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Small Business Credit 2010 and Beyond
Presented by Gaines Kriner Elliott LLP


Overview

This session will offer tax information small employers (under 25 employees) will need to fulfill their responsibilities as an employer, and provide enough time to plan ahead.  Participants will see how the credit is maximized for employers with 10 or under employees, and becomes completely phased out by the time the business employs 25 employees.

Major changes in the new health reform legislation includes tax credits for small employers for tax years beginning after December 31, 2009, and provides eligible small employers a tax credit for providing health insurance for its employees.

 

Objectives

  • Definition of an employee applicable to this credit
  • Calculation of the credit and phase outs for your company
  • Practical examples to walk away with a concrete calculation of the credit
  • Planning opportunities to maximize the credit

 

Upcoming Schedule

There are currently no upcoming scheduled classes at this time.

Class Instructors

 

Cheryl A. Prout

Cheryl A. Prout, CPA is a partner at the certified public accounting firm of Gaines Kriner Elliott LLP (GKE).  Prout brings 15 years of public accounting experience to her position, and has been an associate with the firm for the past 12 years.  She has developed her expertise with companies in the manufacturing, service and real estate industries.

Cheryl's career in public accounting began after graduation from Canisius College in 1995, and she became an associate of GKE in 1998. 

Cheryl is the firm designated specialist in New York State Empire Zones, Renewal Communities, and Research and Development Tax Credits.

Prout also holds a significant amount of experience in tax and accounting issues related to flow-through entities such as limited liability companies and S corporations, and works closely with owners of these entities.  In addition, she frequently consults on cross-border issues involving Canadian owned companies doing business in the United States.

Cheryl has completed an Advanced Leadership Course curriculum, the Management Development Program at Canisius College, and the Graduate Tax Certification Program at the State University of New York at Buffalo's School of Management and Institute for Tax Studies.

Prout is a member of the American Institute of Certified Public Accountants, the New York State Society of Certified Public Accountants and serves as a Board of Director for the March of Dimes.

Cheryl A. Prout may be emailed at cprout@gkecpa.com.

 


Richard W. Wojciechowski

Richard W. Wojciechowski, CPA is a partner in our tax department with specialized expertise in tax and financial issues faced by high net worth individuals and the medical, legal, and professional services industries.  Rick has more than 30 years experience as an accountant and provides financial planning advice for our clients and counsels them on consolidations, mergers and implementation of tax strategies for closely-held businesses and their owners.

He has presented seminars on topics including tax law changes, tax planning, personal financial planning, and health care reform. He has been interviewed by publications for his tax and financial advice, and has represented tax matters before the Internal Revenue Service and the New York State Department of Taxation and Finance.

Rick is a member of the New York State Society of Certified Public Accountants (NYSSCPA), the American Institute of Certified Public Accountants (AICPA), and the CPA Associates International (CPAAI) - Tax Practice Expertise Section.

Wojciechowski is a graduate of Niagara University with a degree in business administration and accounting.

Richard Wojciechowski may be contacted at rwoj@gkecpa.com.

 


Continuing Education

 

Who Should Attend

Small business owners and controllers or those who are in charge of tax credit for their small business

Special Registration Information

 

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