As the New Year approached many small business owners were eagerly awaiting the Obama Care Act and the choices it would provide for them, as well as the savings they would obtain by shopping for health care for their employees thru the government marketplace. As the technical difficulties ensue, many small business owners were left with health insurance portals that were barely functioning, rendering them unable to even compare or shop for plans for their employees.
To read more about issues concerning small businesses, follow the links below.
Ohio small businesses stumble through the Affordable Care Act
Delays and complicated rules make the process difficult.
Small businesses around Ohio are struggling to sort out the details of the Affordable Care Act. It is unclear whether recent delays in the law help or add to the confusion.
The big Obamacare question for small employers is this: Am I required to provide health insurance to my employees or not?
“And that question is sort of like that underwear commercial: boxers, briefs, depends,” says Paul Tambe with BW Employee Benefits as he speaks to Dayton-area small business owners.
Rules of the game
And yes, it does depend. Here is the basic rule: Companies with less than 50 full-time employees are exempt. Companies with 50 or more need to provide health coverage for their full-timers or pay fines.
But the devil is in the details, and there are a lot of details. For example, full-time means an 30 hours or more per week, averaged over the month.
Kevin Finley with Space Management, a Dayton cleaning service, says his first challenge is just counting his employees.
“When you’re operating a business and someone’s off sick and you want someone else to cover, all of a sudden that person who normally works 20, 25 hours is working 40 hours,” Finley says. “So, you know, it’s a little dicey.
Kasich cabinet touts tax cut, other business-friendly changes
LIMA — While Gov. John Kasich signed the small-business tax cut into law in June, it is affecting people now, Ohio Tax Commissioner Joe Testa said Monday.
With tax season in full swing, small-business owners are seeing results in their pocketbooks of a 50 percent tax cut on the first $250,000 of Ohio net business income. That means if a small business owner earns $100,000 in net income, he is taxed only on $50,000
Testa and other representatives of state agencies spoke at a “Cutting Taxes and Growing Ohio Small Business” event Monday at Veterans Memorial Civic Center. The session was held jointly with Lima Rotary Club and Lima/Allen County Chamber of Commerce. Cabinet level directors are traveling the state talking about the small-business tax cut and other policies and programs to help small businesses.
Millions of Dollars in Contracts Available for Ohio Small Businesses
9th Annual Business Matchmaker provides Ohio small businesses networking opportunities
It’s where government and businesses come together, and it’s time for Ohio businesses to register. The Ohio Business Matchmaker runs from 12:30 p.m. on Tuesday, April 22, 2014 to 4:30 p.m. Wednesday, April 23, 2014 at the Hope Hotel, just outside the Wright Patterson Air Force Base in Dayton.
“This is a great opportunity for Ohio businesses to support and grow other Ohio businesses,” said David Goodman, director of the Ohio Development Services Agency. “Not only do we provide small businesses access to numerous buyers at once, we’re finding out what goods and services they provide in advance to connect them with the proper buyers.”
The purpose of the conference is to help Ohio small businesses get contracts. The Small Business Administration (SBA) and the Ohio Development Services Agency partner on this event to get small businesses in front of government buyers who need their products and services. The participating buyers represent city, county, state and federal agencies, as well as prime contractors and other organizations with combined purchasing budgets representing millions of dollars in opportunities
