Is your urgent care business center losing out on the Small Business Health Care Tax Credit? Not sure if you’re eligible?
The IRS has recently posted a quick Q & A to better explain the credit. According to the IRS.gov a qualified employer must have fewer than 25 full-time employees or a combination of full-time and part-time (for example, two half-time employees equal one employee for purposes of the credit); the average annual wages of employees must be less than $50,000, and the employer must pay at least half of the insurance premiums. The employer must also pay premiums under a qualifying arrangement. See the What expenses count question on the Calculating the Credit page.
Read more on who qualifies at www.irs.gov.