Hi – here is information that will be of interest to anyone who owns or operates a small business – it’s about a health care tax credit for small businesses, and it can save your small business money. This information is provided by the Redwood City San Mateo County Chamber of Commerce and the California Endowment.
Please take a look, and be sure to pass this along to others who may be interested.
Take Advantage of the Health Care Tax Credit
Up to 35% right now for small businesses!
Tax credits for small businesses are available right now to reduce the cost of insuring your employees. It’s easy. Save up to 35% on your premium costs. Learn more at www.co.sanmateo.ca.us/healthreform/smallbiz
Small Business Health Care Tax Credit
Your small business qualifies if:
1. You have fewer than 25 full time equivalent employees
2. You pay average annual wages below $50,000
3. You contribute at least 50% of each employee’s premium
If you qualify, file IRS Form 8941 – Credit for Small Employer Health Insurance Premiums – to claim your tax credit. Or, talk to your accountant.
Learn more about the Affordable Care Act. For information visit www.co.sanmateo.ca.us/healthreform/smallbiz. Insurance Options – your broker can help you find insurance options and programs that meet your needs.