Small business owners wear the many hats of their operations from HR to CEO to foreman to all aspects of whatever it takes to keep the business afloat. Accounting is another hat they often wear, and a new survey from Omega Accounting Solutions shows that 63% of business leaders and decision makers feel their business lacks resources or needs help handling Employee Retention Tax Credit (ERC) tax credits.
"There are millions of unclaimed dollars available, and nearly any business impacted by the pandemic is eligible to claim their credit," says Jay Woods, founder and president of Omega Accounting Solutions. "Employers worked hard to stay afloat during the pandemic. They simply didn't have the bandwidth to manage constantly shifting business environments; learn and adhere to local, state, and federal regulations; and discover the ins and outs of the ERC to see if they were eligible."
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