ObamaCare and Business, part II
A provision in ObamaCare provides an average $2,700 tax credit to businesses with less than 25 employees and average salaries below $50,000. As many as four million companies are eligible for this reward for providing health insurance to their workforce. According to CPA Chris Wright, only 170,300 businesses have applied for the tax credit, possibly due to the complex, onerous documentation required. “It’s not intuitive. You could easily end up…