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- News Flash! HRSPI Acquired. -

HR Solutions Partners, Inc. (HRSPI) is pleased to announce that HRSPI has recently been acquired by experienced Silicon Valley professionals.

The new owners recognize the value of the business and will maintain the existing HRSPI brand and service offerings. I have committed to serving as a member of the Advisory Board to assist in the transition and provide guidance and advice in 2021.

I am confident the new leadership will be able to bring not only the best and brightest HR talent to their clients but also to support their service offerings with state-of-the-art technology.

You can look forward to more details in the New Year!

Donna DeGrande, CEO
HR Solutions Partners, Inc.

News Item (Archives)

Understanding the Small Business Health Care Tax Credit

Tax takeaways

The Small Business Health Care Tax Credit is designed to encourage small businesses and small tax-exempt employers to offer health insurance coverage to their employees. In general, an employer may be eligible for the credit for tax year 2016 if it:

  • Had fewer than 25 full-time equivalent employees
  • Paid an average wage of less than $52,000 a year
  • Paid at least half of employee health insurance premiums
  • Paid premiums on behalf of employees enrolled in a qualified health plan offered through the Small Business Health Options Program (SHOP) Marketplace or Covered California

Key Facts

Employers seeking to claim the credit should know the following key facts:

  • The maximum credit is 50% of premiums paid for small business employers and 35% of premiums paid for small tax-exempt employers.
  • Small employers may claim the credit for no more than two consecutive taxable years, beginning in tax year 2014.
  • Eligible small employers (other than those that are tax-exempt) may claim the credit on their annual income tax returns, with an attached Form 8941, Credit for Small Employer Health Insurance Premiums, showing the calculation of the credit.

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Harrassment Prevention

HRSPI offers comprehensive, interactive, AB 1825 and SB 1343 compliant training. Programs include introduction to recent anti-bullying legislation.

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