Monthly Archives: May 2010

Major S change?

There currently is a bill wending its way through the House called the American Jobs and Closing Tax Loopholes Act. Wait a minute - why don't they ever label one the "We're going to stick it to you act"? What happened to truth in advertising? Sorry. I digress. Anyway, this bill has a lot of [...]

By |2018-02-07T14:19:17-08:00May 28th, 2010|Pauls's Tax Blog|0 Comments

Wow – How bad was it?

In Dayton, Ohio a man who was upset at being audited by IRS fired several gunshots at an H&R Block employee whom he blamed for the audit. He approached her car in a parking lot outside a bar last Sunday morning and opened fire.Thankfully she managed to escape with just a few new holes in [...]

By |2018-02-07T14:19:17-08:00May 14th, 2010|Pauls's Tax Blog|0 Comments

Who slid this in?

As reported at CNN yesterday, Buried deep within the Obamacare law is a change in rules that have a huge impact on 1099 reporting for all businesses. Currently only noncorporate vendors receive 1099 forms for amounts paid for services. However, starting January 2012, businesses will need to issue 1099 forms to all vendors that were [...]

By |2018-02-07T14:19:17-08:00May 7th, 2010|Pauls's Tax Blog|0 Comments

Banana Republic status!

Recently, a survey of the nations CEO’s that ranked all states in terms of their business environments listed California dead last. Actually, we came in 51st out of the 50 states since they included the District of Columbia. According to Chief Executive Magazine, California has become “the Venezuela of North America”. Maybe that’s why Governor [...]

By |2018-02-07T14:19:17-08:00May 6th, 2010|Pauls's Tax Blog|0 Comments