10 Steps and 57 Pages to get Small Business Tax Credit Under the ACA / SHOP Program

SHOP Steps 3-2015

Last week, I attended a seminar regarding how to take clients through the Small Business Health Options Program.  Starting in 2015, employers could earn a potential tax credit, but would the credit would only be available if the employer and employees all purchased coverage through http://www.healthcare.gov

The speaker used 57 slides and 60 minutes to describe the 10 set process.  Approximately 300 agents were in attendance.  Given the small monetary return in the tax credits, and the amount of time expected to be required to follwo the 10 steps, the general consensus among those in attendance was that the return on investment would not be strong enough to merit the time required.

Prior to this year, small employers were able to apply for the tax credit with a simple tax form as they filed their federal taxes.


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