Wednesday, July 14, 2010

1099 Nightmare


Dear Business Friends,


It has been a non stop discussion in my CPA groups, but the new Health Care Reform Bill has created a new "Information Reporting" rule starting in 2012. This new rule requires you the employer to provide 1099's for EVERY product & service that you spend over $600 within the year.


The paperwork nightmare that this is going to create is scary. We have 18 months to make sure that our clients will not fall short with proper TIN #'s, Proper Company Names, Addresses....etc.


Oh, and did I forget the rumors of a new increase on failure to provide 1099? Well its been said it will increase from $50 to $100!!!


Friday, June 18, 2010

New Tax on Tan


Starting July 1, 2010 there will be a 10% excise tax on indoor tanning

Sunday, June 13, 2010

Workshops

I am so excited about the workshops on June 29Th. I know that the information is going to really be helpful for so many business owners. If you are interested please register soon, there is limited space available. Go to www.buschcpa.com and click on workshop to register.
  1. What Health Care Reform Mean for Your Small Business
  2. The Hidden Cash in Your Payroll

There is a small fee of $25 but if you register before June 15Th it is only $20 for each workshop. There will be treats and beverages for your enjoyment!