Home Advertise Contact Blog Advertiser Login RSS
Newsletter Signup

Your Free Business Opportunity Resource Is Easy To Use
Home-Based Businesses
Choosing a Business Opportunity Growth and Profit Marketing and Sales
Plans and Goals Running Your Own Business Start-Up
Working From Home Entrepreneur Exchange Feature Articles
Opportunity Community Opportunity Focus In The News

Sales Success Inspiration - Hello my friends and welcome to another installment of The Special Sauce Series on Sales.

Sales Success Inspiration is the name of the game today.  We left off with the last post "

No Sales! The Leads Suck! After ten years in the industry I have heard this more than once. In fact, I hear this so often that a series of educational blog posts are needed to educate sellers on how to close more deals - period.

No sales! Now, first I preface this entire post with one thought...

She Means Business: Turn Your Ideas into Reality and Become a Wildly Successful Entrepreneur Is our Book-of-the-Month.

Carrie Green began her entrepreneurial life at the tender age of 20, starting a company that would go global in just a few years. She has turned her experience...

Sponsors

STARSCAPES®
Imagine making up to $500 to $1,800 a day! Call or click now see how you can get your business for FREE! (602) 679-0257
FundAbility
Need Funding? Need To Offer Financing To Close More Deals? We Have Access 7,000+ Credit Providers. Learn more now...
How Many Leads Does It Take To Close A Sale?
This Article is now live on our blog and I know could be very insightful for many. Read On
Top 7 Reasons to Consider a CMS
The internet loves obscure abbreviations. You can skip over most of them, but not CMS. What is CMS? read on...
Productivity Hacks — Our Top 50
Productivity Hacks will help you make more from less this 2016. Here at BusinessOpportunity.com we want to... Read On
The Ideal Length of Everything Online, Including Social Media Posts
When one of your busiest marketing channels limits you to 140 characters, you know that the internet sets its own rules.
How Many Leads Does It Take To Close A Sale?
This Featured Article is live on our blog and I know could be very insightful for connectivity and ROI.
It Takes a Hot Voicemail to Land a Warm Lead
If you're a successful entrepreneur who provides others like you the chance to follow in your footsteps... Read On
Business Franchise Opportunities Funding
The principle reason entrepreneurs put off starting their own business is lack of funding... Read On
Top 50 Home-Based Business Ideas
Home-Based Business ownership can be the most rewarding endeavor you will ever undertake. The new year... Read On
Low Cost Business Opportunities to Own
Are your right for a Low Cost Business Opportunities to Own? The desire to own your own business... Read On
The Top 10 Reasons to Buy a Business Opportunity or Franchise
Starting your own small business is part of the American Dream, right up there with owning your own home. Read On
Why Advertise Your Business Opportunity?
Over the years we have been fortunate enough to receive quite a few testimonials. In fact, ... read on
7 Keys to Leading Highly Effective Sales Conversations
Most people's sales conversations could be better. Not a little better, significantly better. Read On
 
Resource Center > Article
Senate Approves 1099 Repeal Language to the Relief of Small Business Owners
13 Apr 11 Posted by: Kathleen C Lanza
in Featured Articles
Share this Article:

A somewhat buried, three-paragraph pay-for in last year’s new healthcare legislation has been approved by the Senate for repeal, much to the relief of the nation’s small businesses and their advocates.  The provision would have required companies to report to the IRS payments of more than $600 per year made to any vendor, creating a compliance nightmare for small businesses in particular.

Initially designed to both fight tax fraud and raise money to implement healthcare reform, the provision very quickly became unpopular with both parties once the potential ramifications for small businesses became apparent.  Given that the House already passed it and the Senate’s 87 to 12 vote to do the same just last week, the repeal bill will now go to the President for his consideration.

President of the National Small Business Association (NSBA) Todd McCracken said in a recent statement, “NSBA applauds the efforts made in the Senate and House to repeal this huge thorn in the sides of America’s small businesses.  After a year of political wrangling over how to offset the cost (of healthcare reform) despite broad support of repeal, this was clearly a vote in support of small business.”

Currently, businesses must file a 1099 form only for freelancers and other service providers who are not incorporated and who they pay more than $600 per year, the goal being to ensure these workers pay taxes that would otherwise be withheld by businesses if they were regular employees.  The new provision would have expanded such reporting to also include companies, as well as goods and services.  According to the NSBA, small firms could very well have to increase their 1099 reporting from an average of 10 to 86 if the provision is not repealed, creating a tremendous burden on them both administratively and financially.

Shortly after the Senate's repeal language was approved, the White House signaled the President’s intention to sign the new bill stating, we are “pleased Congress has acted to correct a flaw that placed an unnecessary bookkeeping burden on small businesses.”  According to CNN reporter Ted Barrett who has been covering this issue closely, “multiple sources from both parties said they expect the president to sign the repeal” as well.

Related Blog Posts
15 Mar 17 Posted by: Kevin James Culp
in Featured Articles

Sales Success Inspiration - Hello my friends and welcome to another installment of The Special Sauce Series on Sales.

Sales Success Inspiration is the name of the game today.  We left off with the last post "
10 Mar 17 Posted by: Kevin James Culp
in Featured Articles

No Sales! The Leads Suck! After ten years in the industry I have heard this more than once. In fact, I hear this so often that a series of educational blog posts are needed to educate sellers on how to close more deals - period.

No sales! Now, first I preface this entire post with one thought...
1 Mar 17 Posted by: Kevin James Culp
in Featured Articles

She Means Business: Turn Your Ideas into Reality and Become a Wildly Successful Entrepreneur Is our Book-of-the-Month.

Carrie Green began her entrepreneurial life at the tender age of 20, starting a company that would go global in just a few years. She has turned her experience...
16 Feb 17 Posted by: Anuj Mishra
in Featured Articles

Improve Customer Engagement - The days of endless customer tickets are finally over, all thanks to the advancements in technology and innovations from clever software developers.

Improve Customer Engagement - Instead of being constantly overwhelmed by countless...

22 Nov 16 Posted by: Kevin James Culp
in Featured Articles

Free Lead Generation is a hot topic these days since many pay a pretty penny per portal to generate leads to increase ROI.

Free Lead Generation is part of any markets platform.  It is important to note that this November was 'nutty' for lack of a better word.  The purpose of this blog post...
 
   

SocialXpand Business Opportunity Interview w/ Brian Weiss was for me a new way to learn from a customer and whom I consider a friend in the industry.

I've had the opportunity to work for a while now with Brian Weiss who is the Director of Sales for the
Video Spotlight
You're invited to view a Bartercard Online Franchise Presentation.

Premium Sponsor