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1. Healthcare Reform and How it will Affect You and Your Business Now for the hot topic – Everyone is concerned about how The Healthcare Reform legislation Will affect you. We are presenting the information as it stands today. But it will most certainly change….. Jon Chester President and Partner Sterling’s Bookkeeping & Tax Service Maximum Efficiencies • Maximum Gains

2. Healthcare Reform Credits for Small Business The recent health care reform legislation included a new health care tax credit for certain small businesses that provide health insurance to their employees. The credit is available to small companies and tax-exempt organizations for the years of 2010 - 2013. Companies with 25 or fewer full-time employees with an average wage of $50,000 or less, and the company pays a minimum of 50% of their employees coverage are eligible. The credit is phased out based on size and salaries of the company. Companies with 10 or fewer employees with an average wage of $25,000 will receive the highest credit of 35% of premiums paid. This credit increases to 50% in 2014. Note: The credit is claimed on the business tax return NOT the employment tax returns

3. If an owner of a business also provides services to it, does the owner count as an employee? Generally NO! A sole proprietor, a partner in a partnership, a shareholder owning more than two percent of an S corporation, and any owner of more than five percent of other businesses are not considered employees for purposes of the credit. However, it is advised you speak to your accountant. www.irs.gov/newsroom/article/0,,id=220839,00.html

4. 2010 – Healthcare Reform Indoor Tanning Businesses will have a new tax of 10% imposed as of July 1, 2010.

9. Americans without insurance would face an annual penalty, starting in 2014 at $95 and increasing in later years. Those without insurance in 2016, for example, would pay the greater of two alternatives: a flat fee of $695, or 2.5 percent of their adjusted gross income.

11. Questions and Conclusion This presentation is for informational purposes only and should not be taken as tax advice. For Questions about a tax issue please contact your CPA or contact us Sterling’s Tax and Bookkeeping 923 W. Glade Rd, Suite C Hurst, TX 76054 Tel: 214.330.4682 info1040@sterlingstax.com www.sterlingstax.com IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.