SelfInformed

January 2014

  • Tax Season is Here! Are You Ready?

    Jan 27, 2014

    Now that the holidays are over, the real “wonderful time of the year” begins for small business owners: Tax season! As usual, the U.S. tax code is full of changes this year. For starters, entrepreneurs face a new landscape of tax rates for higher income individuals: a 39.6 percent income tax rate, a 20 percent maximum tax rate on capital gains and dividends, a 3.8 percent net investment income tax and a 0.9 percent Medicare compensation surtax. New as well are requirements and opportunities surrounding the tax treatment of repairs, improvements, acquisition costs and other common business expenses.

  • Ask The Experts: Canceled Health Insurance

    Jan 27, 2014

    Q: My health insurance plan was just canceled. My business is too small for group insurance. My insurance increased from a good PPO policy with a rate of $300 per month and a $1,000 deductible to a similar policy at $1,250 per month and a $10,000 deductible. I’m leery of giving my information to the new Health Care Exchange. I can’t believe I’m going to have to pay more for my monthly health coverage than my mortgage. What is NASE doing about health insurance?

  • Answering the Call to Help Others

    Jan 27, 2014

    Q: What inspired you to enter the field you are in? My main inspiration for doing the work I do is because I’ve done my own healing work and know the profound impact it has had on my life. So I want to offer that to others. I also believe that being a therapist is my calling; it’s what I’m meant to be doing with my life.

  • Happy New Year! YOU GET TO PAY MORE TAXES

    Jan 27, 2014

    Individuals and families will see a little less in their paychecks starting January 1, 2014 – wage earners and self-employed individuals who make more than $200,000 (individual) and $250,000 (couple) will be assessed an additional 0.9 percent Medicare surtax on top of the existing 1.45% Medicare payroll tax as well as a 3.8% Medicare tax on unearned income ((investment dividends, rental income, interest and capital gains on property).