Overcoming ERC Challenges & Identifying the Best Filing Partner
As the Employee Retention Credit (ERC) has gained nationwide visibility, it has faced difficulty gaining traction, leaving millions of eligible companies hesitant to file and claim their available refunds.
THE REPORT
To better support small business decision-makers, Omega Accounting Solutions commissioned a national study into how small business employers view the ERC, finding that an abundance of misinformation and a lack of clarity have left decision-makers vulnerable and confused.
ABOUT THE ERC
During the pandemic, Congress passed government tax credits to help small businesses get by or get back on their feet, including the Employee Retention Credit (ERC). Benefiting small businesses that may have overpaid payroll taxes while simultaneously limiting hours and/or losing revenue due to local, state or federal mandates, your ERC refund could be worth as much as $26,000 per employee!
The ERC tax credit is approaching the three-year filing window. After March 31, 2023, employers will no longer be able to claim the ERC for the corresponding quarter three years prior.
DOWNLOAD THE REPORT TO LEARN ABOUT:
HOW MUCH COULD YOU GET BACK?
Enter the data requested to receive an estimate of your ERC for tax years 2020 or 2021.
of decision-makers claim the ERC application process was just as difficult or more difficult than applying for a Paycheck Protection Program (PPP) loan
of decision-makers feel their business needs help or lacks resources for handling tax credits
of business leaders believe that the ERC helps small businesses stay afloat during difficult times
Qualifications for ERC eligibility
ERC benefits
ERC guidance and assistance
The application process
Five questions to ask before selecting an ERC partner