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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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December 10, 2010
New IRS Form, Guidance for Small Business Health Care Tax Credit

The IRS released final guidance for small employers eligible to claim the new small business health care tax credit for the 2010 tax year. The guidance includes a one-page form and instructions to claim the credit.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

The new IRS Form 8941, Credit for Small Employer Health Insurance Premiums, and revised IRS Form 990-T are now available on IRS website. Instructions and Notice 2010-82–designed to help small employers correctly figure and claim the credit–are also available online.

Part of the Affordable Care Act (ACA), the credit is available to small employers that pay at least half of the premiums for single health insurance coverage for their employees. It is specifically targeted to help small businesses and tax-exempt organizations that primarily employ moderate- and lower-income workers.

Eligible small businesses will first use Form 8941 to figure the credit and then include the amount of the credit as part of the general business credit on its income tax return.

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Top 100 FLSA Overtime Q&As
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