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Freeing Small Businesses from Unnecessary Paperwork

by Karen Mills, SBA Administrator

  • Created: February 4, 2011, 4:31 pm
  • Updated: May 16, 2011, 5:32 pm
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12 comments

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's Profile Picture
Karen Gordon Mills is the 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.
Tags: Official SBA News and Views, Open For Business

Comments

joshmccreery0930 | Window Shopper | 9/30/2012 - 6:44 am

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.
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sharri | Window Shopper | 7/11/2012 - 11:16 am

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.
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xtremeno18 | Window Shopper | 6/20/2012 - 2:55 am

yes paper works are really very important for any business that matters. Many
of them neglect this major fact.
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esimps | Window Shopper | 6/6/2012 - 6:11 am

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.
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Bauchmuskeltraining | Window Shopper | 5/6/2012 - 10:09 am

This post has been removed from public view (spam). For more information, please review the Community Rules of Conduct.

BradParson | Window Shopper | 5/2/2012 - 4:03 pm

Frankly speaking, I was rather sceptic about that news, but it really is! I
do feel some sort of relief in 2012.
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schieldenver | Window Shopper | 4/13/2012 - 1:56 pm

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.
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dabidy | Window Shopper | 4/3/2012 - 4:13 pm

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.
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qidirof | Window Shopper | 4/3/2012 - 10:30 am

I like this data given and it has given me some sort of commitment to succeed
for some reason, so thanks.
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Lisawendosan | Window Shopper | 3/16/2012 - 8:30 pm

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.
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