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Not much you can do. I killed my micro business because compliance costs weren’t worth it. Imo 1099s actually make it easier though. Before I would have to make
by rdtwo 4y ago
Not much you can do. I killed my micro business because compliance costs weren’t worth it. Imo 1099s actually make it easier though. Before I would have to make my own and hope it matched and that’s actually a bigger headache.
- jollyllama 4y agoThis. The government is basically screwing over the OP and his customers with this new requirement. If you look on ebay, there's a lot less options than before. A lot of people are just quitting rather than deal with this. How they're making up the income, idk.
- rdtwo 4y agoThe bigger problem is that there is no reasonable minimum compliance threshold. If the governing were to just allow you an exemption for under 10k of profit it would allow small and micro business to try and fail without all the extra additional compliance issues that larger enterprises might be more capable of dealing with.