Health Care Options for Small Businesses
Author: Barbara Weltman
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Health care costs have been going up substantially over time. Fortunately, the tax law provides a number of incentives for small businesses to pay for, or at least assist in the payment of, health coverage for their employees. The incentives are deductions and tax credits, as well as exemption from payroll taxes for coverage treated as tax-free fringe benefits.
This course explains health care options for small businesses and the tax consequences that result.
Publication Date: April 2025
Designed For
Tax practitioners
Topics Covered
- Traditional health coverage
- Health reimbursement arrangements
- Health savings accounts
- Other matters
Learning Objectives
- Determine whether a business is subject to the employer mandate
- Explain the differences between the large group health market and the small group health market
- Identify the tax treatment of employer-paid premiums and reporting requirements
- Explain the different types of cafeteria plans
- Explain how Health Savings Accounts can be used
- Identify the different types of health reimbursement accounts
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
