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9 Regulatory Issues That Will Affect Small Business in 2014

According to Fox Small Business here are 9 issues for 2014. How are you affected? Health care: Numerous provisions related to health care reform continue to affect small business owners and their employees. Defense of Marriage Act (DOMA): Immigration and E-verify: Immigration reform very much remains on the radar of many in Washington. IRS priorities: The Supreme Court will begin hearing arguments in January to determine if severance pay should be taxable or exempt from FICA tax. Retirement: Policymakers are considering several items that could lead to changes in 2014 for businesses that offer retirement plans to their employees. Employment regulations: Businesses should pay attention to the following potential items on the 2014 agenda: a worker's right to organize, continued enforcement for the misclassification of employees as independent contractors... Privacy and data security: A current trend that is expected to continue in 2014 is the implementation of additional measures on the state level to strengthen security and privacy regulations. Banking: In response to the well-publicized regulatory challenges many banks have recently experienced, some are adopting stricter policies around customer relationships. http://smallbusiness.foxbusiness.com/legal-hr/2013/12/27/regulatory-issues-that-will-affect-small-business-in-2014/ And they say governmental regulations are not time consuming.....

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Topic Expert
Mike Caruana
Title: Director of Financial Services
Company: Diamond Resorts International
(Director of Financial Services, Diamond Resorts International) |

Thanks, Wayne. And with the new Consumer Financial Protection Bureau jumping into the game, all financial transactions between customers and businesses are potentially scrutable by the Feds if a complaint arises. Regulators will surely be busy in 2014.

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