Victory State Bank: Business Owners Should Learn About The Affordable Care Act
STATEN ISLAND, N.Y. – Employee health and business health are two different things, but one can’t survive without the other.
This is why Victory State Bank urges small-business owners to familiarize themselves about the Affordable Care Act. The legislation helps small businesses and small tax-exempt organizations afford the cost of covering their employees.
If you have fewer than 25 employees and provide health insurance, you may qualify for a tax credit of up to 35% (up to 25% for non-profits) to offset the cost of your insurance. This credit will increase in 2014 to 50% (35% for non-profits). This will make the cost of providing insurance much lower.
Claim this tax credit for your small business at IRS.gov.
About Victory State Bank:
VSB Bancorp, Inc. (NASDAQ: VSBN) is the one-bank holding company for Victory State Bank. As Staten Island, N.Y.’s only community-based commercial bank, Victory State Bank operates five full-service locations on the Island: The main office in the community of Great Kills, and branches in the communities of West Brighton, St. George, Dongan Hills and Rosebank. For additional information, Victory State Bank may be reached at 718-979-1100 or visited online http://www.victorystatebank.com .