Did you know that the ACA (Affordable Care Act) provides a tax credit to eligible small businesses that make contributions toward health insurance for their employees? It’s true. For many small employers, these tax credits can make it much more affordable to offer their staff members health coverage.
But claiming these tax credits can be incredibly complicated, as different small businesses are eligible for tax credits depending on number of employees, amount of their average annual full-time equivalent wage, and other factors. If you think your small company may be eligible, make sure you consult with a qualified tax professional to ensure accurate calculation of this tax credit.
Taxation Solutions, Inc. specializes in tax help to aid taxpayers in avoiding problems and assistance cleaning up the mess when tax issues arise. We’re well versed in the minutia of how the ACA affects individual and business taxes, and we’re available to help Virginia Beach-area companies sort out the details when it comes to the health coverage tax credit for small employers.
Don’t try to go it alone when wading through the complicated eligibility requirements and calculations for claiming a credit on ESE contributions for employee health insurance. Call on Taxation Solutions, Inc. for the answers you need and the expertise you deserve.