Gather records for business credits

The small business health care credit reduces your business
tax bill by up to 35% of eligible premiums you pay for your
employees’ health insurance. The full credit is available when
you have ten or fewer workers who earn average annual wages
of $25,000 or less.

A law enacted in March offers two new benefits for hiring
unemployed workers. First, for 2010 you can claim a payroll tax
exemption from your share of the social security tax on wages
you pay to qualifying new hires through December 31. Second,
for 2011 you’ll be eligible for the new hire retention credit for
wages you pay to those qualifying employees who stay on the job
for 52 weeks. The maximum credit is $1,000.

Looking for info about taxes and your equine business? We’re ready to provide practical tax-saving suggestions, as well as updates on legislation that could affect you.

This entry was posted in Income taxes, News. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s