Wise Woman Shining » California http://www.wisewomanshining.com Inspiring Women Business Owners Thu, 29 Jul 2010 19:18:38 +0000 http://wordpress.org/?v=abc en hourly 1 CA Women Entrepreneurs Write Your Legislators! http://www.wisewomanshining.com/ca-women-entrepreneurs-write-your-legislators/ http://www.wisewomanshining.com/ca-women-entrepreneurs-write-your-legislators/#comments Fri, 19 Feb 2010 18:47:42 +0000 caseydawes http://www.wisewomanshining.com/?p=722 During the last NAWBO-Silicon Valley meeting, our Public Policy Director told us about a new plan introduced by California Senate President Pro Tem Darrel Steinberg that will negatively affect all small business owners in California–particularly women business owners. The plan requires all companies employing independent (1099) contractors to withhold 3% of monies paid for work [...]]]> During the last NAWBO-Silicon Valley meeting, our Public Policy Director told us about a new plan introduced by California Senate President Pro Tem Darrel Steinberg that will negatively affect all small business owners in California–particularly women business owners. The plan requires all companies employing independent (1099) contractors to withhold 3% of monies paid for work for the state government. It means if you are a 1099 contractor, you won’t get 3% of your payment until you file taxes the following year.

This will significantly hit women-owned businesses because, in general, women-owned businesses are smaller in size. Not only will you be penalized the 3%, you will need to spend more on bookkeeping and accounting to track off of this information. This proposal simply creates more paperwork and hassle for companies already operating on a shoestring.

Email, call and write a physical letter to ALL your California legislators protesting this unfair law because:

  • It will kill jobs
  • It requires withholding for individuals and companies outside of our legal boundaries
  • Independent contractors already paying quarterly taxes
  • Squeezes finances of already hard-pressed solo-preneurs and other small business owners
  • Doesn’t really generate any new revenue for the state
  • Targets those people already complying with the law and paying taxes
  • Requires state to pay for changes to existing systems
  • Requires small business owners to incur more expense through additional accounting, bookkeeping services and system changes
  • Requires small business owners to do the government’s job at no additional benefit to the state or the small business owner

Act today!

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