10 Business Documents You Need Before You Die

Monday, July 30th, 2012

Here’s something that’s easy to forget about during the throes of getting your business up and running. (Thanks MogulMom!)
10 Business Documents You Need Before You Die
Helping you remember the details…

Entrepreneur Startup Model

Friday, July 27th, 2012

Here’s an excellent resource for new business – or reevaluating your existing biz. It’s targeted for Sarasota County, but practical wherever you are.

Entrepreneur Startup Model

Happy summer!

A simple way to end the deficit

Friday, April 20th, 2012
 I received this in a recent email. It’s worth repeating!
Warren Buffett, in a recent interview with CNBC, offers one of the
best quotes about the debt ceiling:
  “I could end the deficit in 5 minutes,” he told CNBC. “You just
pass a  law that says that anytime there is a deficit of more
         than 3% of  GDP, all sitting members of Congress are ineligible
for re-election/The 26th amendment (granting the right to vote for 18 year-olds)
took only 3 months & 8 days to be ratified!  Why? Simple!

         The people demanded it. That was in 1971 – before computers, e-mail,
         cell phones, etc.Of the 27 amendments to the Constitution, seven (7) took one (1) year
or less to become the law of the land – all because of public pressure.

         Warren Buffet is asking each addressee to forward this email to
a minimum of twenty people on their address list; in turn ask
each of those to do likewise.In three days, most people in The United States of America will
have the message.  This is one idea that really should be passed

_*Congressional Reform Act of 2011*_

1. No  Tenure / No Pension.

A Congressman/woman collects a salary while in office and receives no
pay when they’re out of office.

2.  Congress (past, present & future) participates in Social

All funds in the Congressional retirement fund move to the
Social Security system immediately. All future funds flow into
the Social Security system, and Congress participates with the
American people. It may not be used for any other purpose.

3. Congress can purchase their own retirement plan,  just as all
Americans do.

4. Congress will no longer vote themselves a pay raise.
Congressional pay will rise by the lower of CPI or 3%.

5. Congress loses their current health care system and
participates in the same health care system as the American people.

6. Congress must equally abide by all laws they impose on the
American people.

7. All contracts with past and present Congressmen/women are void
effective 1/1/12. The American people did not make this
contract with Congressmen/women.

Congressmen/women made all these contracts for themselves. Serving in
Congress is an honor, not a career. The Founding Fathers
envisioned citizen legislators, so ours should serve their term(s), then go home and back to work.

If each person contacts a minimum of twenty people then it will
only take three days for most people (in the U.S.) to receive
the message.  Don’t you think it’s time?


If you agree with the above, please pass it on. If not, just ignore it.

Business Heard by Congress – new 1099 Requirements Overturned

Monday, September 5th, 2011

Hi everyone.

Here’s an excerpt from a free newsletter worth subscribing to!

Rejoice – Congress Overturns Enhanced 1099 Reporting Requirements

Anderson Business Advisors, PLLC

In response to overwhelming objections from business leaders, business organizations and accounting professionals nationwide complaining about the tax compliance burden these new requirement impose on taxpayers, particularly small businesses, Congress has repealed these requirements.   

  • For Rental Owners – The new requirement for rental owners to report annual payments of $600 or more to service providers, such as a pool service person, handyman, gardener, management company and other unincorporated service providers effective for the 2011 and future tax years.

  • For Business Owners – The new requirement to include incorporated entities in the business 1099 reporting requirements and expanding the scope to include purchases in addition to payment for services.  This provision was to become effective for the 2012 and subsequent tax years.

Your Biz Lady

What small business needs to know about tax changes

Thursday, October 14th, 2010

Feel that chill in the air yet?  Fall is upon us, along with some changes in the tax code.  According to the Anderson Business Advisors’ October newsletter, There are changes in the wind for business….. but you knew that!

Here are some items to be aware of:

  • Merchant card processing companies like American Express, Visa and MasterCard merchant banks will be required to report each business’s payment transactions to the IRS.  Read more at http://www.alglaw.com/article/view.php?id=285
  • The 2010 Small Business Jobs Act enacted September 27, 2010 includes an assortment of incentives and tax breaks for small businesses, including:
    • Cell Phones can be deducted or depreciated like other business property.
    • Business Owners’ Health Insurance Deduction Reduces Self-Employment Tax
    • General Business Credits for 2010 Can Be Carried Back 5 Years

Read more about these and other deductions at http://www.alglaw.com/article/view.php?id=280

I like the info Anderson Business Advisors puts out.  Rather than me repeating any more of it here, I recommend you subscribe to their newsletter at http://www.alglaw.com.


File a 1099 When You Buy A Computer? Yikes!

Thursday, September 9th, 2010

Tonight I’m researching 1099 vs. employee status for a client who plans to do some hiring, and I stumbled across this interesting tidbit at ehow.com.

The 1099 in 2012

Any vendor that you purchase at least $600 worth of goods from will be required to file a 1099 form come 2012. This means that if you purchase a computer for $600 or more from a store and pay with cash or a check, you will have to send that store a 1099 form. Credit card payments are exempt. And that store will need to send you a W-9 for your records.

Read more: IRS Rules for 1099 Filers at eHow.com.

What happened to the “Let’s Have Less Paperwork” Act?

Tax news you need to know

Friday, August 13th, 2010

Hi everyone.  Are you taking all the tax deductions you are entitled to?  Do it right to protect yourself in case of an audit.

According to Anderson Business Advisors,Large tax deductions are a notorious red flag for the IRS, with home-based businesses, in particular, facing an increase in tax audits due to suspicious deduction activity on income tax returns.”  Here is the full article from their August newsletter with, as they say, “some foundational guidance that will help you take the deductions that you deserve.”

Small Businesses Expenses 101

Here’s to many happy deductions!
Your Biz Lady