The Franchise King®

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

Drea
(Drea Knufken)

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(This post may contain affiliate links. Please read my disclosure policy).

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.

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.

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franchise article written by joel libava
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joel libava

I'm The Franchise King®, Joel Libava. I help prospective franchise owners avoid bank account emptying mistakes.
For 23 years, I’ve been showing people how to make smart, informed decisions on franchises to buy, and I can help you, too!
P.S. I'm not a franchise consultant/broker.

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