Small Business Health Care Tax Credit to Help Small Businesses
A new Health Care Tax Credit will help small businesses and small tax-exempt organizations afford the cost of covering their employees. Our firm is extending an additional service to new and existing clients in determining eligibility for this credit. The eligibility rules include providing health care coverage, firm size, and average annual wage. The credit amount is worth up to 35% of a small business premium costs in 2010. The credit phases out eventually for firms with average wages between $25,000 and $50,000 and for firms with the equivalent of between 10 and 25 full-time workers. The first step of the process is to determine if the business is eligible. If so, the next step would be to apply. Businesses can apply through their annual report. For more information, contact our firm at (813) 514-8273.
Kevin D. Wrobel, CPA, PA is located in Tampa, Florida and is a proud member of the American Institute of Certified Public Accountants, the Florida Institute of Certified Public Accountants, the Greater Brandon Chamber of Commerce, and the University of South Florida Alumni Association.