Self Made: NASE's Blog

Friday, June 29, 2012
Posted by Mike Beene - If I had a frequently asked question file this would be the hot new one: Did the court just hold that for some purposes the penalty for not having insurance is a tax and for some purposes not? The short answer is “yes”. The court’s reasoning is along the following lines in my own words: The most logical reading of the ACA individual mandate is that it is empowered by the commerce clause which gives broad authority to Congress to regulate interstate commerce. However, that reading is unconstitutional because the commerce clause does not extend ...
Monday, June 25, 2012
Posted by Gene Fairbrother (NASE Lead Business Consultant) - I’m sure many of you have received emails from companies advertising how they will sell you leads for new business. While I am not refuting what these folks have to offer, many of you already have some gold sitting in your filing cabinets or on you computer in the form of old sales orders, contact reports, or customer lists. A little prospecting through those old files could payoff in found revenues and add to your bottom line. It's been my experience that after a business responds to an inquiry from potential a ...
Thursday, June 21, 2012
With gas and energy prices hitting highs in the past few months, the self-employed are cutting back their business activity, according to the National Association for the Self-Employed (NASE). Results from a survey of more than 500 NASE members reveal that fifty-three percent said the rise in prices has moderately or significantly hurt their business.  “High gas prices are still hurting the self-employed, many of whom depend on their vehicles to conduct the day-to-day work of their businesses,” said NASE President Kristie L. Arslan. “What the self-employed and micro-businesses (10 or fewer employees) truly need is a retroactive update to ...
Monday, June 18, 2012
Posted by Keith Hall (NASE National Tax Advisor) - I have been fortunate enough over the last 10 years or so to travel all over the United States talking to small-business owners. We have conducted hundreds of seminars and webinars helping thousands of small-business owners with just one more question. We learned that most of the questions fall into one of four categories, Taxes, Access to Credit, Getting more customers, and How can I save on health care. This last group of questions may seem to be the odd man at the table, but the affordability of health care continues ...
Friday, June 15, 2012
Posted by Kristin Oberlander - As the country waits to hear from the Supreme Court for a decision on the constitutionality of the Affordable Care Act, the self-employed are weighing in on the impact of the law on their business. According to a national survey by the National Association for the Self-Employed (NASE), the greatest opposition to the new law among the self-employed is seen among those who are the most familiar with it. Unlike most Americans, the more the self-employed and micro-businesses (10 or less employees) learn about the law, the less likely they are to support it. “Our ...
Thursday, June 14, 2012
Posted by Kristie Arslan - As the country waits to hear from the Supreme Court on the constitutionality of the Affordable Care Act, the self-employed are weighing in now on the impact the law is currently having on their businesses. According to a national survey released by the National Association for the Self-Employed (NASE), while most Americans may be expecting their health care costs to go down under the health care reform law, the self-employed, who are already facing an increase in costs, are bracing for even more. Health care coverage is important to the 22 million self-employed Americans who comprise 78 percent ...
Thursday, June 07, 2012
Posted by Kristin Oberlander - The Government Accountability Office (GAO) announced last week that the Affordable Care Act's tax credit for small businesses was dolefully underused. In fact, only about 17 percent of the businesses that would otherwise be eligible for the maximum tax credit offered health insurance to employees. In addition, 83 percent of claims were for partial credits rather than the full 35 percent available. Republicans seized on the opportunity to paint the health care law, again, as out-of-touch with business and consumer needs. The NASE has been at the forefront in the small business health care debate ...
Tuesday, June 05, 2012
Posted by Kristin Oberlander - The cost of health care has largely stayed the same or gone down, according to a recent survey by Pricewaterhouse Cooper. Sadly, through NASE's research of micro-businesses and the self-employed this has not been the case. In our latest health care survey survey, satisfaction levels among the self-employed continue to be low when talking about insurance cost and affordability. Respondents indicated that the cost of their insurance premiums had risen in the past twelve months, which was less than the increase seen in our 2005 survey, but greater than the increase seen in our 2008 survey. In addition, ...
Thursday, May 31, 2012
Posted by Kristin Oberlander - The NASE recently learned of two new bills that would help individuals who use Health Savings Accounts (HSAs). The two bills are H.R. 5842, "Restoring Access to Medications Act" and H.R. 5858, a bill to improve HSAs. HSAs are tax-preferred accounts which can be utilized with high deductible health plans (HDHP), the typical health insurance plan for America’s smallest businesses - the self-employed. The Restoring Access to Medications Act, H.R. 5842, would repeal the disqualification of over-the-counter medications for use with an HSA or a health flexible spending arrangement (FSA). Current law prohibits over-the-counter medication purchase ...
Tuesday, May 29, 2012
Posted by NASE Business Expert Gene Fairbrother - A basic management tool to keep your finger on the pulse of cash flow is a cash position report. While every business needs to be producing monthly profit and lost statements along with cash flow statements, these reports are monthly pictures while the cash flow report can be created every week or even every day to give you a flash picture of your cash position. Start by setting up a spreadsheet on your computer with the following headings: Month to date, Total Sales, Cash-On-Hand, % of sales, Accounts Receivable,  % of sales, Accounts Payable, % of sales Then, every few ...

 

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Self Made

A blog on the self-employed and micro-business

Meet the NASE Staff Bloggers


Katie Vlietstra - As Vice President for Government Relations and Public Affairs, I work to explain how actions on Capitol Hill can impact the self-employed. I love D.C. and have made my home in Capitol Hill, where I live with my husband and black Labrador, Coltrane. We love playing volleyball and softball on the National Mall. 

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