Omega Accounting Solutions offers a fast, easy, and secure Employee Retention Tax Credit (ERC) refund process.
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Editor & Senior Staff Writer
Last updated onUpdated
REVIEWED BY
Expert Contributor
| Total Rating | 4.3 |
|---|---|
| Fees3.0 | |
| Features5.0 | |
| Refund Process & Timeline4.3 | |
| Customer Service4.4 | |
| User Reviews4.9 | |
On 1/10/24, IRS Commissioner Daniel Werfel announced that the IRS is continuing to improve and automate ERC review procedures and will begin processing new ERC claims in the spring following the moratorium implemented in September. Existing claims are still being processed and eligible businesses can still submit an ERC claim through reputable top ERC companies to be processed when the moratorium ends. Visit our full breakdown of the ERC pause for the latest information.
Table of Contents
Omega Accounting Solutions is an accounting and data firm that offers business and financial solutions to its clients. One area that has been getting a lot of attention recently is Omega Accounting’s Employee Retention Credit (ERC) services, which helps business owners claim this lucrative tax credit retroactively as a refund from the IRS.
Omega Funding Solutions (the offshoot of Omega Accounting that handles ERC) is one of the best ERC companies out there. But ERC isn’t all that Omega Accounting Solutions offers.
The company specializes in personalized solutions to fit the unique needs of each client, whether it’s implementing a new software package or doing a year-end review with an experienced CFO.
Omega Accounting Solutions offers a variety of accounting solutions to business owners. Omega is an ERC specialist that can help eligible businesses claim the ERC refund on taxes. Omega also offers ERC bridge loans to its clients, a unique service that you won’t find with most ERC companies.
Additionally, Omega can help business owners claim the Research & Development (R&D) tax credit. Omega can also help cannabis retailers in California claim the new High-Road Cannabis Tax Credit. Omega also offers several other useful business and financial services.
Here’s everything that Omega Accounting Solutions provides to its clients:
| Fees3.0 |
|---|
| ERC Refund Fees 2.1 |
| ERC Consultation Fees 5.0 |
Omega Accounting does not disclose its fees, nor does it explain when fees are paid (for example, whether or not fees can be paid upfront at a discount or paid when you receive your refund). However, you can contact Omega Accounting through its online form to receive a call back to determine if you qualify and how much the services will be if you move forward.
Unfortunately, this lack of transparency negatively affected how we rated Omega’s pricing.
| Features5.0 |
|---|
| ERC Services 5.0 |
| Additional Tax Services 5.0 |
Omega Accounting offers a load of benefits and features you won’t find with its competitors. There is no feature overlooked at Omega, whether it’s an ERC advance or additional tax services, which is why we gave it a perfect rating for features. Standout features of working with Omega Accounting Solutions include:
| Refund Process & Timeline4.3 |
|---|
| Ease Of Refund Process 3.8 |
| Speed Of ERC Processing 5.0 |
A quick application process, fast claim processing, and the availability of ERC advances contributed to high marks for Omega’s ERC refund process.
Omega Accounting Solutions has a very easy ERC refund process. You can start the process by completing a short online form. Omega Accounting will then call you and help determine if you are eligible for an ERC refund. This process takes approximately 10 minutes.
After initially determining your eligibility, you will be invited to upload your documentation through Omega’s secure portal. At this time, Omega will be able to calculate the amount of your ERC.
If you choose to move forward, Omega Accounting will prepare and audit Form 941-X to file your amended return for your refund. Once your return has been submitted to the IRS, the final step is to wait for your check.
The process of completing and filing your forms is pretty quick and painless. However, it is worth noting that due to the backlog of claims at the IRS, receiving your check will take a minimum of 20 weeks. In the meantime, Omega Accounting does offer ERC Advances to help you get the capital you need while you wait on your ERC refund through Omega Funding. (Learn more about ERC loans to see if one might be right for you.)
| Customer Service4.4 |
|---|
| Personal Support 4.7 |
| Self-Service 4.0 |
Omega scores high marks for customer service because it’s easy to get in touch with the company, and once you do, customer service is top-notch. Omega Accounting offers several ways for customers to get in touch, including a live chat option on its website, email, or social media profiles on Facebook, Instagram, Twitter, and LinkedIn. Omega Accounting Solutions also has a dedicated phone number for Merchant Maverick readers to reach out for questions: (949) 577-7357.
| Omega Accounting Solutions Customer Service | Availability |
|---|---|
| Phone Support | |
| Email Support | |
| Support Tickets | |
| Live Chat | |
| Dedicated Support Representative | |
| Knowledge Base or Help Center | |
| Videos & Tutorials | |
| Company Blog | |
| Social Media |
Current and past clients of Omega have overall positive things to say about the quality of customer service. According to these customers, the Omega Accounting team is responsive, knowledgeable, polite, and professional.
| User Reviews4.9 |
|---|
| Customer Feedback 5.0 |
| Review Site Aggregate 4.8 |
Omega Accounting Solutions has a good reputation among current and past clients. The company has a rating of 4.47/5 stars on the Better Business Bureau, though the company is not BBB accredited. Omega Accounting also is rated 4.3/5 on Google Reviews. These solid reviews earned Omega a near-perfect rating in this category.
The majority of Omega’s reviews are positive, but there are a handful of complaints. Some of the most common complaints include:
It’s worth noting that the complaints about slower processing times are likely due to the IRS pause on ERC processing, which is outside Omega Accounting’s control.
Omega Accounting has multiple positive reviews. What most stood out for customers working with Omega is:
Omega Accounting Solutions is a great option for businesses that want to maximize their ERC refunds. What really stands out about Omega is its ERC bridge loan program. While some businesses have to wait at least 20 weeks — and others will wait a year or longer! — Omega’s ERC Advances give businesses access to the capital they need in as little as 30 days.
In addition, Omega can help businesses determine their eligibility for the R&D tax credit and navigate the complex process that comes with claiming the credit. Omega also helps licensed dispensaries in California navigate the new High-Road Cannabis Tax Credit, and performs cost segregation studies for taxpayers who own commercial or investment properties.
If you need additional services, Omega has you covered in that area, too, offering a wide assortment of business and financial services.
One potential drawback is that Omega doesn’t disclose its pricing upfront, so you’ll have to sign up for a free analysis to learn more about the fees associated with ERC claims or contact the company by phone or email to learn about its other services.
However, Omega’s range of services, excellent customer support, and overall positive public reputation make it a top contender among other ERC funding companies and put it on our list of the best ERC companies.
We spend hours researching and evaluating each ERC company that we review at Merchant Maverick, placing special emphasis on key characteristics to generate our service provider ratings.
When rating ERC companies, we use a 22-point rubric that looks at fees, features, refund process and timeline, customer service, and user reviews. We weigh each section differently to calculate the total star rating.
Each section is further broken down into granular, weighted subsections, in which we look at specific attributes, like whether reduced fees are available for upfront payments, the availability of ERC loans and advances, audit protection, and no-cost ERC consultations.
Learn more about how we rate ERC providers.
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The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.
Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
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