The new rules on 1099 forms, which were attached to the health care bill and are set to go into effect in 2012, call for all businesses, no matter how small, to file 1099 forms for goods as well as for services. That sounds like a technicality, but it’s got small business up in arms.
By Lisa Gansky
The opinions expressed are her own.
Does our economy make us happy?
The crash-and-burn of the financial system, a prolonged recession, and high unemployment obviously cause us enormous distress. We are forced to ask ourselves, “What can we afford now?”
from Reuters Money:
In the big tax fights of this year, the coming changes to who must get 1099 forms would hardly seem to rate. But for the vast majority of small businesses, these new rules will hit far harder than the estate tax, despite political posturing on that front.
Christine Poirier designed her own nursing top to help her feel less insecure about breastfeeding in public after the birth of her first child. Her invention turned into a business and now she faces the challenge of expanding her Toronto-based apparel company, Momzelle, into the U.S.