Small Business Tax Credit For Healthcare Now Available

As part of the Patient Protection and Affordable Care Act signed into law the President on March 23, 2010, small businesses now have reason to consider offering health insurance coverage for the first time or to continue maintaining existing coverage for their employees.

The tax credit specifically targets "eligible small employers," for purposes of the tax credit, an employer must:

• 
  
  An Employer must employ less than 25 full-time equivalent employees (FTEs) for a tax year;
• 
  
  Pay wages that average less than $50,000 per employee per year (for taxable years beginning in 2010 through 2013); and
• 
  
  The Employer must provide health care coverage under a "qualifying arrangement." 

Read More