Consultation & Recommendation – Whether you’re a small business offering employee health coverage for the first time or an established company looking to streamline its benefits, you’ll likely have some questions along the way. With more than 25 years of industry experience, we’ve helped businesses throughout California to find affordable benefits options in virtually every segment of the professional world. One way to ensure that you maximize the value of your employee benefits package is by staying compliant with current laws and regulations to avoid penalties and take advantage of available incentives. When you have questions about these topics, we’re always just a phone call or email away!
Small Business Tax Credit – The small business tax credit will not be available after 2016, so businesses that do qualify need to take advantage of it while they can. To receive the small business tax credit, your company must meet the following criteria:
Have less than 25 full-time equivalent employees (defined as averaging 30 hours or more per week)
Average earnings for these employees must be under $50,000 annually
Must pay 50% of premiums for employees in qualified health plans
The credit has not already been claimed for two consecutive years