On or about August 25, 2010, Santa Barbara County Housing and Community Development will submit a request to HUD for the release of Community Development Block Grant (CDBG) funds under Title I of the Housing and Community Development Act of 1974, as amended, to undertake a project known as New Cuyama Recreation Center Rehabilitation, utilizing […]
Archive for the ‘BN News’ Category
COGS or Cost of Goods Sold
Posted by admin on July 15th, 2010
If your business manufactures products or purchases them for resale, you generally must value inventory at the beginning and end of each tax year to determine your cost of goods sold. Some of your expenses may be included in figuring the cost of goods sold. Cost of goods sold is deducted from your gross receipts […]
New Outlandish 1099 Laws for 2011
Posted by admin on June 30th, 2010
Get your pen and pad of paper ready, 1099 paper that is. As part of the newly enacted Patient Protection and Affordable Care Act signed into law March 23, 2010, by President Obama, businesses will be required to report payments over $600 per year of goods or services made to anyone, including corporations, except entities […]