The calculation of a tax credit is fairly simple for employers with less than 10 full-time equivalent employees and average wages less than $25,000 per full-time equivalent, but businesses with more than 10 employees and average wages more than $25,000 can make the calculation tricky. The IRS provides a simple checklist to determine if you are eligible for the tax credit. Also, click here to view NSBA’s Northeast Ohio affiliate, the Council of Smaller Enterprises (COSE), small business tax credit calculator. Meanwhile, the IRS explains the tax credits further here. In addition, the IRS and Small Business Administration provide more examples here and here.

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