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Washington Watch - March 11, 2009


NASE Web Site Streamlines Filing Process For Micro-Businesses
With a few 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 NASE through the online Q & A TaxTalk program. Now, the new Tax Resource Center makes it less complicated for businesses to file their return with easy-to-understand tools and calculators.

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.

At tax.NASE.org, micro-business owners can find the following information and more:

— 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.

— Find A Professional
– Locate a Certified Public Accountant through the American Institute of
Certified Public Accountants.

 


Premium Costs A Barrier To Insurance For Micro-Business
High health insurance premiums and other health care costs are forcing many small businesses owners to go without health insurance. In a recent online poll by the NASE, a quarter of respondents were currently uninsured, and almost three-quarters of respondents (71 percent) have been uninsured at some time.

Cost seems to be the main barrier to insurance for the self-employed and micro-business owners, with 29 percent of currently uninsured respondents citing “cost/affordability” as the main reason they were without health insurance. Forty-four percent of respondents indicated that the main reason they had been uninsured at some point in time was because they were unable to afford premium costs.

Close to half of survey respondents (41 percent) indicated that they would be most encouraged to purchase health insurance if insurance premium costs became more affordable. Eleven percent of respondents also indicated that they would be more likely to purchase health insurance if they could obtain insurance regardless of health status.

Click here for the full survey results.

 


Advice Corner: Taxes, Breakfast And Networking
When it comes to navigating business taxes, micro-business owners need easy-to-understand, reliable resources that can help them file. Following the success of the Tax Seminars with National Tax Advisor Keith Hall in 2007 and 2008, the NASE is traveling to seven cities across the country this March to share micro-business tax strategies and to bring together fellow NASE Members.

Topics include finding hidden deductions, employing a spouse or child, learning tax changes for 2008 and more.

Join the NASE for a networking breakfast, and learn valuable tax strategies before filing. This small-group, two-hour seminar offers close access to a CPA specializing in taxes affecting the self-employed.

Enjoy breakfast and networking with fellow micro-business owners in these cities:

  • Monday, March 16: Boston, Mass.
  • Wednesday, March 18: Minneapolis, Minn. 
  • Thursday, March 19: Pittsburgh, Pa. 
  • Friday, March 20: Arlington, Va. 
  • Monday, March 23: Oakland, Calif. 
  • Tuesday, March 24: Denver, Colo. 
  • Friday, March 27: San Marcos, Texas

 




Lawmakers and media outlets across the country rely on and regularly cite the NASE as a source of small and micro-business expertise. Help the NASE make sure the micro-business perspective is heard by taking this month’s poll.

Click here to log-in and participate



Washington Watch Online
Visit NASE Advocacy to view archived editions of Washington Watch. While you’re there, read the latest updates from the Washington, D.C. office, write your Congressperson, and find out how you can join the fight for micro-business.


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