Ryze - Business Networking Get a Coderbuddy developer now
www.coderbuddy.com

"I Highly Recommend Them" - Magnitude.io CEO; US timezone; affordable rates; Silicon Valley leadership
Get your software built!
Buy Ethereum and Bitcoin
Get started with Cryptocurrency investing
Home Invite Friends Networks Friends classifieds
Home

Apply for Membership

About Ryze


ABHP - A Bit of Humble Pie [This Network is not currently active and cannot accept new posts] | | Topics
Small Business Owners and the 1099 - The New Law in the Health Reform Bill.Views: 303
Oct 14, 2010 2:13 am Small Business Owners and the 1099 - The New Law in the Health Reform Bill.

Eileen Brown
Eve'ng Folks.

In case you have not read this before, it will impact your
small business, whether you work from home or not:

http://money.cnn.com/2010/05/05/smallbusiness/1099_health_care_tax_change/

Be aware that if you pay anyone for services or goods that
total $600.00 (or more) you will be required to file a 1099
with the gov.

This is (of course) another gov. gimmick.

Example:
'Mary' across the street helps me take care of Russ and
I am paying her for her time. I may be paying her in cash
BUT IF I want to take that outpay and claim it as a medical
expense at the end of the year on his tax return, I'll have
to provide the gov. with the 1099's to prove I paid out the
money.

SO this does not only apply to business small and large but
to individuals as well.

Eileen

Tweet ME @SuperEB - http://twitter.com/SuperEB
Web Development - http://www.bekansas.com/
Web Site Graphics - http://www.buddywebgraphics.com/
ABHP http://abhp-network.ryze.com/ ~~~ JOKE http://todaysjoke-network.ryze.com/

Private Reply to Eileen Brown (new win)





Ryze Admin - Support   |   About Ryze



Ryze Android preview app

Testing Gets Real: blog on A/B testing, building businesses with feedback loops, by Adrian Scott

© Ryze Limited. Ryze is a trademark of Ryze Limited.  Terms of Service, including the Privacy Policy