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Web.com Small Business Tip of the Day: Prepare for Obamacare
Health care reform

With the recent delay in the employer mandate for health care reform on the minds of small business owners, another study shows that the majority of business owners still aren’t sure how to prepare for the new regulations. In its SB Authority Market Sentiment Survey, Newtek Business Services The Small Business Authority® found that 52 percent of business owners do not know how to prepare for the upcoming healthcare reform changes. Of the rest, 24 percent plan to reduce benefits to employees, 13 percent plan to rebid their policy, and 11 percent plan to reduce business expenses overall. Although there are still many unanswered questions, The Small Business Authority recommends small business owners seek advice on how to apply for available tax credits and calculate the benefits of purchasing insurance or paying the fine, in the form of a tax, that may be required for an uninsured employee.


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