Dear Valued Clients,
We hope your year is off to a good start. We would like to take a moment to remind you that you may be eligible for the tax credit included in the health care reform law (the Patient Protection and Affordable Care Act) for small employers and tax-exempt organizations that provide health insurance coverage to their employees.
If your business paid employee health insurance premiums in 2010, and you have fewer than 25 full-time equivalent employees and pay wages averaging less than $50,000 per employee per year, you may be eligible to claim the credit on your 2010 tax return to be filed this year. Eligible small employers can qualify for a maximum credit of 35% of premiums paid in 2010 for businesses and 25% of premiums paid for tax-exempt organizations.
Please visit the IRS website (www.irs.gov) for more information and to find out if your small business qualifies for this credit.
Thank you.