MJ DeMarco
I followed the science; all I found was money.
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Although this links to a political blog, keep the conversation down to the FACTS which is utterly disturbing for anyone that runs a thriving business.
http://www.saveyourrights.com/gover...d-all-business-transactions-in-excess-of-600/
In the Obamacare legislation is a new small business mandate that requires all businesses who spend more than $600 with any vendor to exchange 1099's. In other words, lets burden small business owners with mountains of paperwork.
This "provision" is now being exposed and hopefully will face a fight before implementation.
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While I understand this is to prevent loopholes and fictitious deductions, this amounts to not hours of research, BUT WEEKS.
On the flipside, if this provision becomes reality, there will be a GREAT OPPORTUNITY to create some type of accounting/software program that automates this process ... if this mountainous expedition of paperwork is done manually, you are looking at weeks of productivity down the drain. So while we all should bitch about this provision and try to prevent its reality, it creates an opportunity because thru inefficiency, opportunity is created.
http://www.saveyourrights.com/gover...d-all-business-transactions-in-excess-of-600/
In the Obamacare legislation is a new small business mandate that requires all businesses who spend more than $600 with any vendor to exchange 1099's. In other words, lets burden small business owners with mountains of paperwork.
This "provision" is now being exposed and hopefully will face a fight before implementation.
.
.
.
.
.
While I understand this is to prevent loopholes and fictitious deductions, this amounts to not hours of research, BUT WEEKS.
On the flipside, if this provision becomes reality, there will be a GREAT OPPORTUNITY to create some type of accounting/software program that automates this process ... if this mountainous expedition of paperwork is done manually, you are looking at weeks of productivity down the drain. So while we all should bitch about this provision and try to prevent its reality, it creates an opportunity because thru inefficiency, opportunity is created.
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