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Questions?

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Small Business Health Care Tax Credit Calculator

This small business tax credit calculator is for illustrative purposes only and based on general guidelines included in the Patient Protection and Affordable Care Act. For more specific information and to learn how you can save more CONTACT US!

	Choose:	For Profit Business Tax Exempt Business	Please use the drop down boxes to indicate For Profit or Tax Exempt.
1	TOTAL ANNUAL WAGE HOURS		DO NOT count more than 2080 hours for any employee. Hours attributable to a sole proprietor, a partner in a partnership, a shareholder owning more than 2% of an S corporation and any owner of more than 5% of other business should NOT be included.
2	TOTAL ANNUAL WAGES PAID		Total wages paid during the tax year as defined for FICA purposes (without regard to the wage base limitation)
3	TOTAL ANNUAL ELIGIBLE PREMIUMS		Enter the amount your company contributed toward medical premium. EXCLUDE those amounts attributable to a sole proprietor, a partner in a partnership, a shareholder owning more than 2% of an S corporation and any owner of more than 5% of other business. You MUST contribute AT LEAST 50% toward the employee only premium.
ESTIMATED TAX CREDIT AMOUNT

Provided courtesy of R. Rosaaen of Albers & Company, Inc., UBA Member firm

Premium payment that counts for the purpose of the credit are capped by the premium payment the employer would have made under the same arrangment if the average premium for the small group market in the State in which the employer offers coverage were substituted for the actual premium

Did you know...
High levels of effective communication have a positive impact on employee turnover. According to Watson Wyatt, companies that communicate effectively are more likely to report turnover rates below those of their industry peers that communicate less effectively (33.3 % versus 51.6%, respectively.)