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Dec 18, 2016
This was an uncertain year for small business owners, much of it centered around the presidential election. Since then, the NFIB Small Business Optimism is up and Donald Trump has nominated WWE co-founder Linda McMahon to be the new SBA chief. We talk to Dennis Bradford with the Trump/Pence Small Business Advisory Council and Katie Vlietstra with the National Association for the Self-Employed about the state of small business in 2017.
Dec 07, 2016
McMahon, 68, a co-founder and former chief executive of World Wrestling Entertainment, was one of Trump’s early backers and contributed more than $6.5 million to support his campaign. She and Trump have had business ties for decades, dating to the late 1980s when WWE, then known as the World Wrestling Federation, held WrestleMania, an annual pay-per-view event, at Trump Plaza in Atlantic City.
Nov 23, 2016
A federal judge in Texas on Tuesday blocked a U.S. Department of Labor rule extending overtime pay to roughly 5 million workers nationwide. The President Barack Obama-backed rule had been scheduled to take effect Dec. 1, and many employers nationwide, including many in the Triad, had changed or made plans to change the way they pay workers to meet the rule's requirements.
Oct 27, 2016
Tony Albano works as a comedy magician in South Florida, but he’s not finding much to laugh about as his Obamacare health plan pulls a disappearing act for 2017.
His current plan goes away in two months because insurer Coventry and parent Aetna Inc. are fleeing public exchanges, claiming losses are too high. That leaves him scrambling to figure out what to do next as open enrollment begins Nov. 1.
Oct 25, 2016
Surging costs for health insurance have gotten the attention of the National Association for the Self Employed (NASE). The group added its voice Tuesday to the chorus criticizing the Obama administration and the Affordable Care Act.
The new wave of criticism comes as the administration announced that premiums for mid-range-silver plans would rise by an average of 25 percent. Those on the act’s exchange program will also have less options than in the past as some companies have dropped out of the program.
Oct 03, 2016
A few months ago, we had the opportunity to meet with Colorado women who own successful small businesses in El Paso County. Small businesses, the drivers of our economy, make up almost 98 percent of employers in Colorado. One study ranked Colorado Springs as the best city for women-owned business in the state. Another study placed Boulder, Fort Collins and Denver on a top ten list of cities in the country for business owners. We are proud of Colorado's status as an ideal place to start and grow a small business, but we also heard first-hand from these women and entrepreneurs across the state about the challenges they face. While they are working to create jobs and build our innovation economy, it's Congress's job to make sure that both owners and their employees have access to the resources they need to succeed.
Aug 23, 2016
The National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for self-employed and micro-businesses, today voiced its strong support for a set of new small business tax proposals released by the Hillary Clinton presidential campaign. Specifically, the small business standard business deduction will go a long way in reducing the complexities small businesses face in completing their tax returns.
Jul 15, 2016
With the Department of Labor Overtime Rule scheduled to go in effect December 1, 2016, a new bill was recently introduced in Congress to slow down the ruling announced in May. Four House Democrats - Reps. Kurt Schrader, Oregon; Jim Cooper, Tennessee; Henry Cuellar, Texas; and Collin Peterson, Minnesota - introduced The Overtime Reform and Enhancement Act, which gives small businesses, non profits and universities more time to comply with the final overtime rule.
Jun 28, 2016
Many don't see themselves as small business owners and aren't ready to deal with one of the great two certainties in life: taxes. In the “gig economy,” millions of people provide services and resources using online platforms. Get on the right software, pay the going rate, and you can find a bed in Tuscaloosa, get a ride in Piedmont, have your screen door repaired in Scranton, and wait for dinner to be delivered to your door in Walla Walla.
May 23, 2016
The IRS has been so slow to adapt to the rapidly emerging peer-to-peer economy that billions of dollars in taxable income a year are probably going unreported every year, according to a study being delivered to Congress this week.
May 13, 2016
For even the most diligent bootstrappers, the costs associated with starting a business can be intimidating. But there's at least one simple way to cut down on costs: by running your business from home.
The majority of business owners (69 percent) start their businesses at home, according to a 2012 report from the Global Entrepreneurship Monitor Report.
Mar 02, 2016
Two newspapers accepted and published an NASE op-ed on the importance of small businesses having access to Health Reimbursement Arrangements (HRAs). The NASE has been leading the charge for legislative action to reverse an IRS interpretation of how HRAs can be utilized under the Affordable Care Act.
Feb 24, 2016
This tax season, self-employed business owners and contract workers have a slew of potential deductions that could put a significant dent in their tax bill. But oftentimes these substantial write-offs are overlooked.
Feb 05, 2016
George Banyas is self-employed, having run a successful optometry business in Richland for the past 15 years. He and his wife have two children, both in their early 20s and attending college.
While his business has afforded his family a stable living, it also has left him ineligible for a health insurance subsidy under the Affordable Care Act. And Mr. Banyas is increasingly worried about the rising cost of insuring his family of four.
The Affordable Care Act, he said, is looking increasingly unaffordable for him.
Dec 23, 2015
Employee retention is perhaps one of the biggest challenges many businesses face today, and often keeping your best employees is about more than just paying them well. Many people are also looking to their employers for affordable healthcare coverage, but for small business owners the cost of offering group health insurance can be crippling. Rather than risk losing your employees to competitors who offer benefits, many companies allow employees to go out and shop for individual insurance plans, then provide reimbursement to help cover the monthly premiums and other health care costs.