Updated:
Original:

MRAA: Take advantage of health care tax credit

Tax season is here again, but this year brings opportunities that haven't been available in the past, the Marine Retailers Association of America said in an advisory to its members.

"Even though MRAA remains strongly opposed to the new health care law, the newly enacted law does provide a tax credit for small businesses with fewer than 25 full-time employees and average wages of less than $50,000," the MRAA said. "According to the health care law, these small businesses will be eligible for a tax credit on their 2010 returns of up to 35 percent of their health insurance costs."

It is estimated that more than 4 million small businesses nationwide, or about 83 percent, are eligible to receive the tax credit for 2010 earnings.

The MRAA encourages boat dealers to work with tax professionals to verify that their businesses are eligible and can take advantage of the tax credit.

Related

Freedom Boat Club Acquires Conn. Franchise

With the acquisition of its franchise operation and territory in the Nutmeg State, the Brunswick subsidiary accelerates its Northeast brand expansion.

Sailing HOF Honors Inductees

In a ceremony in Newport, R.I., 11 sailors were honored as the Sailing Hall of Fame Class of 2021.

CSP Joins ‘Thirty by Thirty’ Coalition

The Center for Sportfishing Policy and 54 coalition members submitted recommendations for the Biden Administration’s America the Beautiful initiative.

Entries Open for Neptune Awards

The Marine Marketers of America is accepting submissions for its annual contest in 23 categories through Dec. 6.

CSP Joins ‘Thirty by Thirty’ Coalition

The Center for Sportfishing Policy and 54 coalition members submitted recommendations for the Biden Administration’s America the Beautiful initiative.

Take Action Now

We must take action to push Congress to reauthorize the Sport Fish Restoration and Boating Trust Fund. Here’s how you can help.

Southern Marinas Acquires Missouri Facility

Millstone Resort and Marina on Lake of the Ozarks is the fifth addition this year to the company’s portfolio.