Blog

  • Business Owners, Do You Accept Credit Cards? What’s Coming in 2011

    Does your business accept credit cards? be prepared, beginning in 2011, merchant processors that process credit cards, debit cards and third party network transactions will be required to issue their clients a 1099.  A 1099 will be required when the number of transactions processed for their merchant client, exceed 200 in a calendar year or…

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  • Welcome to Healthcare Tax Compliance Hell!

    Beginning in 2012, all businesses, including sole proprietors, partnerships and corporations will have to issue a 1099 to any person or business when they purchase any goods or services that exceed $600 per year. That’s correct, now when Larry the landscapers buys gasoline from Bill’s Stop & Go because he has the cheapest gasoline, and…

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  • Are You an On-Line Retailer? Amazon Helps Fight the Sales Tax Battle

    Because of the various states’ budget crisis and growth of on-line sales over the past decade, a few states have been passing laws in an effort to collect sales tax from -on-line retailers.  To date, these states have had little success. Most recently, the battle lines have been drawn between Amazon, and North Carolina.  Last…

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  • Small Business Owners May Qualify for Tax Credit for Employees Health Care Premiums

    The Patient Protection and Affordable Care Act signed into law on March 23, 2010 may allow you to take a tax credit for health care premiums you pay for your employees.  The tax credit is aimed specifically at small business owners with less than 25 full time employees and where the average annual wage per…

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