Tax Implications for Small Business in the New Housing Bailout Bill

I thought Big Brother was busy regulating eating habits in Los Angeles but he does seem to get around! It seems as if he’s had his fingers in the new housing bailout bill just signed by President Bush. This should not be a surprise to anyone. After all, it was to the IRS that Congress turned when they realized that they had to do something about the crisis. Now it’s done and we can sit back and watch what happens in the housing market. Will Fannie and Freddie shape up, or will they take their new revenues and continue to spend like drunken sailors on a long awaited and all too short shore leave? We’ll have the answer to that soon enough. The issue here is what is not being reported in the media, some little changes to the tax code that should concern anyone in business. The Tax Man cometh!  /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-sty... [Read Full Article]

Changes at eBay have People Talking

Bay has been in the news recently for a variety of different reasons, ranging from boycotts arranged by angry sellers who feel betrayed by the online auction site's decision to not allow negative feedback on buyers, to the eBay Live conference, held in Chicago this week, that brings together eBay sellers for an opportunity to network with others, hear directly from company executives, as well as attend educational seminars on how to be more effective in their eBay endeavors.  The Issue of Feedback Feedback issues, along with eBay's decision to permit only PayPal or payment-on-delivery for certain overseas markets, has sparked a heated debate amongst those in the community. Many feel the feedback change puts sellers at a permanent disadvantage because they no longer have the option of leaving a "neg" on a buyer’s record. Many complain that this exposes them to extortion and fraud attempts by unscrupulous buyers who threaten to leave negative feedback if they do... [Read Full Article]