We are ERC specialists who help businesses reliably claim their COVID support funds from the CARES act.
See if you qualifyThe easiest way to qualify for ERC is through a basic revenue test. The IRS is trying to identify if you had a significant decrease in revenue in either 2020 or 2021 when comparing that back to 2019.
see more detailsThere is an additional way to qualify for the employee retention credit by justifying that your business experienced operational disruptions or restrictions from any COVID mandates or government orders.
see more detailsKyle was able to qualify for ERC despite having increased revenue during COVID because his operations were still impacted. Our impact analysis can be used to ensure you get the maximum refund that you are entitled to.
REad Full Case StudyEfficiently managing cash flow can be a challenge for small to mid-sized businesses. Omega Funding Solutions (OFS) offers ERC advance payments secured against your tax refund. If you can't wait for lengthy IRS processing, our ERC bridge loans provide immediate cash flow to cover business expenses.
The ERC is a refundable payroll tax credit, paid as a check mailed by the IRS. This credit rewards businesses by refunding up to $26,000 for each W-2 employee they kept on payroll during the pandemic.
If a business filed an income tax return deducting qualified wages before it filed an employment tax return claiming the credit, the business should file an amended income tax return to correct any overstated wage deduction.
The Employee Retention Credit is a pandemic tax credit. To apply, businesses need to file a payroll tax amendment by submitting IRS Form 941-X for every quarter that they retained employees in 2020 and 2021. Many companies are eligible to receive up to $5,000 for each employee in 2020 and up to $7,000 per employee for the first three quarters of 2021 (up to $21,000). In total, your business may be able to receive up to $26,000 per employee kept on payroll throughout those two years.
Businesses of all sizes across almost every industry, including startups, nonprofits, corporations, LLCs, and small businesses can qualify for Employee Retention Credit. The rules for 2020 differ from 2021. The ERC tax credit is complicated and the IRS follows strict regulations to determine who can qualify.
The ERC is neither a loan nor a grant. It's a tax credit sent as a check directly from the IRS which does not need to be paid back.
Join our referral program to earn cash for every business that successfully receives ERC from the IRS.
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