Small Business Health Care Credit

Written by Reed Tinsley | March 26, 2014

 

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 the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

Have questions? I’m here to help.

Categories
Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement Uncategorized