Running a successful business requires staying on top of the business financially and operationally. Yet, outside influences can have a great impact on your bottom line. Take The Patient Protection and Affordable Care Act (ObamaCare) or The Jumpstart Our Business Startups Act (JOBS). The details can be overwhelming yet the impact significant. We hope you gain some insight into these two key pieces of legislation, And, as always, please call on us if there is anything we can do to assist you.

Tony and John

The Patient Protection and Affordable Care Act:
How does it affect Employees and Employers?

As most of you know, President Obama signed the Patient Protection and Affordable Care Act on March 23, 2010. This Act contains sweeping changes as to how healthcare is administered and paid for in this country. Regardless of your political views, it’s important to understand how certain provisions of the Act will affect you.

The Supreme Court rules
Shortly after the Act was passed, the National Federation of Independent Businesses filed a lawsuit, challenging the Act on constitutional grounds. Notably, the Act contains a mandate that all Americans purchase health insurance or face a financial penalty. On June 28, 2012, the Supreme Court affirmed the Act in its entirety and held that the financial penalty imposed on those without health insurance is the equivalent of a tax, and that Congress has broad powers to assess and collect taxes.

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Once you decide you want to sell your business, what’s next? If you’re like many, you start with an online search on “how to sell your business.” There you are bombarded with blogs, books and countless articles. Maybe you even buy some special software and go to a seminar taught by Industry “experts.”

Often, the main focus of such information sources is sale price, with an emphasis on financial concepts. However, one of most important topics that frequently gets overlooked is the value of your human resources. That’s right, your employees.

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What Does the JOBS Act Really Mean for Small Business?

The Jumpstart Our Business Startups Act (JOBS Act) is a new piece of legislation designed to increase the funding and growth of small businesses across the country by reducing the regulations imposed on such business owners by the Security Exchange Commission (SEC). Important provisions of the Act increase the amount of time for new public companies to comply with certain requirements, increase the number of shareholders they may have before “going public” and expand the types of investment funding available to them. In a rare Congressional display of cooperation stemming from the desire to improve the economy, the bill passed by a wide bipartisan majority in both the House and the Senate. After several amendments, President Obama signed it into law on April 5, 2012.

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Outside Perspective

[For more insight into the implementation of the JOBS Act,
click here.]