Small Business Technology News

H&R Block, Blue Cross And Blue Shield Of Kansas City Introduce Health Tax Credit Calculator

Written by Jenna Weiner
Published: 8/26/2010

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.

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The recently introduced 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

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