A class-action settlement reached in July 2012 will now allow retailers to charge their customers more for paying with a credit or debit card.
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Starting with the 2011 tax year, all payment providers were to issue the 1099-K forms to businesses and to the IRS. The 1099-K forms indicated gross sales processed through the payment provider.
Small business owners have many aspects of their business to oversee and manage every day. Many ignore or don’t think about their business credit score, making the mistake of thinking it is not important.
The economy is still in constraint and the CPA firms are supposed to go through a flat season throughout 2012. There aren’t going to be any positive or negative outlook for the majority of the firms, as per reports. But, the question is what after this?
If you haven’t been keeping up with cell phone credit card processing and current merchant account news relative to mobile and tablet shopping, it’s all good.
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