Your Business Just Changed

[GordonJ]

Originally Posted by Richard Dennis

If you're in the U.S., your business probably just changed quite a bit. Take a look at this article from CNNMoney:

http://money.cnn.com/2010/05/05/smal...re_tax_change/

Richard Dennis

Richard,

Thanks for digging that out. If there is a huge burden placed on small businesses, then more and more will flock to the "cash" system and/or a "derivative" of barter.

I'm starting to see (and offer cash for a discount) more and more small businesses, the mom's and pop's, starting to offer discounts for cash. It may be a small savings, the credit card processing and bank fees, but for some, it could make the difference.

More paperwork, more scrutiny = more cash transactions (albeit at inflated prices cause the cash of tomorrow won't be worth what it is today).

Gordon Alexander