Published April 24th, 2008
Interesting…very very interesting.
Do you think states should be allowed to levy a sales tax on online purchases?
Well according to a WebProNews.com post , New York is attempting to test those waters. Legislators are trying to pass a bill titled the "Amazon Tax" and are targeting online retailers who are not located in New York. The sales tax would be attached to any items shipped to the state. Proponents of the bill say it will help level the sales tax playing field for brick and mortar retailers and they estimate it will generate around $50 million in tax revenue... Read more
Tags: Amazon.com, government, internet, legislation, Rebecca Button, Sales, Tax
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Published April 10th, 2008
How would you feel about hiring an accountant who puts the interests of the IRS before those of you or your business? What’s that you say? You wouldn’t like it? That’s what I thought you’d say…but what if I told you you had to?
Unfortunately, that may be the case.
(I mean, I won’t force you to but a much stronger influence might…what was their name again?…..oh right! The Government.)
The Small Business and Work Opportunity Tax Act of 2007 stipulates that those who prepare returns containing an understatement of tax due - which the preparer "knew or reasonably should... Read more
Tags: Accounting, Finance, Finance and Accounting, government, legislation, Rebecca Button, small business, taxes
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Published March 5th, 2008
Have you ever felt that taxes and regulations are unfairly burdening your business or industry?
If you are like many small business owners, you are of the mindset that there is nothing you can do about it, and that you should just suffer with it. After all, how are you going to convince government forces that they are hurting you? As a small business, you may think you do not have enough influence to make a difference.
In some respects, you may be right. Your small business alone does not have the sway with government regulators and lawmakers that a... Read more
Tags: government, Leeia Ladipoh, legal, national ombudsman office, ombusdman, small business policy, taxes and regulations
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Published February 12th, 2008
With the US economy going through a widespread malaise at the moment, and a dollar that’s struggling to stay ahead of many of its once lesser counterparts, it’s been a tough time for businesses. Especially small business owners, who often rely on a strong dollar to make any profits. Therefore, when Senator John Kerry announced an incentive to help businesses, it couldn’t have come at a better time.
Kerry’s economic stimulus plan targets small businesses over larger ones, and its key features include tax incentives for small businesses, offering double funding for specialist micro loans, and reducing the overall fees... Read more
Tags: danny brown, Economic Growth Act of 2008, economy, government, news, small business, stimulus package
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