Friday, August 8, 2008

New Small-Business Website

The National Small Business Association has started a new Web site. It is intended to educate small-business owners about proposals promoted by the IRS and Congress to raise revenue.



These proposals are aimed at the small-business owner. You can visit the site, http://www.preventirsabuse.org/ and find the following:


  • How the NSBA aims to get the small-business community to speak out against the increase in IRS audits of small businesses.

  • How legislation recently passed by Congress would require credit and debit card companies to report all electronic payments made to businesses.

The NSBA cited a recent study by the Transactional Records Access Clearinghouse that found the IRS increased its audits of small corporations by 41 percent between 2005 and 2007. Meanwhile, audits of the largest corporations plunged in 2007 to the lowest level in the last 20 years.

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