Groups Up with Barstool Sports activities to Educate Small Enterprise Homeowners
IRVINE, Calif., Feb. 01, 2023 (GLOBE NEWSWIRE) — Omega Accounting Options, an accounting and knowledge agency that empowers small companies to make knowledgeable choices via highly effective accounting, has been a pacesetter in serving to small companies acquire their Worker Retention Credit score (ERC). With restricted time obtainable to file for the ERC (as much as $26k per worker), Omega has revamped its public consciousness efforts to succeed in as many small enterprise homeowners as doable impacted by Covid-19. They turned to Barstool Sports activities, one of the influential way of life and sports activities media firms in America. By partnering with Barstool, Omega hopes to succeed in a brand new viewers of small enterprise homeowners and unfold consciousness round the advantages of the ERC program.
“When the pandemic hit, Barstool Sports activities took a stand for small companies, making a monumental influence,” stated Jay Woods, Founder and President of Omega Accounting Options. “As a small enterprise champion, we’re on a mission to assist homeowners throughout America qualify for this beneficiant tax credit score and aligning with Barstool Sports activities offers us an enormous megaphone to do precisely that.”
Omega shall be operating unique stay advert reads via marquee integrations throughout dozens of Barstools’ programming, together with One Chunk Pizza and Sundae Conversations, and tent-pole occasions together with Arizona Bowl and activations main as much as skilled soccer’s largest sport together with The Dozen Stay, Saguaro Scramble, and Mini Golf Open and extra.
“Barstool Sports activities is aware of that small companies are the spine of our communities and that the pandemic continues to create ripples that put lots of these companies in danger,” stated Erika Ayers, CEO Barstool Sports activities. “Our partnership will amplify Omega Accounting Options’ efforts to coach and assist small companies entry the Worker Retention Credit score.”
The ERC is a robust tax credit score handed in the course of the pandemic by the federal authorities to assist small- and mid-sized companies. It offers certified companies with a tax refund on earlier overpayment of taxes in the course of the disaster, permitting them to reinvest of their enterprise, pay workers and maintain their doorways open.
“The ERC tax credit score is thrice the dimensions of the $800 billion PPP fund or roughly $2.4 trillion,” stated Woods. “And whereas billions of {dollars} in unclaimed assist remains to be obtainable, many enterprise homeowners are misinformed and have no idea how you can qualify. At Omega, we consider it’s our obligation to assist them.”
After the worst of the pandemic, America’s small companies nonetheless face labor shortages, skyrocketing prices and threats of a possible recession. A brand new survey commissioned by Omega reveals that small enterprise homeowners and decision-makers stay gravely misinformed and lack info about their capacity to qualify or assets to deal with the submitting.
Survey outcomes discovered that 81% of small companies felt that they had been at a drawback with out satisfactory accounting or monetary course, whereas 31% of respondents stated the tax or monetary consultants that they sometimes depend on for his or her tax wants haven’t been in a position to present sufficient correct ERC steerage. Omega analysts consider these findings point out that small companies are sometimes underserved in terms of tax credit.
ABOUT OMEGA ACCOUNTING SOLUTIONS
Omega Accounting Options is an accounting and knowledge agency that empowers small companies to make knowledgeable choices via highly effective accounting, superior analytics and tax credit score experience. The Irvine, Calif., agency based by Jay Woods in 2007 works with CFOs, controllers, accountants and software program builders to gather, combine, analyze and current important knowledge that permit for wholesome company operation and progress. Omega’s tax credit score division has specifically educated groups to assist companies declare the Worker Retention Credit score (ERC) and Analysis & Growth tax credit score. In 2022, Omega launched a brand new funding division, Omega Funding Options (OFS), a third-party lender providing short-term bridge loans to these organizations anticipating ERC refunds. For additional info, go to omega-accounting.com.
