SelfInformed

February 2016

  • Administration Proposes 21st Century Retirement System

    Feb 26, 2016

    In November the Administration launched the MyRA retirement tool encouraging individuals to establish retirement accounts, however, President Obama has now focused his attention on small employers (with less than 100 employees) who currently do not offer a retirement plan to their employees.

  • Caring Self-Employment

    Feb 26, 2016

    Ernesto Dominguez is the owner of The Senior Club Professional Advanced Day Care located in Miami, Florida. The Senior Club provides services for the elderly so they have a safe, supportive, cheerful environment where they participate in various care programs and have positive social interaction. Despite two previous senior care facilities failing at the same location, Ernesto and his wife Lizbet opened their business in 2012 and haven’t looked back. Knowing how difficult it was going to be starting a business, Ernesto joined the NASE and quickly put to use the benefits provided. As the business became successful, they applied for and received an NASE Growth Grant so they could expand their business and serve more customers.

  • Converting My Business

    Feb 26, 2016

    Q: I have been in business for about four years and things are going really well. Should I convert my business to an LLC or to a corporation to reduce how much I have to pay in taxes?​ A: Congratulations on your success and keep up the good work. Don’t forget that over 70% of all new jobs in this country come from small business owners just like you, so well done. As your business continues to grow there may very well be good reasons to consider different entity forms but a material reduction in taxes is not one of them.

  • Preparing For Taxes

    Feb 26, 2016

    Most of us associate February with Valentine’s Day flowers, Ground Hog’s Day, or maybe even the birthday month of Abraham Lincoln. But for all of us who are also small business owners it is time to start thinking about that dreaded tax return. And worst of all is the thought that what if that tax return gets audited. It’s a random Saturday morning and the weather is nice. You walk out to the mailbox with your fresh morning coffee almost skipping with a song in your step. Life is good. But then a big white envelope appears with the return address reading…Internal Revenue Service. Suddenly, the Saturday is not so bright and the coffee is not so fresh.

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