News (2421)
Small Changes to Affordable Care Act Benefit Small Business
Two new tweaks to Obamacare have passed the House of Representatives, reports the Washington Post. The changes will benefit small businesses under the Affordable Care Act. The first change approved by the legislation would let small businesses hire military veterans but not count them toward their company’s total under the Affordable Care Act.
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Government May Help Small Business in 2015
According to the Denver Post, in 2015 the Republican led Congress might just bring some help to small business in the form of new tax bills and legislation. In addition, the Small Business Administration is working on making it easier for small businesses to obtain funding.
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End of 2014 Brings Optimism
A survey by SurePayroll finds small business owners the most optimistic they’ve been in 2 years, reports Accounting Today. The December Optimism survey found 79 percent of respondents feeling optimistic about their business, which is a dramatic increase from 2012’s 55 percent.
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Small Business Optimism at All-Time High
According to Gallup.com, small business optimism is at its highest since 2008. Although, the overall index score rose to 58 in November that is still well below pre-recession levels.
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Small Business Healthcare Site Isn't Drawing Visitors
The improved small business side of Healthcare.gov drew 200,000 visitors in the first week, reports The Washington Post. The site which helps small businesses shop for insurance got a relatively small amount of visits compared to the 1.5 million visitors on the individual side of the website. The administration is not sure why small businesses are not interested in using the site.
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Small Business Saturday Grows
2014 Small Business Saturday numbers improved over 2013, reports American Express. 88 million shopper visited local businesses, a 15 percent increase over last year.
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New Jersey Small Business Employers Boost Pay
According to NorthJersey.com, local small businesses are boosting their wages in order to stay competitive. The job market is improving, along with the overall economy, so small businesses have to offer improved wages to attract talent.
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Small Business Load Stacking
Stacking, the practice of adding an unsecured loan on top of a loan or line of credit a business already has, is causing a stir in the small business lending community, reports Forbes. Lenders are concerned that the practice creates additional risk of default.
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Small Business Would Like Changes to SHOP Program
According to Bloomberg BNA, proposed tweaks to the Small Business Health Options Program (SHOP), a government program helps small businesses get healthcare for their employees, leave many small business owners wanting more. Business would like to see the exchange itself get an overhaul, things like the minimum participation rate prevents many employers from joining.
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New AICPA Advisory: Hire a Quality Auditor
The American Institute of CPAs’ (AICPA) Employee Benefit Plan Audit Quality Center (EBPAQC) has prepared a new advisory to provide plan sponsors, administrators and trustees with an understanding of the importance of hiring a quality auditor to perform employee benefit plan financial statement audits, as well as information to help select a quality auditor.
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