Announcement

Collapse
No announcement yet.

What Does Fte Mean?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    What Does Fte Mean?

    What does FTE mean?

    Small Business Health Care Tax Credit

    Effective with tax years beginning in 2010, small employers that
    provide health care coverage to their employees and that meet
    certain requirements generally are eligible for a federal income
    tax credit for health insurance premiums they pay for certain
    employees.

    Qualified employer. In order to be a qualified employer:

    1) The employer must have fewer than 25 full-time equivalent
    employees (FTEs) for the tax year,

    2) The average annual wages of its employees for the year must
    be less than $50,000 per FTE, and

    3) The employer must pay the premiums under a qualifying
    arrangement.

    Calculation of the credit. Only premiums paid by the employer
    under a qualifying arrangement are counted in calculating the
    credit. Under a qualifying arrangement, the employer pays premiums for each employee enrolled in health care coverage offered by the employer in an amount equal to a uniform percentage (not less than 50%) of the premium cost of the coverage.

    If an employer pays only a portion of the premiums for the coverage provided to employees under the arrangement (with employees paying the rest), the amount of premiums counted in calculating the credit is only the portion paid by the employer
    This post is for discussion purposes only and should be verified with other sources before actual use.

    Many times I post additional info on the post, Click on "message board" for updated content.

    #2
    full-time equivalent employees = More than 1 part time can equate to a full time.

    So you can have 40 part time employees and still qualify if they are = to 20 full time employees. Something to that effect.
    http://www.viagrabelgiquefr.com/

    Comment


      #3
      TTB Understanding Health Care Reform is a good in depth explanation of the Health Care Reform.

      I'd go into more detail but I need to run watch my Pack attack da Bears!!!!

      Wouldn't a Packer/Jet playoff be so fitting w/out Favre!?!
      http://www.viagrabelgiquefr.com/

      Comment


        #4
        Originally posted by Jesse View Post
        full-time equivalent employees = More than 1 part time can equate to a full time.

        So you can have 40 part time employees and still qualify if they are = to 20 full time employees. Something to that effect.
        Thanks, I never heard that term before. O well............
        This post is for discussion purposes only and should be verified with other sources before actual use.

        Many times I post additional info on the post, Click on "message board" for updated content.

        Comment


          #5
          Da Bears!

          But, my husband with the TV on tells me my Bears are not doing well...

          Comment


            #6
            Go Pack

            ......................

            Comment


              #7
              In the instructions

              for the form for the health care credit there are several worksheets you have to do in order to figure the credit. One of them is figuring the FTE. It takes a lot of time to figure this for an employer.
              AJ, EA

              Comment


                #8
                I have one

                and yes it appears to be multiple calculations to arrive at

                and then the preliminary is that he won't receive the full credit, as the employees are not full 40 hours, they are around 30 hours - just barely enough to qualify for the group insurance

                and this client will "squeak" about my fee

                however, the client is on the edge of staying in business, so I guess I have to do what I have to do to try to obtain all tax credits affordable to him.

                Sandy

                Comment

                Working...
                X