President Obama on Thursday signed into law a bill repealing the expanded 1099 reporting requirements from the 2010 health care law. The Senate passed the repeal bill in an 87-12 vote on April 5 after the House passed the bill in March.
Last week, Lavante’s CEO, Joe Flynn, was honored by the Irish Technology Leaders Group (ITLG). It is a well-deserved honor for him as both a technology innovator and as a proud descendant of the Emerald Isle. Joe was just one worthy recipient in the ITLG ceremony, surrounded by a many others who have all descended down from a proud and hard working culture. Lavante thanks the ITLG for creating this award, for shining a well-deserved spotlight on Irish and Irish-American leaders, and for recognizing our fearless leader Joe.
Last week, we announced that Lavante was awarded a new patent by the U.S. Patent and Trademark Office. Patent Number 7,908,188 was awarded on March 15 and covers Lavante’s statement audit processes, technology and software application. This is a huge step for Lavante and a huge step in fundamentally changing the recovery auditing industry.
Today, the Senate passed the House’s 1099 repeal bill, H.R. 4, in an 87-12 vote. The bill will go directly to the White House where President Barack Obama will have the opportunity to sign or veto the bill.