Accountants don’t think their small-business clients are prepared for the Affordable Care Act, according to a recent survey.
A third of accountants said that their small-business clients were “totally unprepared” for the ACA, significant parts of which come into force on October 1. Almost half (48%) said that their small-business clients were “not very prepared.” (Click to see the full chart.)
Midsized businesses fared slightly better, with 40 percent of accountants saying their clients of this size were “not very prepared,” and 43 percent saying their clients were “somewhat prepared.”
Large businesses are in much better shape: Just over half (51 percent) of accountants think their large clients are “somewhat prepared,” and 24 percent think they are “very” or “completely prepared.”
The survey of Accounting Today’s Executive Research Council drew responses from 277 accountants in public practice at firms of all sizes across the country. Two thirds (66 percent) said that they had been asked for help on the ACA by a client at some point.
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