With the economy still in a slump, small business owners like me are doing everything we can to keep our costs down. A particularly troublesome cost for my business is health insurance.More about the health care reform tax credit here.
However, I recently learned there are tax credits in the new healthcare law specifically for small businesses that will help us pocket some extra cash.
In Michigan, 85.1 percent, or 126,300 small businesses were eligible for a credit in 2010; 39,600 small businesses qualified for the maximum tax credit that year.
Unfortunately, I saw a survey from Small Business Majority that said 57 percent of small business owners don't know about the credits. If more small employers took advantage of this opportunity to save money, there would be more cash circulating in our community.
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