GordonJ
May 12, 2010, 09:09 AM
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/smallbusiness/1099_health_care_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
http://money.cnn.com/2010/05/05/smallbusiness/1099_health_care_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
