Program Updates

SHOP Offers Options for Reducing Tax Liabilities, Penalties

For many small businesses in Arkansas, there is a new option for lowering their tax liability while at the same time offering employees a critical benefit. Qualifying small businesses may receive a tax credit by offering and contributing to health ...

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Time to SHOP: State’s Small Business Health Insurance Exchange Offers Options for Reducing Tax Liabilities, Penalties

With tax season in full swing, saving money is on everyone’s mind. While allowing businesses to provide a critical benefit to their employees, Arkansas SHOP can also provide tax credits to qualifying businesses. Mike Castleberry, AHIM Board Chairman, explains that businesses who enroll by the 15th of the month have coverage starting on the 1st of the following month, and each month covered qualifies the business for potential tax credits for 2016. For Arkansas small businesses that want to offer affordable health insurance to their employees, Arkansas SHOP has made that a feasible reality.

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