As discussed on the Blog on December 5, 2014, yet again, the Federal Government announced another delay in a compliance date for small businesses regarding The Patient Protection and Affordable Care Act. The Treasury received many requests to offer more time for small businesses to comply with the law and in an effort to work with the small businesses, compromises where made. "While about 96 percent of employers are not subject to the employer responsibility provision, for those employers that are, we will continue to make the compliance process simpler and easier to navigate," said Assistant Secretary for Tax Policy Mark J. Mazur toBloomberg.
Two recent Global small-business surveys, the Mid-Year Small Business Report Card and Year-End SMB Survey, both seem to have a clear theme for 2014 -- small business owners are going to be hiring. According to the research from the surveys, more than 77 percent of small businesses plan to staff up in 2014 by bringing on employees, paid interns or unpaid interns. It may have something to do with the fact that many entrepreneurs have made a New Year's Resolution to find better work-life balance.
The Obama Administration announced a year delay in HealthCare.gov's small business functions. The administration had previously delayed online enrollment from October 1, 2013 to the end of November. The announcement did not come as a surprise to many small businesses as they have already made other plans for insuring their workers in 2014, frequently achieved by renewing the existing policies.