This law really does look like a red tape apocalypse. For most of us working on startups and small enterprises, I'm thinking it will boil down to two choices:

This law really does look like a red tape apocalypse. For most of us working on startups and small enterprises, I'm thinking it will boil down to two choices: 1) For major purchases (things that have to be over $600) centralise all expenditure through s single or few suppliers likely to do all the paperwork for you (as suggested by protomyth). 2) For everything else, forget about loyalty and spread your transactions over different suppliers to avoid hitting the threshold and not have to worry about it. Online services look like one of the easiest things to deal with - Amazon AWS and Rackspace Cloud and anything where you spend over $50/month is going to get hit by this. But at least you won't be digging out and counting up receipt totals by supplier like your starbucks dockets.