Though we're a few months off from having finalized IRS forms for tax year 2012, it's a
good idea to start thinking now about how your financial obligation for this year is
shaping up. Barring any legislation that affects them, here are five business tax credits
(not deductions) that you may want to explore.
The Small Business Health Care Tax Credit for Small Employers
As a part of the Affordable Care Act of 2010, this credit has been available since the
2010 tax year to businesses that:
1. Have fewer than 25 full-time equivalent employees (FTEs)
2. Pay average wages of less than $50,000/year
3. Contribute at least 50 percent of the cost of single (not family) health care
coverage for all employees. [MORE] . . .