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Freeing Small Businesses from Unnecessary Paperwork

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Freeing Small Businesses from Unnecessary Paperwork

By Karen Mills, Former SBA Administrator
Published: February 4, 2011 Updated: May 16, 2011

It’s great news that the U.S. Senate voted yesterday to remove a burdensome tax-related reporting requirement that could hit small businesses starting in 2012.

Shortly after the Affordable Care Act passed, we heard from small business owners who said that one provision of the new law – the expanded 1099 reporting requirement – would create too much of a paperwork burden when it went into effect in 2012.

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’s why we supported a proposal to relax the requirement in September and called for repeal of this provision in November.

We’ll continue to work with Congress to get the job done.

In the meantime, if you haven’t 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 here, here, here and here.

About the Author:

Karen Mills

Former SBA Administrator

Karen Gordon Mills is the Former Administrator of the U.S. Small Business Administration. The SBA helps both Main Street and high-growth small businesses get access to capital, counseling, federal contracts, disaster assistance and more.

Comments:

In a business, paper works cannot be avoided but if we can lessen the use of paper, it will be better. With today's growth in technology, businesses can now save data through hard drives which I think is far more practical.
I do think that there is still a lot of red-tape for small businesses and that this could be reduced further. However, any reduction is very welcome.
yes paper works are really very important for any business that matters. Many of them neglect this major fact.
Reducing the admin burden of red-tape is so important to small businesses and new business start-ups. Having to complete less paperwork means that small business owners can focus on the core business activities and focus on growing the business, which are essential to ensure business survival. Good work and I hope you continue to make progress with this.
Frankly speaking, I was rather sceptic about that news, but it really is! I do feel some sort of relief in 2012.
Interestingly, the Supreme Court's consideration of the constitutionality of the Patient Protection and Affordable Care Act has renewed debate about judicial reform in this vital area.
Took me time to read all the comments, but I really enjoyed the article. It proved to be Very helpful to me and I am sure to all the commenters here! Its always nice when you can not only be informed, but also entertained! Im sure you had fun writing this article.
I like this data given and it has given me some sort of commitment to succeed for some reason, so thanks.
Tax related business work is definitely very time consuming. As a small business owner, it is very hard to survive the rough times and focus on your business when you have so many different hats to wear. During tax season, I must switch gears from my daily and future business related issues, and focus on making sure my taxes are completed. Anything that makes tax season easier, is a good thing for everyone.
This is one less paperwork for me.... really grateful!

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