3 Things You Should Know About Small Business: March 21
NEW YORK (TheStreet) -- What's happening in small business today?
1. Health care law uncertainty grips small businesses. Small-business owners are anxiously waiting for regulators to finalize rules that would finally shape the three-year-old Affordable Care Act. Several major pieces of the health care reform, such as the state-run exchanges, have yet to be implemented, while other rules have yet to be written, leaving companies in the dark about what will be required of them, despite enactment set for next year.
"Consequently, the picture remains anything but clear for small-business owners, some of whom have been warned that their premiums may spike and that their current coverage may fall short," according to The Washington Post.
In some cases, the unknown changes as a result of the health care law are hampering growth. For example, Jody Manor, owner of Bittersweet Catering, Café and Bakery in Old Town, Alexandria, is contemplating expansion, but with 45 employees already, a second location would make him subject to new minimum requirement rules by the law. Manor is waiting to see the price tag on the mandate before making a decision.
"These changes are less than a year away, and I still have no information about how much our premiums are going to cost," Manor told The Washington Post. "It definitely gives me pause when thinking about adding another location."
2. Helping small businesses hire better employees. Intuit
Guest speakers include author and "Apprentice" winner Bill Rancic and USA Today columnist and small business expert Rhonda Abrams.