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Changes to Small Business Health Care Tax Credit

Blogged By: 
MBDA
Created on March 2, 2015
 

ACA Tax ProvisionsSmall employers should be aware of changes to the small business health care tax credit, a provision in the Affordable Care Act that gives a tax credit to eligible small employers who provide health care to their employees.

Beginning in 2014, there are changes to the tax credit that may affect your small business or tax-exempt organization:

  • Credit percentage increased from 35 percent to 50 percent of employer-paid premiums; for tax-exempt employers, the percentage increased from 25 percent to 35 percent.

  • Small employers may claim the credit for only two consecutive taxable years beginning in tax year 2014 and beyond.

  • For 2014, the credit is phased out beginning when average wages equal $25,400 and is fully phased out when average wages exceed $50,800. The average wage phase out is adjusted annually for inflation.

  • Generally, small employers are required to purchase a Qualified Health Plan from a Small Business Health Options Program Marketplace to be eligible to claim the credit.  Transition relief from this requirement is available to certain small employers.

DISCOVER GLOBAL MARKETS: The Americas

Blogged By: 
MBDA
Created on February 27, 2015
 

Discover Global Markets: The Americas

Join the U.S. Commercial Service and the Florida District Export Council for DISCOVER GLOBAL MARKETS: The Americas, the premier international business conference for U.S. executives. Come explore new market opportunities and learn effective strategies from senior U.S. Diplomats and business leaders in the region. Discover Global Markets: The Americas is the ONLY opportunity in 2015 to learn the latest business intelligence from across the Americas all in one location.

Explore the Markets

Discover opportunities for today, tomorrow and what challenges lie ahead in our dynamic hemisphere. Hear from panels featuring economists, industry professionals, trade experts, and U.S. Diplomats who will explore these and many other topics to help you to define your competitive strategy in the Americas.

Join U.S. Diplomats for one-on-one consultations available from the following countries:

Commerce Secretary Penny Pritzker Announces Twenty-Six States Achieved Record Export Levels in 2014

Blogged By: 
MBDA
Created on February 27, 2015
 

Export NumbersU.S. Secretary of Commerce Penny Pritzker today announced new data that shows 26 states achieved records in goods exports in 2014, while eight additional states experienced growth in merchandise exports over 2013 levels. Total merchandise exports from all 50 states helped the U.S. achieve the fifth consecutive record-setting year of goods and services exports, which reached $2.35 trillion in 2014.

Secretary Pritzker praised today’s announcement stressing the fact exports are critical to economic growth and job creation in communities across the country. “With 95 percent of the world’s consumers living outside the United States, opening more markets to ‘Made in America’ goods and services is fundamental to our nation’s competitiveness, job creation, and the economic security of our families,” she said.

Strengthening partnerships with states and rural communities in support of exporters and investment attraction efforts is a key objective for the second phase of President Obama’s National Export Initiative – NEI/NEXT, which Secretary Pritzker launched in May 2014. Through NEI/NEXT, 20 federal agencies are advancing program and policy improvements to provide exporters more tailored assistance and information; streamline export reporting requirements; expand access to export financing; ensure market access and a level playing field; and collaborate with state and local organizations.

Japan’s Energy and Nuclear Industries Webinar

Blogged By: 
MBDA
Created on February 26, 2015
 

Energy and Nuclear IndustriesRegister now to join us on March 10th at 4:30 pm Eastern Time for Japan’s Energy and Nuclear Industries Webinar. There is a $25 fee to register. Instructions for accessing the webinar will be sent to you after completing the registration process.

The U.S. Department of Commerce’s Global Asia Team is organizing a webinar to highlight upcoming U.S. business opportunities in Japan in the energy and nuclear industries. On May 21, 2015, at the 30th NOA Conference, the Commercial Service in Japan will organize a one-on-one business matchmaking event between U.S. firms and Japan’s electric power utilities and suppliers. On April 9-10, 2015, the U.S. Department of Commerce, with the support of the U.S. Department of Energy, is organizing the second Japan-United States Decommissioning and Remediation Fukushima Recovery Forum (“Fukushima Recovery Forum”).

Spotlight on Commerce: Joann J. Hill, Chief, Office of Business Development, Minority Business Development Agency

Blogged By: 
Joann J. Hill, Chief, MBDA Office of Business Development
Created on February 25, 2015
 

Joann J. HillI am a native of Columbia, South Carolina and a graduate of Benedict College with a BS in Business Administration. I also received a Masters of Business Administration from the Goizueta Business School at Emory University. After college, I began my career with the Federal Deposit Insurance Corporation (FDIC) in Atlanta, Georgia. In 2000, I joined the MBDA Atlanta Regional Office and have been with the Department of Commerce for 14 years.  I began my career with MBDA as a Business Development Specialist and was eventually promoted to Chief of Business Development for the Southeastern Region. My next promotion relocated me to the MBDA National Headquarters in Washington, DC in 2012 where I currently serve as Chief of the Office of Business Development. In this capacity I oversee the Office of Business Development and serve as the lead federal program officer for the nationwide network of MBDA’s 44 Business Centers.

I lead the effort within the agency to promote economic opportunities that expand the growth and competitiveness of minority business enterprises (MBEs) across America. I am responsible for the creation and implementation of strategies for business development in the areas of: access to capital, access to contracts; access to emerging domestic and international markets and global supply chains.  We also actively engage strategic stakeholders like national chambers of commerce and trade associations in collaboration on policy and programs. 

For three consecutive years, I have served as Conference Director for the National Minority Enterprise Development (MED) Week Conference, the nation’s largest federally sponsored conference on minority business enterprise. This conference is held annually in Washington, D.C. and attracts over 1,000 attendees. Traditionally, we have hosted officials from the White House, including the Vice President of the United States, the Secretary of Commerce, Cabinet Secretaries and a host of CEOs from MBEs and Fortune 500 firms.

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