Self Made: NASE's Blog

Wednesday, March 28, 2012
Posted by Mike Beene (NASE General Council) - Finally, after over two years of speculation on the Supreme Court reaction to the Affordable Care Act (ACA), we are in for another few months of prognostication as people try to read something into every nod, scowl and blink of each Justice. Only the expected summer ruling will slow this parade. Under the theory that the issues upon the Court requests argument mean something to their decision, let’s jump on the bandwagon, if only slightly. First question: Does the Anti-Injunction Act prevent the court from hearing the case at this time?   ...
Tuesday, March 27, 2012
Posted by Keith Hall (NASE National Tax Advisor) - Well, it seems like it’s that time again, when Congress considers taking away some of the tax benefits that small business owners have come to count on.  The stories of debates and concessions compromises don’t always make the headlines on CNN but they affect all of the small business owners who are out there every day trying their best to create jobs.  As always, we need to make our voices heard.   Throughout this critical election year, our Congressional representatives will be debating things like accelerated depreciation, the deductibility of start ...
Monday, March 19, 2012
Danielle Rodabaugh is the chief editor of the Surety Bonds Insider, a publication that tracks developments that affect the surety industry. The Surety Bonds Insider is produced by SuretyBonds.com. As a member of the company's educational outreach team, Danielle also writes informational articles to help self-employed business owners better understand the legal intricacies involved with bonding. Starting and managing a business for the first time can be intimidating for anybody. Fortunately, self-employed business owners can expand the opportunity for success when they understand the legal implications that could affect their start-ups. Even though surety bonds are prerequisites for many license ...
Monday, March 19, 2012
Posted by Keith Hall (NASE National Tax Advisor) - There are a great many horror shows that keep us up at night wondering if anything or anyone might be hiding under the bed. Psycho, Friday the 13th, Nightmare on Elm Street, you name it! Most of us know that these stories are not real, yet our hearts beat faster and our sleep comes slower just thinking of them. Perhaps none of these classics can accelerate heartbeats nor steal as much sleep as a small business owner’s fear of an IRS audit. The overall chances of being audited in any one year ...
Thursday, March 15, 2012
Tuesday, March 13, 2012
Posted by Kristie Arslan - It has become a time-honored tradition for politicians to claim they're looking out for "Main Street, not Wall Street." Capitol Hill is littered with proposals that are supposed to help small businesses compete in the marketplace and the Obama Administration has made this kind of messaging a key plank in their platform. As is often the case, the truth is not always what it may seem. While there are many proposals before Congress that will specifically address key challenges facing entrepreneurs contemplating or already running businesses, many of these efforts fall short of real help for ...
Monday, March 12, 2012
Posted by Keith Hall (NASE National Tax Advisor) - You may be one of millions of small business owners who have received a new form from who knows where, called a Form 1099-K.  This is a brand new form required of credit card processing companies, or payment settlement entities (PSEs) as the IRS refers to them, to report the total amount of credit card charges that have been completed by your business.  The real question is what to do with these forms?  We all know that the forms 1099 that we get are included as taxable income on our tax returns, ...
Friday, March 09, 2012
Posted by Molly Nelson - Should you be looking for an apprentice to work with you in your business? Are you (and your clients) disrespectful of your personal time? What's the deal with "user entrepreneurs"? Read these articles to learn more.  The Return of the Apprentice - Inc. "Instead of college, German students enter training and apprenticeship programs—many of which begin during high school. By the time they finish, they have had a far better practical education than most American students—equivalent to an American technical degree—and, as a result, they have an easier time entering the work force." Also of ...
Monday, March 05, 2012
Posted by Keith Hall (NASE National Tax Advisor) -  We finally got some answers out of Washington, D.C. Well, at least one answer that is. Congress finally voted to extend the two percent payroll tax reduction past February 29th and through the end of the year. Even though they waited until the last minute and kept all of us guessing, the extension is welcome news and on behalf of all 22 million of us self employed business owners I say, “Thank you”. For the self-employed business owner this extension means that our Self Employment Tax will remain at 13.3% of net ...
Thursday, March 01, 2012
Q: What do I list my NASE membership dues under on my tax return? A: The best place to include business association or other deductible dues is on Line 27 of your Schedule C, Other Expenses.  You can include a specific description such as Business Association Dues, on line 48 in Part V on page 2 of the Schedule C.

 

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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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