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

(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;

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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.

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.

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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.