Better Business Advice has published their review of the best Employee Retention Credit (ERC) specialist services as of June 2023. The review aims to assist business owners in finding reliable professionals to help them with claiming their ERC tax refunds.
Best ERC Services:
- Omega Tax Credits - best overall with a fast application process
- Bottom Line Concepts - proven track record working with multiple Fortune 1000 companies
The top ERC specialists identified by Better Business Advice are Omega Tax Credits and Bottom Line Concepts. Both services are able to help businesses that experienced a revenue decline or full or partial suspension of operations due to governmental orders claim up to $26,000 per employee through the ERC program. Omega Tax Credits is their top-rated service due to their fast application process and fast funding. Bottom Line Concepts also has a strong track record, having worked with numerous Fortune 1000 companies to claim ERC refunds.
The Employee Retention Credit (ERC) is a refundable tax credit for businesses that continued to pay employees while either shut down due to the COVID-19 pandemic or had significant declines in gross receipts from March 13, 2020 to Dec. 31, 2021. Eligible employers can claim the ERC on an original or adjusted employment tax return for a period within those dates.
Notably, businesses can still receive refunds even if they already received PPP (Paycheck Protection Program) relief. However, wages reported as payroll costs for PPP loan forgiveness or certain other tax credits can't be claimed for the ERC in any tax period.
The ERC specialist services review published by Better Business Advice also includes ERC Assistant, ERC Specialists, and Lendio as notable options for business owners seeking ERC assistance. In addition, the review outlines the advantages and considerations of applying for the Employee Retention Credit independently versus hiring professional help. While handling the ERC application independently allows for direct control and potential cost savings, it requires a deep understanding of complex tax regulations and eligibility criteria, which can be time-consuming and challenging for those with limited tax experience.
Hiring professional help offers numerous advantages, including expertise in navigating the complexities of the ERC program, ensuring compliance, and maximizing tax benefits for businesses. Professional services streamline the application process, alleviate administrative burdens, and allow business owners to focus on their core operations.
Omega Tax Credits is the top recommendation in the review due to its exceptional features and comprehensive services. Omega stands out for its quick and streamlined application process, prioritizing the prompt delivery of financial relief to businesses in need. They offer an ERC calculator to estimate potential refunds, along with short-term financing options based on the expected refund amount, providing immediate working capital to alleviate financial strains.
Better Business Advice highlights Omega's excellent customer support, offering a free 10 minute phone consultation and tailored guidance throughout the ERC application process. Additionally, Omega provides a user-friendly guide for document submission, simplifying the process for businesses. However, the review notes that the pricing structure of Omega's service may require businesses to inquire about costs to gain a complete understanding.
Bottom Line Concepts is recognized for its deep understanding of the grant process and its ability to optimize the grant amount within the program's parameters. The company's team of experienced experts has successfully maximized grants for numerous well-known businesses. Schedule an ERC consultation call with Bottom Line Concepts to learn more about their services.
Business owners seeking ERC assistance can also consider ERC Assistant, ERC Specialists, and Lendio, all of which offer valuable expertise and services in navigating the complexities of the ERC program.
For more information and to access the complete review, please visit the Better Business Advice website.
About Better Business Advice: Better Business Advice is a leading business advice website dedicated to helping entrepreneurs and businesses succeed. As an affiliate, Better Business Advice may earn commissions from services mentioned in the links provided. The information provided by Better Business Advice does not, and is not intended to, constitute legal advice; instead, all information, content, and materials are for general informational purposes only.
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Contacts
Andrew Mathews (andrew@betterbusinessadvice.com)
