What Are the Top Regulatory Issues for Small Businesses in 2017?
Paychex has identified the top 10 Regulatory issues for 2017. For more in-depth information, view the full press release.
1. Tax Reform
Tax Reform could blend the measures outlined by President-elect Trump during his campaign with existing GOP reform proposals.
2. The Affordable Care Act
The ‘repeal and replacement’ of the Affordable Care Act (ACA) was a central theme of President-elect Trump’s campaign message and is expected to be among hi administration’s priorities
3. Wage/Hour Compliance
Wage/hour compliance promises to be an area of significant flux for employers in 2017.
4. Immigration Reform
Immigration reform will be a priority during the President-elect’s first 100 days in office.
The outcome of November’s election has added uncertainty to the retirement industry’s regulatory landscape.
6. Employment Regulations
Several employment-related topics promise to be front-of-mind in 2017.
The trend towards implementing faster and more secure payments will continue to see momentum in 2017.
8. Cyber Security
Although President-elect Trump has indicated an intent to roll back federal regulation, an area which could see greater oversight is cyber security.
Payroll cards, an increasingly popular method of receiving pay for many workers, will continue to be an area of significant regulatory focus in 2017.
A key election pledge for President-elect Trump was a $1 trillion infrastructure initiative, meant to revitalize the nation’s roads, bridges, broadband networks, and other support systems to boost the economy by providing a multitude of new jobs.