Bookkeeping News & Tips

Did You Know the Small Business Health Care Tax Credit is Increasing?


For the past 3 years —2010 to 2013— the maximum credit for small business employers has been 35% and 25% for small tax-exempt employers such as charities. However, in Jan 2014 an enhanced version of the credit will take effect. Small business employer’s maximum credit will be 50% and small tax-exempt employer’s maximum credit will be 35%. [More]

Affordable Care Act- Employer Mandate Delayed Until 2015


On July 2, 2013, the White House announced a delay in the employer mandate under the Affordable Care Act, which requires employers to provide health insurance coverage to their employees or pay a penalty until 2015.The Obama Administration said it was postponing the provision after hearing significant concerns from employers about the challenges of implementing it. [More]

Small Business Lending in the U.S. Decreased in 2012


Understanding how small businesses are financed is important, since small firms are major contributors to the economy. Even five years after the financial crisis and economic downturn, overall lending conditions have improved for businesses, but improvement has been slower for small firms.This information derived from research by the Small Business Administration’s Office of Advocacy. [More]