The ballots have been cast, the votes counted, and we now know who will be our next president: Donald Trump. While talk of actual policy wasn’t always the emphasis of this tiresome election cycle, we’re now getting a clearer picture of his plans: a traditionally conservative proposal of tax cuts to spur economic growth.
With the end of the year rapidly approaching, there’s one number businesses are just as concerned with as the one occupying the bottom line: 1099. Companies are gearing up for the annual filing of these documents, but it shouldn’t be too daunting a task for shops that stayed in front of their record-keeping all year. Basically, companies must issue a Form 1099 to vendors or subcontractors that have earned $600 or more during the year.
Cloud-computing taxation is a complicated issue. Laws and regulations vary not only across national borders, but also across state lines. While there are handy primers available, wrapping your head around all the sales and use tax cases can be a real struggle.
Blink and you might miss an added wrinkle to the startup game. Any number of factors contributes to its evolution, but there will always be one constant: the spirit of competition.
You likely don’t have the experience or knowledge to go it alone (and that’s OK!), so this is where a solid board of directors’ counsel can be invaluable. Just like your personal support group did all those years leading up to your college education, an experienced board can have your company’s short- and long-term best interests at heart.
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