{"id":633,"date":"2011-02-01T08:05:09","date_gmt":"2011-02-01T15:05:09","guid":{"rendered":"http:\/\/fremontbusinesspark.com\/blog\/?p=633"},"modified":"2011-02-01T08:05:09","modified_gmt":"2011-02-01T15:05:09","slug":"team-member-blog-small-business-health-care-tax-credit","status":"publish","type":"post","link":"http:\/\/fremontbusinesspark.com\/blog\/2011\/02\/team-member-blog-small-business-health-care-tax-credit\/","title":{"rendered":"TEAM Member Blog: Small Business Health Care Tax Credit"},"content":{"rendered":"<h3>This is a <em>TEAM<\/em> Member blog. If you&#8217;d like to contribute, contact <a href=\"mailto:lee@borelli.com\">Lee Jatta<\/a> to find out how.<\/h3>\n<table width=\"100%\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"100%\">\n<table width=\"100%\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr valign=\"top\">\n<td bgcolor=\"#ffffff\" width=\"400\">\n<table id=\"content_LETTER.BLOCK4\" width=\"100%\" border=\"0\" cellspacing=\"0\" cellpadding=\"5\">\n<tbody>\n<tr>\n<td align=\"left\">\n<div>\n<div>\n<div><span>Health coverage legislation enacted this year includes a Small Business Health Care Tax Credit to help small businesses\u00a0and small tax-exempt organizations afford the cost of covering their workers.\u00a0 This newletter is to provide you with resources to determine eligibiltiy and more\u00a0information on how the Tax Credit may help small employers provide health insurance coverage.<\/span><\/div>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"200\">\n<table width=\"100%\" border=\"0\" cellspacing=\"0\" cellpadding=\"5\" bgcolor=\"#e5e7e9\">\n<tbody>\n<tr>\n<td align=\"left\" bgcolor=\"#cbcfd3\"><span style=\"font-family: Arial Narrow,Arial MT Condensed Light,sans-serif; color: #ffffff; font-size: small;\"><em>IN THIS ISSUE<\/em><\/span><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><span style=\"font-family: Arial,Helvetica,sans-serif; color: #000000; font-size: xx-small;\"><a title=\"blocked::#LETTER.BLOCK9\" href=\"\/\/159-000000009523DDB7EF3EC243A829334859147787241E2D00\/#LETTER.BLOCK9\"><span style=\"font-family: Arial,Helvetica,sans-serif; color: #000000; font-size: xx-small;\">Eligibility Rules<\/span><\/a><\/span><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><span style=\"font-family: Arial,Helvetica,sans-serif; color: #000000; font-size: xx-small;\"><a title=\"blocked::#LETTER.BLOCK10\" href=\"\/\/159-000000009523DDB7EF3EC243A829334859147787241E2D00\/#LETTER.BLOCK10\"><span style=\"font-family: Arial,Helvetica,sans-serif; color: #000000; font-size: xx-small;\">Amount of Credit<\/span><\/a><\/span><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><span style=\"font-family: Arial,Helvetica,sans-serif; color: #000000; font-size: xx-small;\"><a title=\"blocked::#LETTER.BLOCK11\" href=\"\/\/159-000000009523DDB7EF3EC243A829334859147787241E2D00\/#LETTER.BLOCK11\"><span style=\"font-family: Arial,Helvetica,sans-serif; color: #000000; font-size: xx-small;\">Examples, FAQs, More Information&#8230;<\/span><\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" width=\"100%\">\n<table width=\"100%\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"100%\"><a name=\"LETTER.BLOCK9\"><\/a><a name=\"LETTER.BLOCK9\"><\/a><\/p>\n<table id=\"content_LETTER.BLOCK9\" width=\"100%\" border=\"0\" cellspacing=\"0\" cellpadding=\"5\">\n<tbody>\n<tr>\n<td align=\"left\" bgcolor=\"#900000\"><span style=\"font-family: Arial Narrow,Arial MT Condensed Light,sans-serif; color: #ffffff; font-size: large;\"><em>Eligibility Rules<\/em><\/span><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">\n<div>\n<ul>\n<li>\n<div><span><strong>Providing health care coverage.