You may not have taken the health insurance premium credit for your small business in past years. (It’s been available since 2010.) But you might want to consider taking it this year. For 2014, the credit increases from 35% to 50%. When you qualify, you can use the credit to offset your income tax liability by up to 50% of the cost of the health insurance premiums you pay for your employees.
For details on eligibility requirements, contact our office.