Sunday, December 11, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 
holidayextravaganza2016.pdf

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found

*Includes FREE photo online! mywcn.com/lostandfound

VideoMissing Tux Gray & White Male cat was wearing a green collar with polka dots missing for a yr. Any information call 512-629-2005. REWARD OFFERED!!!

VideoFound 12/6 on CR417 in Stockdale. Super-sweet and friendly - seems well-loved. No tags/collar. Are you her family? Call 830-391-1966.
More Lost & Found ads ›

Help Wanted

*Fair Housing notice. All help wanted advertising in this newspaper is subject to the Fair Housing Act which makes it illegal to advertise "any preference limitation or discrimination based on race, color, religion, sex, handicap, familial status, or national origin, or an intention, to make any such preference limitation or discrimination." This newspaper will not knowingly accept any advertising for help wanted ads, which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this newspaper are available on an equal opportunity basis.
Oilfield Roustabouts - SEI Oilfield Services now hiring experienced roustabouts at our Jourdanton location, Mon.-Fri. with weekends as necessary, weekly pay, full benefits package, matching 401k, and PTO, $11-$12/hour. If you have prior roustabout experience email your resume and/or contact information to rmclain@seioilfield.com.
More Help Wanted ads ›

Featured Videos





Video Vault ›

National News


NNA welcomes rollback of 1099 tax reporting law




E-Mail this Story to a Friend
Print this Story

Disclaimer:
The author of this entry is responsible for this content, which is not edited by the Wilson County News or wilsoncountynews.com.
April 5, 2011 | 2,085 views | 1 comment

National Newspaper Association President Elizabeth K. Parker welcomed today’s 87-12 Senate vote to restore 1099 tax form reporting to 2010 levels and eliminate a threatening new burden on small businesses. Parker is co-publisher of Recorder Community Newspapers in Stirling, NJ.

The Senate adopted a bi-partisan measure that would jettison new rules for much wider reporting of businesses’ payments for goods and services. Without today’s repeal, businesses would have been required to report to the Internal Revenue Service each year their payments for virtually all products and services, including purchases of office supplies, advertising, rent and other common payments--even made to corporations that already report those revenues as income--if totals exceeded an annual $600 threshold.

The impending implementation of 1099 requirements, set to go into effect on Dec. 31, 2011, had already begun to affect small newspapers as their vendors were requiring W-9 statements with taxpayer IDs to set up massive compliance systems.

“This 1099 expansion was intended to capture scofflaws who don’t pay their taxes, but instead it simply saddled small businesses with a lot of new accounting expense,” Parker said. “According to a study by the Small Business Administration, the cost of complying with the tax code is already 66 percent higher for small businesses than for large businesses. This 1099 burden, just as many community newspapers are beginning to find economic recovery, would have been a severe setback.”

The Senate’s vote today overcame a proposed amendment by Rep. Robert Menendez, D-NJ, that would have modified but not rolled back the new 1099 rules.

Parker thanked members of NNA’s Congressional Action Team for their work with congressional delegations in helping them understand the impact of the new 1099 reporting.

“Congress passed this provision during the health care reform bill with the belief it would bring in $17 billion in tax payments from scofflaws,” Parker said. “But it became quickly clear that the expense of compliance, both by businesses and by the IRS, could outweigh the benefits. Plus, it simply added to the headaches of businesses that fairly pay their taxes. Congress was wise to rethink its action and let us get back to focusing on how to improve our local economies and run our newspapers.”
 
‹ Previous Blog Entry
 

Your Opinions and Comments

 
Elaine K.  
Floresville  
April 5, 2011 6:36pm
 
Just posted.

Share your comment or opinion on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

National News Archives


Friesenhahn Custom WeldingHeavenly Touch homeVoncille Bielefeld homeAllstate & McBride RealtyTriple R DC Experts

  Copyright © 2007-2016 Wilson County News. All rights reserved. Web development by Drewa Designs.