The new health reform law gives a tax credit to certain small employers that provide health care coverage to their employees, effective with tax years beginning in 2010. Over several weeks, Vision Payroll will be providing further information on the Small Business Health Care Tax Credit. Today’s topic is Impact of the Small Business Health Care Tax Credit on Estimated Tax Payments.

The amount of the credit that will be allowed may be used in determining the amount of estimated tax payments that must be made in accordance with the rules for making such payments.

The next topic to be covered in this series is Impact of the Small Business Health Care Tax Credit on Deductions for Health Insurance Premiums. Contact Vision Payroll if you have further questions on Impact of the Small Business Health Care Tax Credit on Estimated Tax Payments.