Friday, November 11, 2022

Recycling plastic isn't a panacea - btbirkett@gmail.com - Gmail

Recycling plastic isn't a panacea - btbirkett@gmail.com - Gmail

We all know virgin plastics contain additives that have been linked to cancer, issues with brain function and a range of hormone-related effects like infertility and early puberty. 

The issue with recycling is that that melting together different plastics can multiply the additives -- and their potential health hazards. 

study published in the Journal of Hazardous Materials earlier this year found more of the offending additives leach from recycled PET bottles into their contents than from virgin plastic ones.

The recycled plastic may become tainted by chemicals when it’s collected and sorted, the researchers said, but it’s still unclear exactly how the contamination happens.

Switching to another material carries pitfalls, too. Flogging more pop in glass bottles may increase drinks’ companies’ carbon footprint, for example. That’s why the hunt for new plastics substitutes is so important.

Tuesday, November 8, 2022

Zelle Becomes Loophole for Businesses to Avoid IRS Venmo Tax - Bloomberg

Zelle Becomes Loophole for Businesses to Avoid IRS Venmo Tax - Bloomberg

...He’s referring to an IRS rule change that came into effect on Jan. 1, 2022, requiring third-party payment processors such as Venmo and PayPal to issue 1099-K forms to any users who receive more than $600 in payments via their apps and also file them directly with the IRS. Previously, Venmo and other apps issued 1099-Ks only for customers with gross payments exceeding $20,000 who’d made more than 200 such transactions. But small businesses nationwide have found a loophole: Zelle. Zelle says the new rule doesn’t apply to it, a bank-to-bank payment service, because it’s a network that doesn’t hold funds.