What if I told you, your painting business could improve employee loyalty and save thousands of dollars on taxes with one action? Sounds like a crazy idea, right? Well, I’m here to tell you it is possible by claiming the Small Employer Health Insurance Tax Credit.
Is your painting business leaving money on the table? Probably. Many painting companies fail to take advantage of some IRS business tax credits available to them. Many painting companies qualify for the small employer health insurance premium tax credit, small employer pension plan startup cost tax credit, and the work opportunity tax credit.