Obamacare Adds A Flood Of 1099′s
This got my attention. In a column by Deroy Murdoch he explained one of the many consequences of Obamacare. More paperwork for us small business owners.
Specifically, ANY vendor you spend more than $600 a year on will require an IRS form 1099 starting in 2012. Whether it’s a graphics artist or Best Buy, it doesn’t matter.
According to Rep. Dan Lungren (R, Calif.)
They will have additional accounting costs that will consume time and money,” Lungren tells [Murdoch]. “They will be required to keep a running tab with every vendor, all the way from restaurants to anything they buy — a piece of equipment, an airline ticket, or a hotel room. And when they reach the $600 threshold, they will be required to file 1099s for each of those vendors.
What is Home Depot going to do with the million 1099′s it receives from all those contractors out there?
Lungren also points out that small business owners will likely do more business with big box stores rather than local businesses to alleviate the paperwork.
My question is what the hell does this have to do with health care? Now we’re starting to find out what was in those 2600 pages.
You know what else is in there?
Atop this, the Galen Institute’s Grace-Marie Turner reports that Obamacare will require employers to evaluate their health plans’ affordability by calculating each employee’s household income, not just that worker’s individual wages. This likely will involve, at a minimum, collecting income declarations from every staff member.
You’ll also have to find out whether they have an 18-26 year old at home and whether they need health care from your company.
Can the government be a bigger pain in the ass of small businesses?
“YES, WE CAN”.
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Anti-virus Software Recommendations
We often get clients asking us for a recommendation on anti-virus software. This occurred last week when one of our clients was infected with a scareware trojan (again). He couldn’t download anything off the web because the trojan was blocking it and was standing at the anti-virus software rack at the local Office Max. He had been using AVG on his new computer, which didn’t block the scareware.
So let’s talk about antimalware protection for your home office or small business. First, there are Internet security suites that can contain a firewall, anti-virus, antimalware, anti-phishing, anti-spam, parental control, identity theft protection, backup software and any number of other features which you may or may not need.
Then there is dedicated anti-virus/antispyware software that specializes in protecting your computer from a virus/worm/trojan. Read more.
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