There is a lot of information flying around as to the effect the new Health care law (otherwise known as Obamacare, or Affordable Care Act) will have on small business.
I hear from small businesses everyday and many of them complain about the inability to obtain decent health insurance for themselves and their employees. Of course the majority of my clients fall in under the threshold of either 25, or 50 employees so my perspective may be different than those of the small businesses that have more than 50 employees.
For the most part, the new health care law (at least in appearance as that is all we can judge at this time) seems to be good for small businesses. It will allow them to get coverage through what is called SHOP or Small Business Health Options (I guess SBHOP didn't make sense), and there are tax credits (these are credits, not deductions) which allows small businesses to get some credit back for the premiums paid.
If you want more information you can go to www.sba.gov/healthcare, or click here for a nice summary of the healthcare law on small businesses.
Tom
www.RoanokeSmallBusiness.org
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