"Benefit Corp." law passes in Maryland

I've written a number of blog posts on B-Corporations. TriLibrium, the company I founded, is a certified B-Corporation and I believe, the only public accounting firm in the country that has achieved that designation.

Part of the B-Lab (The non-profit supporting the B Community) strategy was the goal to have the B-Corp designation recognized as a distinct legal entity just like C-Corps and S-Corps. Yesterday, Maryland became the first state to pass a law recognizing B-Corporations. You can read more about that in this article.

Wish I could write more but it is April 14th. Have you filed your taxes?

Small Business Tax Credits in the Health Bill

It is busy season at TriLibrium so I've had little time to blog. I'm excited to get back to regular postings after April 15th.

In the meantime, I'd like to at least link my readers to an article that highlights some of the eligible tax credits for small business and tax-exempt organizations in the Patient Protection and Affordable Care Act which was just signed into law.

The good news for 2010 is that eligible small business can get a tax credit up to 35 percent of the premiums paid by employers. Tax-exempt organizations are eligible for a 25 percent credit.

The maximum credits are for small employers (less than 25 full-time equivalents) paying average wages less than $50,000 per year. Reduced credits are still available for organizations outside these ranges.

You can find more details at WebCPA.