H&R Block, Blue Cross And Blue Shield Of Kansas City Introduce Health Tax Credit Calculator
Written by Ken Gaebler
New tool will help small businesses figure out how much they can save.
H&R Block and Blue Cross and Blue Shield of Kansas City are making news for small business owners by introducing a brand new tool to help entrepreneurs learn about tax credits from the healthcare legislation.
The recently introduced www.BlueKCtaxcredit.com will include a tax credit calculator and other tax information developed by the H&R Block Tax Institute. Specifically, it will help businesses find out the requirements needed to provide employees working full-time with coverage if the business has 50 or more workers.
It will also calculate the excise tax on high-cost health plans, meaning plans that cost more than $10,200 for individuals and $27,500 for a family.
"The tax credit website and tax calculator, developed by Blue Cross and Blue Shield of Kansas City and H&R Block, provide a simple, convenient way for small businesses to determine if they are eligible to receive a tax credit to help offset health insurance costs," said Mike Bukaty, president of Bukaty Companies, a Leawood, Kansas, employee benefits and insurance consulting firm.
The U.S. Small Business Adminsitration recently introduced a method of its own to help small businesses better understand the impacts of the healthcare reform. The SBA is directing people to resources available at Healthcare.gov.
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