How the Research and Development Tax Credit Works The Research and Development Tax Credit is a federal tax...
Finance and Business Strategy Blog
Welcome to the Omega Accounting finance and business strategy blog, your go-to source for news, tips and insights on accounting, finance, and business strategy. Our blog helps financial professionals, accountants, executives and anyone looking to stay up-to-date with financial tax planning, accounting regulations and business news. Read the Omega Accounting blog to stay on top of your game.
1099 Form in 2023: Tax Reporting Requirements for Employers
What is a 1099 Form Used For? As a business owner or employer, understanding the purpose of the 1099 form...
IRS Clarifies Mandatory Capitalization and Amortization Of Research Expenditures
174 Amortization & The R&D Tax Credit On September 8, 2023, the IRS released Notice 2023-63...
How the Bonus Depreciation Phase-Out Affects 2023 Tax Planning
TCJA and Bonus Depreciation In 2017, the passage of the Tax Cuts and Jobs Act (TCJA) represented the...
Should You Withdraw Your ERC Claim? Here’s How to Tell
Business owners now have a convenient method to withdraw ERC claims that were filed improperly, but how do...
IRS Launches ERC Withdrawal Process to Help Mill Victims
WASHINGTON — The Internal Revenue Service has announced a new ERC withdrawal process to help businesses...
IRS Releases ERC Checklist: All You Need to Know
To protect business owners from making improper Employee Retention Credit (ERC) claims, the IRS released...
IRS Announces Temporary ERC Processing Pause
Officials at the Internal Revenue Service (IRS) announced today that the agency will temporarily pause the...
Omega Ranks 75th on Inc. Magazine’s 2023 Inc. 5000
Inc. recently revealed that Omega Accounting Solutions ranks No. 75 on the 2023 Inc. 5000, its annual list...








