Accounting and Tax Services
Mar 26

Small Business Health Care Credit

In a news release, the IRS recommended that small businesses determine whether they can take the small business health care tax credit. The IRS website has a page devoted to the small business health care tax credit. The website includes a tax credit estimator, helpful examples, and a section with frequently asked questions (FAQs). The website is located at:

www.irs.gov/uac/Small-Business-Health-Care-Tax-Credit-for-Small-Employers

The credit is currently available to eligible employers from 2010û2013 and for two additional years beginning in 2014. Employers that filed previously and later learn that they are eligible for the credit can amend their returns within the three-year statute of limitations to request a refund. News Release IR-2014-27.

About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →