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Good Coverage Options for Small Businesses Heading Into 2017

Concord Patch
Topics:
Healthcare

With the open enrollment period for health insurance rapidly approaching, many small business owners are probably starting to think about their plans for next year – and with lots of recent rumblings about the Affordable Care Act’s (ACA) success, some small business owners may be worried about their options. But for California’s small business owners, there’s actually plenty of good news about the ACA. As long as small business owners plan ahead, they shouldn’t encounter any big surprises heading into 2017.

Critics of the ACA have noted that coverage rates for plans purchased...

A BIG LOSS FOR SMALL BUSINESS

Crain's Chicago Business
Topics:
Access to Capital, Taxes

Your recent article “Small-biz centers closing because of state budget woes” (Sept. 6) notes that about a quarter of Illinois' small-business development centers around the state have closed recently because of the state's budget challenges.

Since the 1970s, Illinois small-business development centers have provided free consulting and low-cost training assistance for small businesses. The advice and resources that they provide—on issues like loans and business plans—is invaluable. These resources are particularly vital for women and minority small-business owners who face...

Repealing estate tax won’t level the playing field for small businesses

Hill Online, The
Topics:
General Small Business, Taxes

Everyone knows the statistics – small business owners create two-thirds of new jobs each year and employ more than half of the private sector workforce. And as small business owners, we can tell you firsthand that small companies provide room for innovation that larger companies don’t. These contributions to the American economy are invaluable, so it only makes sense that our tax policies should help – not hurt – our small businesses. Unfortunately, lawmakers too often focus on the wrong types of policies – like the estate tax, which marked its 100th anniversary last week. Lately we’ve...

Why small business owners support raising the minimum wage

Denver Post Online, The
Topics:
Minimum Wage

A new report showing an increase in Colorado’s minimum wage won’t in fact be a job killer came as no surprise. This research reinforces what many small business owners are saying — that an increase will stimulate our economy by putting more money in the pockets of consumers who will spend at local businesses.

I talk to small business owners all over the state, and many say they support a higher minimum wage because it reduces turnover and increases productivity, which is good for their bottom line. What’s more, Small Business Majority’s opinion polling found 60 percent of small...

Even Businesses That Don’t Rely On Hanjin Could Be Caught in Cargo Crisis

Fortune
Topics:
General Small Business

Michael Brey has a lot on his mind. Like many retail owners, the president and founder of Hobby Works, a four-location hobby and toy store based in Laurel, Maryland, is gearing up for the holiday selling season.

That includes putting in orders of his specialty totes for the paraphernalia of hobby enthusiasts, which he manufactures using a Chinese factory. But he’s worried his shipments will be delayed, thanks to the bankruptcy of South Korean shipping giant Hanjin, which at the end of August sent shock waves throughout the commercial world when it announced it would enter...

Letter of the Week: Obamacare benefits small businesses in Missouri

The Kansas City Star
Topics:
Healthcare

Aetna announced that it will no longer participate in the Affordable Care Act’s health-insurance exchange in Missouri. Although this decision presents a challenge for the exchange market, it still offers unique advantages — especially for small businesses and entrepreneurs.

Before the Affordable Care Act, also called Obamacare, many aspiring entrepreneurs were stuck in their jobs and unable to start businesses because they needed employer-sponsored health insurance. People now can leave their jobs and start their own businesses.

The Robert Wood Johnson Foundation estimated...

Small businesses look to Congress for action, may be waiting

The Washington Post
Topics:
Healthcare, Taxes

Depending on the election results, slow progress on small business issues could last into in 2017. Owners might want to consider just moving ahead, says John Arensmeyer, CEO of the Small Business Majority.

“I don’t think they should be waiting around to make business decision based on who’s going to get elected,” he says.

Estate Tax Anniversary: No Big Deal for Small Businesses

The Huffington Post
Topics:
Taxes

September 8 marks the centennial of the estate tax, which establishes a tax on certain estates that are transferred as inheritance. To mark the occasion, we’ll likely see many pundits calling for the abolition of this tax and knocking its impact on small businesses. But the reality is that the estate tax, which only applies to estates valued above $5.4 million, impacts very few small businesses. Instead of worrying about a tax that affects only the very wealthy, we should take this time to focus on the real tax issues that hurt small businesses - like inversions and other loopholes that...

This Can't Wait: Being Prepared

Columbus CEO
Topics:
Family Medical Leave

Small business owners could experience disaster around family and medical leave for their employees if they’re not prepared. Small Business Majority and the Center for American Progress team up for a Sept. 12 panel discussion about proposed policies and how they might affect small businesses. Alaina Scherer founded her digital marketing firm in part out of concerns with unequal application of pay, scheduling and family leave.

Letter: Obamacare benefits small business

Springfield News-Leader
Topics:
Healthcare

A recent article discusses Aetna’s announcement that it will no longer participate in the Affordable Care Act’s (ACA) health insurance exchange in Missouri. But while this decision presents a challenge to the exchange market, it’s important to remember that they still offer unique advantages — especially for our small businesses and entrepreneurs.

Prior to the implementation of the ACA, many aspiring entrepreneurs were stuck in their jobs and unable to start businesses because they needed their employer-sponsored health insurance. With the launch of the exchanges, people now have...

Health care win for small business

Orange County Register
Topics:
Healthcare

For a company of any size, choosing insurance for its employees can be complex. It tends to be even more so for businesses with limited resources that must be aware of all of the different tax laws related to employer coverage, and then factor in the needs of all workers and dependents. As David Chase, health care policy director for the Small Business Majority, a national small business advocacy group, summed it up, “If you’re a small-business owner, you know how to provide your product or service. But when it comes to health insurance, it’s a very foreign concept.”

Letter: Obamacare benefits small business

Cincinatti.com
Topics:
Healthcare

A recent article discusses Aetna’s announcement that it will no longer participate in the Affordable Care Act’s (ACA) health insurance exchange in Missouri. But while this decision presents a challenge to the exchange market, it’s important to remember that they still offer unique advantages — especially for our small businesses and entrepreneurs.

Prior to the implementation of the ACA, many aspiring entrepreneurs were stuck in their jobs and unable to start businesses because they needed their employer-sponsored health insurance. With the launch of the exchanges, people now have...

More on the cover story: Banks shouldn't be the first stop when seeking small-business financing​

More on the cover story: Banks shouldn't be the first stop when seeking small-business financing​
Topics:
Access to Capital

In the wake of the Great Recession, federal lawmakers approved a massive overhaul to banking regulations that made it tougher to get a small business loan.

And in the years that followed, banks were viewed as the tight-fisted bad guys to stingy to loan money to small businesses.

But small businesses, especially startups, have always been risky business for banks, even before the recession. So, following the recession, Colorado banks launched an offensive blitz, partnering with nonprofit agencies to talk with small businesses about their options — even if it’s not the bank....

Employer-Sponsored Benefits: Can Policy Keep Up With the Shifting Landscape?

The Pew Charitable Trusts
Topics:
Healthcare, Retirement, PSD/Benefits

The second conversation of the day featured Holly Wade, National Federation of Independent Business; James Klein, American Benefits Council; and Erik Rettig, Small Business Majority and was moderated by Kimberly Adams, Marketplace. This panel focused on the comparative experiences of small and large employers in offering benefits. Klein indicated that many businesses, particularly large employers, are starting to design benefits packages that include not only traditional offerings but also options such as long-term care insurance. Building on Klein’s comments, Rettig and others suggested...

Colorado Enterprise Fund is leaning in to help small business​

Denver Business Journal
Topics:
Access to Capital

When Ceyl Prinster, president and CEO of Colorado Enterprise Fund, drives around the state and sees “open for business” signs, she can’t help but smile.

She’s headed up the fund, which is a Community Development Financial Institution and makes micro and small business loans, for 29 years. Colorado Enterprise Fund started with an eye on the core of Denver in an effort to help improve the economy.

Over the years, the private, nonprofit organization expanded its reach to all of metro Denver and then statewide. In 40 years, it has loaned $52 million to 1,800 small businesses....

But Do They Mean It?​: T​ax experts dig into the presidential candidates’ tax plans

Accounting Today
Topics:
Taxes

Both the Clinton plan and the Trump plan envision spending more money on infrastructure, according to John Arensmeyer, founder and chief executive of Small Business Majority. “We feel this is great for small business,” he said. “The difference is that Clinton has a series of proposals that are paid for, whereas the Trump proposals are not. When we analyze the Trump plan, it would add $9.5 trillion to the deficit over the next decade.”

Health care exchanges still have plenty to offer

The Frederick News-Post
Topics:
Healthcare

Recent coverage discusses Aetna’s announcement that it will no longer participate in the Affordable Care Act’s (ACA) health insurance exchange in Maryland. But while this decision presents a challenge to the exchange market, it’s important to remember that the exchange still offer unique advantages – especially for our small businesses and entrepreneurs.

Prior to the implementation of the ACA, many aspiring entrepreneurs were stuck in their jobs and unable to start businesses because they needed their employer-sponsored health insurance. With the launch of the exchanges, people now...

Health care exchanges still have plenty to offer

Frederick News-Post
Topics:
Healthcare

Recent coverage discusses Aetna’s announcement that it will no longer participate in the Affordable Care Act’s (ACA) health insurance exchange in Maryland. But while this decision presents a challenge to the exchange market, it’s important to remember that the exchange still offer unique advantages – especially for our small businesses and entrepreneurs.
Prior to the implementation of the ACA, many aspiring entrepreneurs were stuck in their jobs and unable to start businesses because they needed their employer-sponsored health insurance. With the launch of the exchanges, people now...

Beverly Hanstrom turns medical waste into confetti​

Denver Business Journal
Topics:
Clean Energy, General Small Business

Beverly Hanstrom saw a problem in medicine and she’s finding a way to open people’s eyes about it and find a solution.

“Head on. No fear,” says Hanstrom on her approach to business. “There’s always going to be challenges and obstacles but if you’re passionate about it and you have perseverance and you believe in what you’re doing, it’s just one foot in front of the other.”

The medical community uses the same sterilization and disposal practices that have been in place for more than 50 years, using autoclaves and incinerators that can pose a hazard to public health and the...

PEPI JACKSON: Securing choice in retirement

Press Enterprise
Topics:
Retirement, PSD/Benefits

Many Americans are far less prepared for retirement than they were 30 years ago, and that particularly applies to small business owners and their employees. A vast 7.5 million Californians working in private-sector jobs don’t have access to an employer-sponsored retirement plan, and 66 percent of these individuals work for a small business. Many African Americans work for or own a small business, and with more than 1.2 million minority-owned small businesses in California the retirement gap disproportionately affects African American communities. Senate Bill 1234, which will create the...

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