BR Health Network

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Clear Horizon Group, Ltd. is an unbiased and independent financial consulting firm. Being independent allows us to supply you and your company with the widest range of financial products and services available. For over 28 years Clear Horizon Group, Ltd. has been a trusted partner to our clients.

Before we discuss SHOP let's consider how the Affordable Care Act affects a small business. If your business has less than 50 employees you are classified as a small employer. As a small employer, you are not required to provide healthcare insurance. Research conducted by New York State, however, has found that a majority of small employers want to provide healthcare insurance for their employees and that the availability of choices is an important factor.

ESOPs have a number of significant tax benefits, such as the tax deduction for contributions of stock made by the company allowing it to get a current cash flow advantage by issuing new shares or treasury shares to the ESOP. Another tax benefit is achieved when a company contributes cash on a discretionary basis year-to-year, taking a tax deduction whether the contribution is used to buy shares from current owners or to build up a cash reserve in the ESOP for future use. Another tax benefit is derived when company contributions are used to repay a loan the ESOP takes out to buy company shares. The ESOP can borrow money to buy existing shares, new shares, or treasury shares. Regardless of the use, the contributions are deductible, meaning ESOP financing is done in pretax dollars.

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