My mission is to provide
high quality accounting,
consulting and tax services
to a select number of clients in a
personal, professional manner.
There’s a new credit designed to help small businesses cover the costs of providing health care insurance benefits to its employees. This credit, which went into effect January 1, 2010, is available to employers who pay at least 50% of the cost of single coverage for their employees.
The maximum credit is 35% of the premiums paid by eligible small businesses. A small business is defined as those who have ten or fewer full-time equivalent employees. The full credit is available to small businesses that pay an average wage of $25,000 or less. The credit is fully phased out for employers with more than 25 full-time equivalent employees, or if the average wage exceeds $50,000.
The calculation of this tax credit is cumbersome and not as straight forward as you would think. Let me know if I can assist in your planning.
One of the neat things about living here in Hendersonville is the opportunity for outdoor adventure. While I’ve lived here over thirty years, I’m still finding hikes that lead me to places that are unforgettable.
Recently, an old high school bud and I climbed to Sam’s Knob, a 6,000 foot peak that’s close to the Shining Rock Wilderness Area. What with a much cooler temperature at that altitude (70 degrees vs. 90!) and the 360 degree view, the summit was well worth reaching! And, as an added summertime bonus, ripe blueberries and blackberries along trailside tasted great! The trail to the summit was a little strenuous, but very doable.
To reach Sam’s Knob, park in the Shining Rock Wilderness Area parking area, off the Blue Ridge Parkway, and follow the signs.