As a business owner for more than 20 years, I know firsthand that excessive tax paperwork and compliance matters are already major expenses to our small businesses. And the new reporting requirements included in the health care law will substantially increase those costs. These new requirements impose yet another burden on small businesses forcing them to devote more resources to filing taxes instead of going out and doing what they do best, which is to create jobs.
Editor's note · Context
The speaker addresses the impact of new tax reporting requirements on small businesses.
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