K&A Accountancy launched a service Monday to help millions of small businesses take advantage of an Affordable Care Act health insurance tax credit that can be worth up to $50,000 per year.
Relatively few small businesses are taking advantage of the tax credit. According to the Government Accountability Office, only 170,300 small employers claimed the Small Employer Health Insurance Tax Credit in tax year 2010, out of potentially up to 4 million eligible organizations.
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