Self Made: NASE's Blog

Friday, May 18, 2012
The White House this week released a report entitled: Moving America's Small Businesses & Entrepreneurs Forward. The SBA describes it as a comprehensive look at what investments the Obama Administration has made to keep small businesses moving forward. The President has signed in to law 18 tax cuts that directly help small businesses. This includes new tax credits for hiring unemployed workers and veterans, and allowing small businesses to write off the full cost of new investments in things like new machines and computers against last year’s taxes.    Supporting nearly $80 billion in loans to more than 150,000 small ...
Wednesday, May 16, 2012
About the author:  Andrew Rachmell is co-founder and VP of Business Development of peerbackers.com, a crowdfunding web site dedicated to helping entrepreneurs raise capital to start or grow their business.  The site has been featured in the Wall Street Journal, Entrepreneur magazine, Inc. magazine, Reuters, The Huffington Post and other business publications, as well as on MSNBC. So you have an idea to expand your business but you’re not sure where to get the money.   You would rather not take a cash advance on your credit card and pay high interest, and your local banks don’t cater to small ...
Tuesday, May 15, 2012
Question: Our small business consists of myself and my wife, doing copyediting and proofreading.  As such we don't really have much occasion to "entertain" customers, as nearly all our work consists of receiveing electronic files or hard copy and doing what we do and sending it off, often to other states.  But if we go out to dinner once a month and discuss business, such as planning, projects, office organization, etc, can we deduct that as a business meal? Answer: The easy answer to your question is absolutely YES, those business meals will be deductible.  The key point is whether ...
Friday, May 11, 2012
Posted by Katie Vlietstra - Calls by advocates and organizations for Congress to begin work on comprehensive tax reform, individual and corporate, have been tempered thus far; however, in the last two weeks a growing number of groups have voiced alarm that neither the Senate or House have indicated when they will begin work on what could be the largest piece of legislation in the second session of the 112th.   On April 24th, the House Ways and Means Subcommittee on Select Revenues Measures held a hearing on tax cuts that either expired in 2011 or will expire 2012; unfortunately, ...
Wednesday, April 25, 2012
Posted by Katie Vlietstra - The continued back and forth between the Senate and House on legislation aimed and helping the self-employed and small business community has resulted in possible bipartisan collaborations. In addition, recent statements in the press have indicated interest in moving a large package that would group together several bipartisan pieces of legislation, including tax credits for reinvestment and hiring of employees in advance of the November election.  The NASE believes this would be a natural vehicle to attach the Small Business Tax Extenders bill to, allowing for a diverse, powerful piece of legislation that would speak directly ...
Friday, April 13, 2012
Tuesday, April 10, 2012
Posted by Keith Hall (NASE National Tax Advisor) - For most of us tax time is not the most rewarding time of the year and is typically ranked right up there with visiting the dentist. Statistics would indicate that our commitment to flossing is only evident in the few weeks right before that dentist appointment. And likewise our commitment to tax planning is most likely limited to the few weeks right before the return is due. Unfortunately, in both cases, by that time it is already too late to make any real difference.    Most tax planning strategies end with the ...
Tuesday, April 03, 2012
Posted by Keith Hall (NASE National Tax Advisor) - The New Jobs Report for last month indicated that 227,000 new jobs were created in February which is certainly better than a punch on the nose. Regardless of which way you lean politically, your party will agree that approximately 70 percent of those jobs were created by small business owners. Small businesses just like yours. But it gets better. According to the “Kauffman Index of Entrepreneurial Activity” there were an estimated 543,000 new businesses created every month during 2011. That was not a typo: 543,000 new businesses every single month or ...
Friday, March 30, 2012
Posted by Mike Beene (NASE General Counsel) One question: If the individual mandate is unconstitutional does the entire law fail?  The court will look to Congressional intent and will frankly have a wide degree of latitude. One hint of Congressional intent might be the failure of the statute to contain a “savings clause” which is typically found in a statute and says essentially that if a portion of a law is found unconstitutional, the remainder of the law stands. Some claim the lack of such a clause was just an oversight. Others say it demonstrates the clear intent of Congress ...

 

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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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