Important Health Care Tax Credit Info for Small Businesses

SBA PRESS OFFICE

10/27/10

Administrator Karen Mills of the U.S. Small Business Administration has written an open letter to small business owners across the United States explaining immediate benefits available to small businesses as part of the Affordable Care Act. 

  

Dear Small Business Owner,

For decades, access to affordable health insurance has been the number-one concern of small business owners.  To help you address that concern and provide quality, affordable coverage for your employees, the new Affordable Care Act gives you a number of new tools and benefits.

The most immediate benefit you should know about is the tax credit to help you pay for up to 35 percent of your employee premiums starting this tax year.  An estimated 4 million small businesses may qualify for these tax credits, totaling about $40 billion over the next 10 years.  Go here to learn more about the tax creditincluding new information that explains how this federal credit is in addition to state-level credits you might receive and how dental and vision coverage are also eligible for the federal credit.

The Affordable Care Act also included reporting requirements if you pay another business $600 or more starting with 2013 filings.  Small business groups have voiced concerns about the possible burden this places on people like you.  That’s why the IRS is already planning to exempt from this requirement your transactions that use credit and debit cards.  Also, the IRS, SBA and others in the Administration are looking for additional ways to minimize burdens and avoid duplicative reporting.  We welcome your comments and input as we move forward together to address implementation issues under the new law. 

Over the last 16 months, this Administration has taken steps to provide tax relief that put more money in the hands of small business owners like you – including write-offs for new equipment, credits for hiring unemployed workers and capital gains exclusions for small business investors. We know that sensible tax relief like this will help you grow your business, create new jobs, and continue drive America’s economic recovery.

With warm regards,

Karen Mills

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SBA’s National Small Business Week Forums To Address Small Business Concerns

SBA NEWS ADVISORY

Press Office

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Free Town Hall and Forums on Social Media, Exporting and Innovation Will Feature Leading Business Experts 

Release Date:  May 12, 2010  

WASHINGTON – The small business public is encouraged to take part in the National Small Business Week town hall forum and business forums addressing key small business concerns.  Participants will have an opportunity to exchange ideas and a dialogue on relevant issues for small businesses with leading business experts during National Small Business Week, May 23-25 in Washington, D.C.  The town hall and business forums at Small Business Week are free.

WHAT: SMALL BUSINESS FORUMS on issues that impact small business and the economy include:

Town Hall Meeting – Small Business: Driving America’s Economy Innovation Forum – Turning Innovation into Jobs Exporting Forum – Taking Your Business Global Social Media Forum – Join the Conversation

WHO: Town hall and forum moderators and speakers will include:

JJ Ramberg, MSNBC Host “Your Business” and Town Hall Moderator Sean Greene, SBA Innovation Special Adviser and Innovation Moderator Luz Hopewell, SBA International Trade and Exporting Moderator Brian Moran, Veracle Media and Social Media Moderator Dinesh Lathi, eBay North America Marketplace Stephen P. Zimba, Cbeyond Claire Johnson, Google Dale Hayes, UPS Angus Thomson, Intuit Grow Your Business Division Luther Lowe, Yelp Rieva Lesonsky, GrowBiz Media

WHEN:

May 24, 2010 – Mandarin Oriental Hotel and Conference Center

10:45 am – 12:00 pm Town Hall with SBA Administrator Karen G. Mills

2:00 pm –   3:15 pm     Innovation Forum

3:30 pm –   5:00 pm     Exporting Forum

Sponsors: eBay, Cbeyond and UPS

May 25, 2010 – Mandarin Oriental Hotel and Conference Center

10:30 am – 11:45 pm          Social Media Forum

Sponsor: Intuit

WHERE:      National Small Business Week at the Mandarin Oriental Hotel

1330 Maryland Ave., SW, Washington, D.C.

Visit www.NationalSmallBusinessWeek.com to register for forums, and for the full Small Business Week schedule.

* The town hall forum and business forums are free to attend

NOTE:  For participants unable to attend Small Business Week, the town hall and business forums will be webcast live online at http://www.NationalSmallBusinessWeek.com/.

Small Business Week 2010 sponsors and cosponsors include: Sam’s Club, Visa, Ford, ADP, Raytheon, Cbeyond, UPS,  Intuit, Google, eBay, AT&T, Northrop Grumman, Lockheed Martin, D&B,  Verio, ASBDC, NADCO, NAGGL, NASE, NSBA, WIPP and SCORE.

The U.S. Small Business Administration’s participation in this cosponsored activity does not constitute an express or implied endorsement of any cosponsor’s, donor’s, grantee’s, contractor’s or participant’s opinions, products, or services. All SBA programs and cosponsored programs are extended to the public on a nondiscriminatory basis. Reasonable arrangements for persons with disabilities will be made, if requested at least 2 weeks in advance, by contacting sbw@sba.gov. Cosponsorship Authorization #SBW2010

FREE Mobile Marketing Service Give-a-way Contest for Small Businesses

Strategic Growth Concepts Sponsoring 2nd Annual National Contest for Small Business Owners in support of U.S. Small Business Administration’s 57th Annual National Small Business Week Celebration

Small business owners across the U.S. have the opportunity to win 3 months of FREE Mobile Marketing Services for their business from Strategic Growth Concepts.  Strategic is sponsoring this 2nd annual national contest, as part of their efforts in support of the U.S. Small Business Administration’s upcoming National Small Business Week celebration.

Contest entrants have the opportunity to win the Grand Prize, 3 months of FREE Mobile Marketing  Service along with Marketing Consulting from Strategic, or one of five secondary prizes, 1 month of FREE Mobile Marketing Service and Marketing Consulting from Strategic. Entries can be submitted thru May 18, 2010, with winners being announced during National Small Business Week, May 23 – 29, 2010.

To learn how your firm can enter for a chance to win, click HERE to read complete details.