Important change to the small business health insurance tax credit!

IMO Healthcare Changesn accordance with changes to the healthcare law, the Affordable Care Act (ACA), beginning with the 2014 tax year small business employers will be unable to take a credit for employee’s health insurance unless the policies were purchased through the Small Business Health Options Programs (SHOP) Marketplace. However, if employers do purchase their employee’s health insurance through SHOP, the credit has increased from the previous amount of 35% up to a maximum of 50% of premiums paid.

If you have any questions or concerns about the ACA, please call our office at 314-993-4285 or e-mail us at office@hkaglobal.com.

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