How to Save Money With the Small Business Health-Care Tax Credit Accountant Mark Kohler explains the three rules for how to maximize this credit.

By Mark J. Kohler

entrepreneur daily

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Not sure how to navigate the new tax rules regarding health care? Attorney and CPA Mark Kohler says you might want to take advantage of what's called the Small Business Health Care Tax Credit. Here, Kohler offers three important rules for maximizing your savings with this credit:

1. It is only available to business owners who have 25 or fewer full-time employees.
2. The average wage base for all of your full-time employees must be $50,000 or less.
3. Employers must cover at least 50 percent of employee health insurance premiums.

Mark J. Kohler

Entrepreneur Leadership Network® VIP

Author, Attorney and CPA

Mark J. Kohler is a CPA, attorney, co-host of the podcasts Main Street Business and Directed IRA Podcast and a senior partner at both the law firm KKOS Lawyers and the accounting firm K&E CPAs. He is also a co-founder of Directed IRA Trust Company. He is the author of The Tax and Legal Playbook, 2nd Edition and The Business Owner's Guide to Financial Freedom.

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