Press Releases

Tax Resource Center: Interactive Tax Calculators, Schedule C Planning Tool And More

NASE Web Site Streamlines Filing Process For Micro-Businesses

Washington, D.C., March 15, 2009 – With about six weeks left to go before Tax Day, many entrepreneurs are in the thick of working to meet the April 15th tax deadline. Micro-businesses – those with 10 or fewer employees – routinely rely on timesaving tax assistance provided by the National Association for the Self-Employed (NASE) through the online Q &A TaxTalk program. Now, the NASE’s new Tax Resource Center makes it less complicated for businesses to file their return with easy-to-use tools that are written in plain English.

Each year, small-business owners spend countless hours working through their forms and calculations. In a recent online chat hosted by The Washington Post, NASE National Tax Advisor Keith Hall suggested filers refer to the Tax Resource Center and IRS.gov for information about tax deductions they may have overlooked.

“Perhaps the most common one is the home office deduction. It is easy to miss deductions for a home office since the expenses don't show up in the business checkbook. Check out IRS Pub 587 for more detail. One other deduction to keep in mind is available options for retirement planning, IRAs, SEPs, etc. No one will remind you to invest in your own future, so don't forget,” said Hall.

At the Tax Resource Center, micro-business owners can find the following information:

• Resources – Learn more about the NASE’s Quick Tax Calculators, Schedule C Planning Tool and Interactive Tax Calendar.
• NASE TaxTalk – Submit a tax question online and get knowledgeable answers from Keith Hall and other qualified Certified Public Accountants. While there, sign up for an NASE TaxTalk Seminar, which offers close access to a CPA specializing in tax issues affecting the self-employed.
• Home Office Central – Find helpful how-to articles to make the most of a home-based business.
• Find A Professional – Locate a Certified Public Accountant through the American Institute of Certified Public Accountants.
• NASE Media – Watch or download tax advice from Keith Hall and browse the TaxTalk resource library.