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Never Too Early to Prepare for 2012 Tax Season

Monday, February 25, 2013


FOR IMMEDIATE RELEASE

Monday, February 25, 2013

CONTACT: Kristofer Eisenla, Luna Eisenla Media

kristofer@eisenlamedia.com | 202-670-5747 (mobile)

Never Too Early to Prepare for 2012 Tax Season

 With Changes to the 2012 Tax Code, the National Association for the Self-Employed Launches Initiative to Offer Assistance & Resources for Filing Returns

WASHINGTON — As millions of Americans begin to prepare their 2012 tax returns, the National Association for the Self-Employed (NASE), the nation's leading resource for the self-employed and micro-businesses, today launched a public awareness initiative designed to alert the public, the self-employed and micro-businesses nationwide of this year’s changes to the tax code. To ensure the public and America’s smallest businesses file accurate and beneficial returns for 2012, the NASE is offering tax advice, assistance and resources.

“Tax season can be a stressful time for anyone, but it is extremely painstaking for the millions of small businesses who must navigate through a myriad of changes to the tax code and hidden deductions,” said Kristie Arslan, President and CEO of NASE. “The good news is you don’t have to go it alone. The NASE is here to help and is offering a wide variety of assistance and resources to its members and the public. We want to help America’s smallest businesses file returns that are not only accurate, but also maximize their tax savings. This is critical to the small-business community to help our businesses grow, which in turn helps rebuild our national economy.”

Some of the changes to the 2012 tax filing season include:

  • A two-percent increase in the payroll tax rate, which also impacts the self-employment tax rate, because of the expiration of a temporary reduction in Social Security payroll taxes
  • The standard mileage rate for business use of an automobile has changed from 2011 rates to 55.5 cents per mile for 2012 (and 56.5 cents for 2013)
  • Limits for retirement plan contributions such as IRAs and 401(k) plan have increased

 “By organizing your documents and starting early, you can better prepare yourself in filing your tax returns,” said Keith Hall, NASE National Tax Advisor. “In addition to this year’s changes to the tax code, small business owners should also remember often-overlooked deductions such as the business use of their vehicle, the existing home-office tax deduction and investing in their own future with a tax deductible retirement plan contribution.”

Over the next month leading up to Tax Day, the NASE will release a variety of tax tips to help the public better prepare their 2012 returns. Beginning March 4th, a new tax tip will be posted weekly on the NASE website. The NASE will also make their tax experts available through numerous tax webinar sessions designed to help the public. Each webinar is live with one of the NASE’s tax experts and allows participants to submit questions to be answered live on the webinar by the expert.

The following webinar options include:

  • Critical Tax Questions for the Self-Employed
  • Audit-Proof Your Tax Return
  • Maximize Your Tax Savings
  • 2012 Taxes Combined Time-Saver Webinar

Click here to learn more or sign up for one of NASE’s webinars

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The National Association for the Self-Employed (NASE) is the nation's leading resource for the self-employed and micro-businesses, bringing a broad range of benefits to help entrepreneurs succeed and to drive the continued growth of this vital segment of the American economy. The NASE is a 501(c) (6) nonprofit organization and provides big-business advantages to hundreds of thousands of micro-businesses across the United States. For more information, visit the association's website at NASE.org



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