Big news for small business, the new 1099K tax form (Infographic)

Here’s news for Paypal earners – they will now have a tax form to fill, and of course, their online incomes are no longer below the radar as in the (golden) years past. Their bane though, is the government’s gain (think $378 billion, which is the tax gap). But it’s not all grim news in this Infographics. Also listed are the tax deductions most commonly overlooked by small businesses and the 5 largest tax credits and the movement to prohibit the IRS from letting loose the goose that would lay them new golden eggs.

But like some people said – paying big taxes – that’s a good problem to have.

big news for small business owners 1099 K Infographic
Brought To By Outright.com

Intro by Issa.  Art by D. Copyright 2009-2012.
Website: www.YouWantToBeRich.com
Email: Issa@youwanttoberich.com

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