<\/strong> A qualifying employer must cover at least 50 percent of the cost of health care coverage for some of its workers based on the single rate.<\/span><\/div>\n<\/li>\n<li>\n<div><span><strong>Firm size.<\/strong> A qualifying employer must have less than the equivalent of 25 full-time workers (for example, an employer with fewer than 50 half-time workers may be eligible).<\/span><\/div>\n<\/li>\n<li>\n<div><span><strong>Average annual wage.<\/strong> A qualifying employer must pay average annual wages below $50,000.<\/span><\/div>\n<\/li>\n<li>\n<div><strong><span>Both taxable (for profit) and tax-exempt\u00a0firms qualify.<\/span><\/strong><\/div>\n<\/li>\n<\/ul>\n<div>\n<div><strong><span>Three\u00a0Simple Steps for Employers to Qualify<\/span><\/strong><\/div>\n<\/div>\n<p><span>To determine if your small business or tax exempt organization qualifies for the Small Business Health\u00a0Care Tax Credit, follow the <a title=\"blocked::http:\/\/r20.rs6.net\/tn.jsp?et=1103280847898&amp;s=0&amp;e=001JWsQc9f_37zHvUf-KEBtVCZlmLfb0DZuAVL1vvJIRd99laiY5BZIGBKlXt_H-zpyT5PkzhOXs1MEyC8c3_e-cIiotES8uxAFy6gU26DwN1oaJzj9kvfSx6Wv4Mrjda2DOIo58LTWRnsJbCI6gatYqQ==\" href=\"http:\/\/r20.rs6.net\/tn.jsp?et=1103280847898&amp;s=0&amp;e=001JWsQc9f_37zHvUf-KEBtVCZlmLfb0DZuAVL1vvJIRd99laiY5BZIGBKlXt_H-zpyT5PkzhOXs1MEyC8c3_e-cIiotES8uxAFy6gU26DwN1oaJzj9kvfSx6Wv4Mrjda2DOIo58LTWRnsJbCI6gatYqQ==\" target=\"_blank\">three simple steps on our fact sheet.<\/a><\/span><\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a name=\"LETTER.BLOCK10\"><\/a><a name=\"LETTER.BLOCK10\"><\/a><\/p>\n<table id=\"content_LETTER.BLOCK10\" width=\"100%\" border=\"0\" cellspacing=\"0\" cellpadding=\"5\">\n<tbody>\n<tr>\n<td align=\"left\" bgcolor=\"#cbcfd3\"><span style=\"font-family: Arial Narrow,Arial MT Condensed Light,sans-serif; color: #ffffff; font-size: large;\"><em>Amount of Credit<\/em><\/span><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">\n<ul>\n<li>\n<div><strong>Maximum Amount.<\/strong>\u00a0The credit is worth up to 35 percent of a small business&#8217; premium costs in 2010.\u00a0On Jan. 1, 2014, this rate increases to 50 percent (35 percent for tax-exempt employers).<\/div>\n<\/li>\n<li>\n<div><strong>Phase-out.<\/strong> The credit phases out gradually for firms with average wages between $25,000 and $50,000 and for firms with the equivalent of between 10 and 25 full-time workers.<\/div>\n<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a name=\"LETTER.BLOCK11\"><\/a><a name=\"LETTER.BLOCK11\"><\/a><\/p>\n<table id=\"content_LETTER.BLOCK11\" width=\"100%\" border=\"0\" cellspacing=\"0\" cellpadding=\"5\">\n<tbody>\n<tr>\n<td align=\"left\" bgcolor=\"#cbcfd3\"><span style=\"font-family: Arial Narrow,Arial MT Condensed Light,sans-serif; color: #ffffff; font-size: large;\"><em>Examples, FAQs, More Information&#8230;<\/em><\/span><\/td>\n<\/tr>\n<tr>\n<td align=\"left\">\n<div>\n<h3><span>Examples<\/span><\/h3>\n<p><span>Scenarios illustrate <\/span><span><a title=\"blocked::http:\/\/r20.rs6.net\/tn.jsp?et=1103280847898&amp;s=0&amp;e=001JWsQc9f_37zHvUf-KEBtVCZlmLfb0DZuAVL1vvJIRd99laiY5BZIGBKlXt_H-zpyT5PkzhOXs1MEyC8c3_e-cIiotES8uxAFy6gU26DwN1qm9swu0HL1ifPZjKQyzR7fooHr-5uD4Sycre6S3nAR4qa8OopWEZF8nK2Ml9LdYNUAJoSGuEo5aGaOVX9NtdyJtA2NTREIL4c=\" href=\"http:\/\/r20.rs6.net\/tn.jsp?et=1103280847898&amp;s=0&amp;e=001JWsQc9f_37zHvUf-KEBtVCZlmLfb0DZuAVL1vvJIRd99laiY5BZIGBKlXt_H-zpyT5PkzhOXs1MEyC8c3_e-cIiotES8uxAFy6gU26DwN1qm9swu0HL1ifPZjKQyzR7fooHr-5uD4Sycre6S3nAR4qa8OopWEZF8nK2Ml9LdYNUAJoSGuEo5aGaOVX9NtdyJtA2NTREIL4c=\" target=\"_blank\">how the credit applies to employers in different circumstances.