Veterinary practice owners may earn new tax break

ADVERTISEMENT

Veterinary practice owners may earn new tax break

Find out whether you qualify for the IRS' new Small Business Health Care Tax Credit.
source-image
Jun 11, 2010
By dvm360.com staff

Small businesses throughout the country are receiving postcards from the Internal Revenue Service (IRS) talking up a new tax credit to help employers pay for healthcare.

The Small Business Health Care Tax Credit could pay up to 35 percent of the healthcare premium costs you pay for employees. In 2014, that rate jumps to 50 percent.

To qualify, you must pay at least 50 percent of your employees' premiums. The credit phases out gradually for businesses with employees whose average wages are between $25,000 and $50,000 and for businesses with 10 to 25 full-time-equivalent workers.

To find out more, check with your accountant or tax preparer or visit the IRS online.

Hot topics on dvm360

Follow dvm360 on Twitter, Facebook, and Pinterest

For quick updates and to touch base with the editors of dvm360, Veterinary Economics, Veterinary Medicine, and Firstline, and check us out on Twitter, Facebook, and Pinterest.

Sell veterinary clients on your service

But you don't have to have butler-style service to win new clients and keep existing clients happy.

Why veterinarians should be more like a Louisiana shoeshiner

If my veterinary clients feel half as good as I did after visiting the 'Michael Jordan of shoeshines,' I'll be thrilled.

Texts from your veterinary clinic cat

If your clinic cat had a cell phone and opposable thumbs, what would he or she text you?

Learning goodbye: Veterinarians fill a void by focusing on end of life care

Veterinarians dedicating their careers to hospice and euthansia medicine may be pioneering the profession's next specialty—at clients' request.