14 April 2012 • Vol. 17, No. 4


Ribbon cuttings are conducted by a committee of Chamber volunteers called Ambassadors. Businesses qualify for a ribbon cutting if they open, move, and remodel, are under new ownership, change their name, or off er a new product or service. To schedule a ribbon cutting, please call Susie Kocourek at 223-5660 or email susiek@bismarckmandan.com


What Employers Need to Know About Claiming the Small Business Health Care Tax Credit


If you are a small employer with


fewer than 25 full-time equivalent em- ployees that earn an average wage of less than $50,000 a year and you pay at least half of employee health insurance premiums…then there is a tax credit that may put money in your pocket. The Small Business Health Care


Susie Q’s Craft Emporium Sue Hoff man in her new business lo-


cated at 411 W. Main in Mandan. Phone 400-0708.


Horace Mann Insurance- Kirby Johnson Kirby Johnson in his new location at 301 1st St. N.E., Mandan. Phone: 663- 6271


Tax Credit is speciically targeted to help small businesses and tax-exempt organizations. The credit can enable small businesses and small tax-exempt organizations to off er health insurance coverage for the irst time. It also helps those already off ering health insurance coverage to maintain the coverage they already have. Here is what small employers need


Leingang Chiropractic & Wellness Dr. Andrea Leingang in her new busi- ness located at 307 1st St. N.E, Mandan. Phone: 663-0488


Karen Lang Clinical Nutrition & Massage Therapy Karen Lang in her new business lo- cated at 307 1st St. N.E., Mandan.


to know so they don’t miss out on the credit for tax year 2011: Qualifying businesses calculate the small business health care credit on Form 8941, Credit for Small Employer Health Insurance Premiums, and claim it as part of the general business credit on Form 3800, General Business Credit, which they would include with their tax return. Tax-exempt organizations can use Form 8941 to calculate the credit and


then claim the credit on Form 990-T, Exempt Organization Business Income Tax Return, Line 44f. Businesses that couldn’t use the


credit in 2011 may be eligible to claim it in future years. Eligible small em- ployers can claim the credit for 2010 through 2013 and for two additional years beginning in 2014. For tax years 2010 to 2013, the maximum credit for eligible small busi- ness employers is 35 percent of premi- ums paid and for eligible tax-exempt employers the maximum credit is 25 percent of premiums paid. Beginning in 2014, the maximum credit will go up to 50 percent of qualifying premi- ums paid by eligible small business employers and 35 percent of qualifying premiums paid by eligible tax-exempt organizations. Additional information about eligi-


bility requirements and calculating the credit can be found on the Small Busi- ness Health Care Tax Credit for Small Employers page of IRS.gov.


Military Ovation Recognizes that Military Kids Rock


Lisa’s Gluten Free & More Lisa Helseth in her new business located at 211 W. Main in Mandan. Phone: 751-3959. Member


Traveling Trunk


Kristi Pleger in her new business located at 410 W. Main in Mandan. Phone: 333-8933.


Parents enter your child (ages 0-18)


Bismarck Sewing & Quilting Owner Joy Papke in her new business located at 1300 Skyline Boulevard in Bismarck. Phone: 258-5139


Northern Plains Capital Corporation President Glen Highley in his new business located at 1300 Skyline Bou- levard, Suite 104 in Bismarck. Phone: 258-1499. Member


into the Month of the Military Child contest and one random child will win a weekend in Bismarck to include two nights hotel, food and entertainment and this child will be the face of the 2013 Month of the Military Child cam- paign. All entries will receive a prize and recognition. To enter, send your child’s photo and a paragraph or two as to why your child is a great Military Kid to: NDMili- taryKids@gmail.com. Military Ovation will need the parent’s name/address/


military afiliation along with the child’s name and age. They will post the photos and stories on Facebook. com/militaryovation. Your entry gives the organization consent to post the photo and story of the child; however it will NOT use the last name or the city of the child in our posting or promo- tions. Open to all military and veteran’s families.


Entries will be accepted from March


10 through April 30, 2012 and the win- ner announced May 1, 2012 to kick off Military Appreciation Month.


Advanced Business Methods Branch Manager Duane Boeder in their new location at 4480 Coleman St. in Bismarck. Phone: 224-7072. Member


Your business name Contact Susie at 223-5660 to claim this space when you schedule your ribbon cutting.


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