<\/a><\/span><\/p>\n<div><strong><span>Questions and Answers<\/span><\/strong><\/div>\n<p><span>Need more detailed information? <\/span><span><a title=\"blocked::http:\/\/r20.rs6.net\/tn.jsp?et=1103280847898&amp;s=0&amp;e=001JWsQc9f_37zHvUf-KEBtVCZlmLfb0DZuAVL1vvJIRd99laiY5BZIGBKlXt_H-zpyT5PkzhOXs1MEyC8c3_e-cPNWUdaNzBHtdTqT7ftKgn_oQpQaQs5NGbAUEeRRJx2BT7bLlwXpSnhcWJIn5WxJG4svEbPWPqldEUVW9ibVOnI=\" href=\"http:\/\/r20.rs6.net\/tn.jsp?et=1103280847898&amp;s=0&amp;e=001JWsQc9f_37zHvUf-KEBtVCZlmLfb0DZuAVL1vvJIRd99laiY5BZIGBKlXt_H-zpyT5PkzhOXs1MEyC8c3_e-cPNWUdaNzBHtdTqT7ftKgn_oQpQaQs5NGbAUEeRRJx2BT7bLlwXpSnhcWJIn5WxJG4svEbPWPqldEUVW9ibVOnI=\" target=\"_blank\"><span>Click here for FAQ.<\/span><\/a><\/span><\/p>\n<div><strong><span>For More Information<\/span><\/strong><\/div>\n<p><span>News release <a title=\"blocked::http:\/\/r20.rs6.net\/tn.jsp?et=1103280847898&amp;s=0&amp;e=001JWsQc9f_37zHvUf-KEBtVCZlmLfb0DZuAVL1vvJIRd99laiY5BZIGBKlXt_H-zpyT5PkzhOXs1MEyC8c3_e-cPNWUdaNzBHtdTqT7ftKgn_oQpQaQs5NGbAUEeRRJx2BApIwVsChiR_ag0sgSRbHVbFAvEwfm2F_GH65aNlSu90=\" href=\"http:\/\/r20.rs6.net\/tn.jsp?et=1103280847898&amp;s=0&amp;e=001JWsQc9f_37zHvUf-KEBtVCZlmLfb0DZuAVL1vvJIRd99laiY5BZIGBKlXt_H-zpyT5PkzhOXs1MEyC8c3_e-cPNWUdaNzBHtdTqT7ftKgn_oQpQaQs5NGbAUEeRRJx2BApIwVsChiR_ag0sgSRbHVbFAvEwfm2F_GH65aNlSu90=\" target=\"_blank\">IR-2010-38<\/a>, New for 2010: Tax Credit Helps Small Employers Provide Health Insurance Coverage, gives a description of the credit and when and how to claim it.\u00a0\u00a0\u00a0<\/span><\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a name=\"LETTER.BLOCK11\"><\/a><a name=\"LETTER.BLOCK11\"><\/a><\/p>\n<table id=\"content_LETTER.BLOCK12\" width=\"100%\" border=\"0\" cellspacing=\"0\" cellpadding=\"5\" bgcolor=\"#ffffff\">\n<tbody>\n<tr>\n<td align=\"left\">\n<div><span>Please do not hesitate to contact our office if you have any questions or would like additional resources.<\/span><\/p>\n<div><\/div>\n<div>Sincerely,<\/div>\n<div><\/div>\n<p>Mark Parelius<br \/>\nParelius Insurance Services<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>This is a TEAM Member blog. If you&#8217;d like to contribute, contact Lee Jatta to find out how. Health coverage legislation enacted this year includes a Small Business Health Care Tax Credit to help small businesses\u00a0and small tax-exempt organizations afford the cost of covering their workers.\u00a0 This newletter is to provide you with resources to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-633","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-businesses","7":"entry"},"_links":{"self":[{"href":"http:\/\/fremontbusinesspark.com\/blog\/wp-json\/wp\/v2\/posts\/633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/fremontbusinesspark.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/fremontbusinesspark.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/fremontbusinesspark.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/fremontbusinesspark.com\/blog\/wp-json\/wp\/v2\/comments?post=633"}],"version-history":[{"count":0,"href":"http:\/\/fremontbusinesspark.com\/blog\/wp-json\/wp\/v2\/posts\/633\/revisions"}],"wp:attachment":[{"href":"http:\/\/fremontbusinesspark.com\/blog\/wp-json\/wp\/v2\/media?parent=633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/fremontbusinesspark.com\/blog\/wp-json\/wp\/v2\/categories?post=633"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/fremontbusinesspark.com\/blog\/wp-json\/wp\/v2\/tags?post=633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}