The tax man cometh...

qwerty1500 · 05-15-2010, 09:15 AM

It seems that our auditors were not aware of the new 1099 requirements when we asked a couple of weeks ago. However, we already expect that the new 990 information return requirements for certain non-profits will complicate our accounting procedures and double our tax preparation and audit costs. Now this ... I guess we will see those costs double again?

It appears that accounting, auditing and tax compliance are quickly becoming real growth industries.

BigFrank · 05-15-2010, 11:10 AM

Quote:

Originally Posted by qwerty1500

It appears that accounting, auditing and tax compliance are quickly becoming real growth industries.

Sad when owing the government money has become an industry itself.

05-15-2010, 09:15 AM	#1
qwerty1500 Good thing I'm normal Join Date: Oct 2008 Location: One Particular Harbor Posts: 607 Trading: (0)	Re: The tax man cometh... It seems that our auditors were not aware of the new 1099 requirements when we asked a couple of weeks ago. However, we already expect that the new 990 information return requirements for certain non-profits will complicate our accounting procedures and double our tax preparation and audit costs. Now this ... I guess we will see those costs double again? It appears that accounting, auditing and tax compliance are quickly becoming real growth industries.