‘4 Tax Code Changes Small-Business Owners Should Know About’ – ‘Entrepreneur’ Blog
Mike D’avolio says, “Taxes are the number-one issue facing small businesses, according to December’s Small Business Optimism survey. As we’re now in tax season, small-business owners face the additional headache of understanding how new changes to the tax code affect their businesses.
To relieve that burden, here are some of the key changes every small-business owner should know, along with a few key tax breaks, credits and deductions. Check out the list below to make sure you’re up to date on the latest:
1. Claim small business health care credit
While certain provisions of the Affordable Care Act don’t take effect until 2015, small businesses — including tax-exempt employers — that offer health insurance (Form 8941) to employees could qualify for a tax credit to help with the cost of providing coverage for low- and moderate-income workers“.
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