New York City District Council of Carpenters Benefit Funds
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Fringe Benefit Group
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TPA Retirement Plan Consultant EPIC RPS (TPA/DPS)
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Great Lakes Pension Associates, Inc.
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Senior Specialist 401k Recordkeeping T Bank N.A.
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Greenline Wealth Management
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GAO Testimony: Limited Use of the Small Employer Health Tax Credit Continues Due to Multiple Reasons
U.S. Government Accountability Office [GAO] Mar. 22, 2016
19 pages. "The maximum amount of the credit does not appear to be a large enough incentive for employers to offer or maintain insurance. Also, few small employers qualify for the maximum credit amount.... GAO also found that the cost and complexity involved in claiming the tax credit was significant, deterring small employers from claiming it. Many small businesses have also reported that they were unaware of the credit.... Amending the eligibility requirements or increasing the amount of the credit may allow more businesses to claim the credit. However, these changes would increase its cost to the federal government." [GAO-16-491T, Mar. 22, 2016]
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