Discover if your business qualifies for the ERC tax credit. If you received PPP money due to COVID, you might be eligible. Omega Tax Credits assists businesses of all types.
In response to COVID, the CARES Act created a range of temporary pandemic relief funds to support American families, furloughed workers, unemployed individuals, small businesses, corporations, and healthcare providers. It still stands as the largest financial rescue package in our nation’s history.
Nearly everybody heard about the Paycheck Protection Program as it made the rounds through media. But there is another important program that is part of the CARES act that many businesses are still unaware of! This program is a tax credit called the Employee Retention Credit.
If you qualify, the IRS will pay you up to $26,000 for each employee you retained during the COVID pandemic.
Businesses across almost every industry can qualify for the Employee Retention Credit. Small businesses, startups, nonprofits, corporations, LLCs, and companies of all sizes are eligible for the ERC tax credit.
The easiest way to find out if you qualify for the Employee Retention Credit is to reach out to our professionals and they will walk you through the process in 10 minutes. But if you want to dive deeper, you can read our blog post on eligibility.