Will Paychex provide any assistance to clients who are eligible for the tax credit?
Paychex does not file business taxes. Clients should ask their tax preparer for help with calculating and filing for the credit. However, if the Paychex Insurance Agency handles the employees’ health insurance enrollment applications and changes, clients can receive a free Small Business Tax Credit Package to help assess their eligibility and file for the credit (available for tax year 2011). Additionally, the Paychex Insurance Agency Small Business Tax Credit Estimator allows employers to enter basic information about their employees and receive an estimate of the tax credit they would receive for the coverage they have or are looking to purchase.
