The Franchise King®

How Will Health Care Reform Will Affect Small Business? Drea Breaks It All Down

Drea
(Drea Knufken)

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Drea Knufken, the senior editor over at the Business Pundit blog, is one sharp lady. She has just put together a thorough, and pretty easy to understand assessment of the new legislation just passed, that’s aimed at reforming health care in America.

From Business Pundit;

Starting this year, you can get a 35% tax credit if you have 10 or fewer employees, and they earn less than $25,000 on average.



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But…

You don’t get a tax credit if you have more than 25 employees. Also, any employee who earns more than $80,000/year will be excluded from your credit.


If you read those two new rules a couple of times, they’ll be easier to understand. Now remember, this new bill is a couple of thousand of pages thick. Let’s go to Drea’s post, and see if she was able to break things down a little better than our elected officials have been able to do, so far…



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For you franchise industry folks, here’s what we talked about in the fall, concerning this important bill.

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About the Author
The Franchise King®, Joel Libava, is a leading franchise expert, author of "Become a Franchise Owner!" and "The Definitive Guide to Franchise Research." Featured in outlets like The New York Times, CNBC, and Franchise Direct, Joel’s no-nonsense approach as a trusted Franchise Ownership Advisor helps aspiring franchisees make smart, informed decisions in their journey to franchise ownership. He owns and operates this franchise blog.

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I'm The Franchise King®, Joel Libava. For 25 years, I've helped thousands of people avoid bank account emptying mistakes.
I'm blunt, ethical, slightly sarcastic, and I'm not hard-sell.
That said, if you want to make a smart, informed decision on franchises to own, I can help you a lot. Note:
I'm NOT a commission-based franchise broker, consultant or coach.
See how I'm different.

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