The document summarizes small business tax considerations related to the Federal Health Care Reform and HIRE Acts. It provides details on the small business health insurance tax credit available from 2010-2013 for employers with fewer than 25 FTEs offering qualifying health insurance. It also outlines the payroll tax exemption and retention credit available to employers under the HIRE Act for hiring and retaining qualified workers.

1. Small Business Tax Considerations Under the Health Reform and HIRE Acts June 9, 2010 Presented by: Thomas J. Moul, CPA The analysis provided is not intended as or written for use by any taxpayer to avoid penalties. The analysis is not intended as legal advice. Taxpayers should seek advice based on their own particular circumstances from an independent tax advisor.

17. Examples of Credits . . Premiums $50,000 $50,000 $50,000 $50,000 FTEs 5 13 5 13 Average Wages $24,000 $24,000 $33,000 $33,000 Applicable % 35% 35% 35% 35% Initial Credit $17,500 $17,500 $17,500 $17,500 FTE Reduction 0% 20% 0% 20% Wage Reduction 0% 0% 32% 32% Credit Reduction $0 $3,500 $5,600 $9,100 Credit $17,500 $14,000 $11,900 $8,400