Small Employer Credit
When the Affordable Health Care Act was passed through Congress, congressional members began to recognize that universal health care may impose an unfair burden upon the millions of small businesses located in the United States. With that in mind, Congress suggested a tax credit for small businesses.

The tax credit is based upon both the number of full time equivalent employees and the average wage of full time employees. Please note, in order to qualify for the credit, employers must provide at least 50% of the cost of coverage for all enrolled full time equivalent employees. The credit is phased out for each of the following thesholds. If your business has average wages above $25,000, and/or full time equivalent employees over 10. The credit is completely eliminated for businesses that exceed the following thresholds. First, if average pay is over $50,000, the credit is not available. Second, if the business employs 25 or more full time equivilent employees the business is not covered.

Also please keep in mind there are certain definitions that must be covered, you may have a case where you employ 13-15 people, but only have 10 full time equivilent employees.

There is also a credit available for not-for-profit entities as well.
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Dalberg & Associates
Affordable Care Act
It is important to note the impacts of the Patient Protection and Affordable Care Act to individual taxpayers. Beginning in the 2014 tax year, most individual taxpayers will be required to obtain health insurance, either through their employer or independently on a health insurance exchange marketplace, or risk facing a tax penalty. In 2014 the penalty is either $95 per adult ($47.50 per child) or 1% of income, whichever is higher. The total of the minimum penalty amounts is capped at $285 per family, but there is no cap on the 1% of income penalty if it applies. In some situations, the amounts of these penalties will increase in 2015. If you do not have health insurance, it may make sense for to compare the amount of the potential penalties with the cost of obtaining coverage.
Individual 1040 Links. IRS 1040 Form, Individualincome tax return. United States individual tax return. IRS personal return. IRS individual income tax return. State of Michigan individual income tax. Michigan form 1040. City of Grand Rapids individual income tax. City of Grand Rapids form 1040. City of Walker individual income tax. City of Walker form 1040. Federal estimated payments. State of Michigan estimated payments. City of Grand Rapids MI Michigan estimated payments. Corporate income tax return, form 1120. Corporate income tax return. Michigan Business Tax Return. Annual Michigan corporate tax return. City of Grand Rapids MI corporate tax return. City of Walker MI corporate tax return. Federal Withholding Tables. State of Michigan withholding tables. IRS form 433-A. IRS form 433-B. IRS form 433-F. IRS form 656, offer in compromise. IRS form 5405, first time homebuyer credit
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Dalberg & Associates
815 Alger SE
Grand Rapids MI 49507
Tel: (616) 245-7941
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Important Tax Dates
Corporations: 4th Quarter Estimated Tax
December 15, 2014
Individuals: 4th Quarter Estimated Tax
January 15, 2015
Form 941 (4th Quarter)
January 31, 2015
Form W-2: Wage and Tax Statement (2014)
January 31, 2015