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<title>Haaze.com / bradykaaba / All</title>
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<pubDate>Tue, 25 Jan 2011 08:10:45 +0000</pubDate>
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<title><![CDATA[Obama calls for more federal spending on clean energy, IT]]></title>
<link>http://www.haaze.com/story.php?title=obama-calls-for-more-federal-spending-on-clean-energy-it</link>
<comments>http://www.haaze.com/story.php?title=obama-calls-for-more-federal-spending-on-clean-energy-it</comments>
<pubDate>Tue, 25 Jan 2011 08:10:45 +0000</pubDate>
<dc:creator>bradykaaba</dc:creator>
<category>Politics</category>
<guid>http://www.haaze.com/story.php?title=obama-calls-for-more-federal-spending-on-clean-energy-it</guid>
<description><![CDATA[President Obama this evening will call for a wealth of new federal spending on biomedical research, information technology, and clean energy technology, saying that now is the time to open the taxpayers' purse to new projects&quot;This is our generation's Sputnik moment,&quot; Obama will say, according to a copy of his prepared remarks for his State of the Union speech. (Our sister site CBSNews.com is streaming it live.)President Obama calls for more tax dollars to be spent on on clean energy, IT, while Republicans say spending must be reduced.While offering a nod to free enterprise, saying that the United States is the nation that created &quot;Google and Facebook,&quot; Obama will say that taxpayer funds were responsible for much of this innovation. &quot;That's what planted the seeds for the Internet -- that's what helped make possible things like computer chips and GPS.&quot;To help pay for this spending increase, Obama will say, &quot;I'm asking Congress to eliminate the billions in taxpayer dollars we currently give to oil companies.&quot;One anti-petrol advocacy group estimated the 2009 subsidies at $52 billion. A 2001 report by the free-market Cato Institute, however, says that if you take into account taxes and regulatory costs, oil companies likely pay &quot;their fair share of the environmental and national defense costs they impose on society.&quot;Obama also pointed to regulatory efforts to encourage the development of high-speed wireless coverage. &quot;This isn't just about a faster Internet and fewer dropped calls,&quot; he said. &quot;It's about connecting every part of America to the digital age.&quot;Another intriguing idea, which could lead to more attention being paid to e-government projects: &quot;My administration will develop a proposal to merge, consolidate, and reorganize the federal government in a way that best serves the goal of a more competitive America.&quot;Absent from the speech, however, was any mention of Net neutrality, which the Federal Communications Commission enacted on a 3-2 party line vote and which senior members of the new House Republican majority have vowed to overturn.The Republican response, scheduled to be delivered by Rep. Paul Ryan of Wisconsin, the chairman of the House Budget committee, makes precisely that point.&quot;A few years ago, reducing spending was important,&quot; Ryan will say. &quot;Today, it's imperative...We face a crushing burden of debt. The debt will soon eclipse our entire economy, and grow to catastrophic levels in the years ahead...Our debt is out of control. What was a fiscal challenge is now a fiscal crisis.&quot;<br/><br/>0 Vote(s) ]]></description>
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<title><![CDATA[Ask the accountant: Do I have to send form 1099s]]></title>
<link>http://www.haaze.com/story.php?title=ask-the-accountant-do-i-have-to-send-form-1099s</link>
<comments>http://www.haaze.com/story.php?title=ask-the-accountant-do-i-have-to-send-form-1099s</comments>
<pubDate>Mon, 30 Nov -001 00:00:00 +0000</pubDate>
<dc:creator>bradykaaba</dc:creator>
<category>Latest News</category>
<guid>http://www.haaze.com/story.php?title=ask-the-accountant-do-i-have-to-send-form-1099s</guid>
<description><![CDATA[This series is brought to you by TurboTax Home &amp;amp' Business Edition &amp;8211' Guides You to Your Biggest Tax Refund.  As always, VentureBeat is adamant about maintaining editorial objectivity. TurboTax had no involvement in the content of this post.This week&amp;'s tax question:My business had subcontracted employees and paid them through their own LLCs. Do I need to provide them with Form 1099sWe passed the question on to Betty Kayton, who assists startup firms and entrepreneurs with financial, human resources and tax matters until these firms are ready to hire a full-time chief financial officer. She submitted this answer to VentureBeat:There are a lot of misconceptions about 1099 forms. Ia4a4ll try to address the main issues here through a list of frequently asked questions.Who needs to get 1099You must send a 1099 form to anyone that you pay money to, unless they meet one or more of the following exceptions:So what are some examples of things that need a 1099Anything not excluded the above list. Examples include: legal fees, marketing consultants, outsourced programmers, interest paid to lenders, rent paid to landlords, and public relations fees. There are some real surprises lurking around a4Awho is a corporationa4. For example, few people know that AWS (Amazon Web Services LLC) isna4a4t a corporation' so if you paid AWS more than $600 during 2010, you need to send them a 1099 form. Likewise, 37 Signals, a major provider of Web-based software to many startups and other companies, is an LLC. On the other hand, some law firms are corporations (and thus dona4a4t need a 1099).This sounds impossible to deal with. How am I supposed to know who is a corporation My Magic 8-Ball and Oujia board are both packed away in the attic.You dona4a4t need to guess. The easiest way to gather the needed information is to always get every new vendor to provide you with a W-9 form (or, if they are a non-USA entity, a W-8BEN form). This form has their correct legal name, their type of entity (corporation, partnership, etc), their address, and their tax ID number. With this information, you can prepare their 1099 form. When you enter the vendor into your computer system, be sure to include its correct legal name (a4AAmazon Web Services, LLCa4), not a nickname like a4AAWSa4 or a4AAmazona4, and input the tax ID number into the appropriate field in your accounting system.The deadline for 1099s was January 31. Ita4a4s the middle of February, and I didna4a4t take care of this stuff yet. What do I doThe forms arena4a4t due to the IRS until February 28. So just crank out the forms as quickly as you can, and mail them before February 28. Ita4a4s a good idea to mail the black copies of the forms to the service providers ASAP, and then wait a week or two (but not after February 28) so the service providers can tell you about any mistakes. And then you can fix the mistakes before sending the red copies to the IRS on February 28.Do subcontracted employees get 1099s&amp;''Subcontracted employees&amp;'' is a dangerous choice of words. Workers are either consultants (on form 1099) or employees (on form W-2). There is no such thing as a &amp;''1099 for an employee.&amp;'' But that&amp;'s the topic for another column.Disclaimer: This a4AAsk the accountanta4 article discusses general legal, tax and financial issues, but it does not constitute legal, tax or financial advice in any respect. No reader should act or refrain from acting on the basis of any information presented herein without seeking the advice of appropriate professionals in the relevant jurisdiction. VentureBeat, the author and the authora4a4s firm expressly disclaim all liability in respect of any actions taken or not taken based on any contents of this post.From now through April 15, VentureBeat will be taking your tax and accounting questions and getting you expert answers. You can send us a question by email, leave one in the comments below, or reach us by Twitter or on Facebook or Quora.Next Story: Internet Explorer 9 comes out of beta Previous Story: Dave McClure&amp;'s 500 Startups opens an incubatorPrintEmailTwitterFacebookGoogle BuzzLinkedIn      DiggStumbleUponRedditDeliciousGoogleMore&amp;8230'          Tags: 1099, ask the accountant, contractors, finance, Form 1099, taxes          Tags: 1099, ask the accountant, contractors, finance, Form 1099, taxes Have news to share Launching a startup Email: tips@venturebeat.comVentureBeat has new weekly email newsletters.  Stay on top of the news, and don't miss a beat.<br/><br/>0 Vote(s) ]]></description>
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