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In Response to RE: More change - 1% tax on all bank transactions by LeCherie
When you have to deal with a hundred or more small transactions daily for a small business, it is a big deal. Not only do you have to keep track of the tax you collect, there will be forms required and if it is like most Sales Tax a monthly form and payment. Large companies have no problem they will just pass the cost of accounting on.
Small Businesses are already having to plan on giving out many more of 1099 in 2012 which is going to require keeping track of who you buy supplies from and getting their tax id numbers so you can issue a 1099 at the end of the year.