Small Business Reading Room

Saturday, January 28, 2006

Happy New Year! The Year of the Hot Dog

Our neighbors from China are celebrating the new year in various stages from now through the 4th of February. This is the 4703rd year in the Chinese Calendar. It puts some perspective on the history of western civilization.

The Chinese calendar is more complex than just to say that this is the Year of the Dog... technically... it is the Year of the Male Fire Dog... or... Hot Dog.

Happy New Year.

Friday, January 27, 2006

Maryland appellate court ruling upholds tool against Spam

I think it is probably safe to say that we all dislike unsolicited e-mail.

This ruling may now become yet another tool in the fight against spam.

Judge affirms spam suits
(Free Registration Required)

Is it possible to really stop the flood of junk to our inboxes?
The 2004 anti-span law known as the CAN-SPAM Act is a start, but clearly it's going to take more than that.

Look on the bright side, they did it to telemarketers (sort of) - with the creation of the National Do Not Call Registry.

Thursday, January 26, 2006

IRS Simplifies Tax Filing Requirements for Small Employers

This sounds like it could be a good thing.

The Internal Revenue Service has announced temporary new rules that will reduce the burden of tax filing on small business owners who usually owe little or no taxes on their quarterly returns.

It is expected that this proposed measure can reduce tax filing burden for nearly 950,000 small business owners by allowing them to file the new Form 944 (Employer’s Annual Federal Tax Return) once a year rather than filing Form 941 (Employer’s Quarterly Federal Tax Return) four times a year.

For those interested in some light reading:

Proposed Regulation
Temporary Regulation

How do you throw in your two cents?

The proposed regulations are open to public comment for 90 days after publication. A public hearing on the regulations has been scheduled for April 26, 2006 at 10 a.m.

Wednesday, January 25, 2006

Va. Mulls Statewide Flat Tax For Communication Services

I love the idea of a flat tax.

Get rid of all of the forms, credits, deductions, fees, etc.


Reduce the time and expense in collecting taxes, and reduce the time and expense in preparing taxes.

Everybody wins, right?

Check out this article that ran in the Washington Post yesterday:

Va. Mulls Statewide Flat Tax For Communication Services

At first glance, I thought this article did support a flat tax plan, after all it is right there in the title!

But after reading more carefully, I think the should change the title to
"Va. lawmakers look for new and creative ways to pull the wool over your eyes"

After all, we are just talking about another consumer tax that comes in flat tax clothing, right?

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Delaware Intercorp, Inc.
113 Barksdale Professional center
Newark, DE 19711-3258

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