{"id":1470,"date":"2011-02-04T20:56:00","date_gmt":"2011-02-05T00:56:00","guid":{"rendered":"http:\/\/www.theforcefield.net\/podcast\/freeing-small-businesses-from-unnecessary-paperwork-4040\/"},"modified":"2011-02-04T20:56:00","modified_gmt":"2011-02-05T00:56:00","slug":"freeing-small-businesses-from-unnecessary-paperwork-4040","status":"publish","type":"post","link":"https:\/\/www.theforcefield.net\/podcast\/freeing-small-businesses-from-unnecessary-paperwork-4040\/","title":{"rendered":"Freeing Small Businesses from Unnecessary Paperwork"},"content":{"rendered":"<p>Authors: Karen Mills<\/p>\n<div>\n<div class=\"blog-node-entry\"><img decoding=\"async\" src=\"..\/sites\/default\/files\/images\/picture-172.jpg\" alt=\"Karen Mills\" class=\"blog-user-pic\" \/> <\/p>\n<p>It\u2019s great news that the U.S. Senate voted yesterday to remove a burdensome tax-related reporting requirement that could hit small businesses starting in<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p> <!--more--> 2012. <\/p>\n<p>Shortly after the Affordable Care Act passed, <a href=\"..\/acaletter\">we heard from small business owners<\/a> who said that one provision of the new law \u2013 the expanded 1099 reporting requirement \u2013 would create too much of a paperwork burden when it went into effect in 2012.<\/p>\n<p>The Administration immediately took steps to lower the future burden this might have, but as we continued to hear from small business owners like you, the President decided that the burden would simply be too great. That\u2019s why<a href=\"http:\/\/www.healthcare.gov\/center\/letters\/treasury_hhs_1099_letter.pdf\"> we supported a proposal to relax the requirement in September<\/a> and <a href=\"..\/content\/sba-backs-repeal-%E2%80%98burdensome%E2%80%991099-reporting-requirements-small-business-transactions\">called for repeal<\/a> of this provision in November.<\/p>\n<p>We\u2019ll continue to work with Congress to get the job done.<\/p>\n<p>In the meantime, if you haven\u2019t already, I encourage you to check out the new tax credits and other benefits of the Affordable Care Act that are already helping small business owners start or continue providing health insurance coverage. You can hear some of their stories <a href=\"http:\/\/www.whitehouse.gov\/blog\/2011\/01\/18\/voices-health-reform-cathy-s-story\">here<\/a>, <a href=\"http:\/\/www.whitehouse.gov\/blog\/2011\/01\/19\/voices-health-reform-betsy-s-story\">here<\/a>, <a href=\"http:\/\/www.whitehouse.gov\/blog\/2011\/01\/24\/voices-health-reform-jim-s-story\">here<\/a> and <a href=\"http:\/\/www.whitehouse.gov\/blog\/2011\/01\/26\/voices-health-reform-janine-s-story\">here<\/a>.<\/p>\n<p>\u00a0<\/p>\n<p><strong>Read more:<\/strong> <a class=\"rssreadon\" rel=\"external\" title=\"Freeing Small Businesses from Unnecessary Paperwork\" href=\"http:\/\/www.sba.gov\/about-sba-info\/14234\">http:\/\/www.sba.gov\/about-sba-info\/14234<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Authors: Karen Mills It\u2019s great news that the U.S. Senate voted yesterday to remove a burdensome tax-related reporting requirement that could hit small businesses starting in<\/p>\n","protected":false},"author":351,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[1076,1141,1095,1077,1078],"class_list":["post-1470","post","type-post","status-publish","format-standard","hentry","category-small-business-administration-blog","tag-of","tag-small","tag-that","tag-the","tag-to"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - 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