Self Made: NASE's Blog

Tuesday, February 28, 2012
Posted by Katie Vlietstra -Legislation extending the payroll tax deduction in February included changes to the Self-Employment Assistance (SEA) voluntary program that allows states to pay a self-employment allowance to unemployed individuals who are in the process of establishing businesses and realizing the dream of self-employment. The NASE has previously expressed desire to see these types of programs extended and embraced by all 50 states; currently only Delaware, Maine, New Jersey, New York, Oregon, Pennsylvania, and Washington have adopted SEA programs. The changes in SEA include making available federal financed unemployment benefits to the program, additionally, the bill directs the ...
Friday, February 24, 2012
Posted by Kristin Oberlander - The Help Entrepreneurs Create American Jobs Act of 2012, H.R. 4032, makes permanent the deduction for startups at $10,000. The deduction is set to expire and decrease to $5,000 at the end of the year. The startup deduction provides assistance to those starting their own businesses. The permanent tax deduction serves as a strong incentive for future self-employed individuals who were previously daunted with the upfront expenses associated with starting a business. Please urge your Member of Congress to cosponsor and support H.R. 4032, The Help Entrepreneurs Create American Jobs Act of 2012. Visit the NASE's ...
Wednesday, February 22, 2012
The President’s proposed FY 2013 budget request released last week includes several initiatives of interest to the nation’s 22 million self-employed and at least one of the items on the NASE Self-Employed Agenda. “The President’s FY 2013 Budget is a step in the right direction, but it must be followed by additional concrete steps to address the specific challenges that make it difficult for self-employed people to start and grow businesses,” explained Kristie L. Arslan, president and CEO of the National Association for the Self-Employed. “The President’s budget request falls short on a critical element of the Self-Employed Agenda: the ...
Friday, February 17, 2012
Posted by Katie Vlietstra - Senate and House conference committee members reached a deal on Thursday morning to approve a 10-month extension of the payroll tax deduction, extend unemployment benefits, and halt a significant cut in payments for physicians that treat Medicare patients.  The payroll tax deduction extension equates to an additional $40 per pay period for nearly 170 million American workers.  NASE advocates for the extension stressing the importance of the extension as it would allow for the self-employed to invest in additional supplies, phone lines and online advertising that continue to struggle in this difficult economy. According to the ...
Wednesday, February 15, 2012
Posted by Katie Vlietstra - In a move to alleviate growing concern within the small business community, the IRS announced last week that it would not require reconciliation on the 2012 form nor do they intend to require reconciliation in the future. Popularly dubbed 1099-K, the IRS would have required all business, including sole-proprietors, to reconcile credit card transactions.   The NASE strongly advocated against the 1099-K line as it placed a significant burden on the tax filer and would potentially create an misguided audit target for the IRS. While we are pleased with the announcement, the NASE still supports ...
Tuesday, February 14, 2012
Q: I set up an HRA 105 for my wife, who is employed by me in my home office. My understanding is that both her and my qualified medical expenses from the HRA can be deducted but cannot find a suitable category on TurboTax to enter this amount. Please advise where this amount is entered. A: If I can be so bold, let me change your terminology a bit as it relates to your HRA 105 plan.  You DID NOT set up an HRA 105 plan for your wife, but instead your Company adopted an HRA 105 plan for the benefit ...
Wednesday, February 01, 2012
Representatives Schock (R-Ill.) and Schilling (R-Ill.) are touting legislation that would allow small businesses (C corporations are not eligible) to receive the same tax deduction given to larger corporation for the donation of extra inventory to charity and nonprofits.   Considering that the self-employed and small businesses (499 or less employees) make up 99% of the U.S. business economy, it is yet another glaring example of continued disadvantages faced by the self-employed and small business owners. We applaud Representatives Schock and Schilling in their efforts.  Full text of the legislation can be found here.
Friday, January 27, 2012
Posted by Keith Hall - Are the workers in your business Independent Contractors or are they really Employees, instead?  For most of us it is easier to simply call them independent contractors instead of employees because the presumption is that the paperwork is easier.  No withholding, no payroll taxes, less hassles.  The problem is that the classification of your workers is not a matter of choice.  You can’t just choose for them to be independent contractors because it is easier.  Your worker’s classification is determined by the underlying facts and circumstances of the working relationship with the key point being ...
Thursday, January 26, 2012
Posted by Kristin Oberlander -Politicians are running for office all over America, that much is certain. It's a somewhat quiet week for the Republican candidates for president, since the Flordia primary isn't until next Tuesday, January 31st. The talk this week has been surrounding President Obama's State of the Union address. The NASE weighed in the night of with a response from President and CEO Kristie L. Arlsan and also the next day in a statementby Katie Vlietstra, our Director of Government Affairs. We also noticed one small-business owner that is pressing Republican candidates on their self-employed knowledge. He has several ...

 

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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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