Self Made: NASE's Blog

Tuesday, September 13, 2011
Posted by Sung Yoo – This week has been a noteworthy one for small businesses and the self-employed, having being featured prominently in President Obama’s jobs speech last week. Here are some news articles I read about small businesses that I wanted to share with y’all. Feel free to email us at media@nase.org with link suggestions and I’d be happy to add ‘em. Enjoy! Small Business and the Simple Math of Job Creation 9/11 memorial owes elegance to small business Are We on the Verge of a Small-Business Hiring Boom? IBM offers up to $1B in SMB technology financing How ...
Tuesday, September 13, 2011
Q: We own a small restaurant and I am unsure how to account for tips which the staff declares in the Point of Sales System at the end of the day.  How do I deal with the tips per pay period? For example, we have two GMs/bartenders who each make $250 a week (no hourly). I have figured out how to deal with payroll taxes on this set amount, but how do I account for the tips that they get on credit cards?   A: Your question is a very good one and one that I personally always thought was ...
Tuesday, September 13, 2011
Posted by Sung Yoo – On September 8th, the U.S. House Committee on Small Business held a hearing to discuss meeting the workforce needs of small businesses, in particular the role of industry-led certification programs pushed by manufacturing and technology groups. According to Chairman Sam Graves (R-Mo.), although the economy remains in a recession and more than 14 million Americans are without jobs, many small businesses are reporting difficulty finding new workers with the knowledge and skills necessary for even entry-level positions. He added that more than 33 percent of small firms report vacancies that remain unfilled due to the ...
Friday, September 09, 2011
Posted by Sung Yoo - President Obama has outlined a plan in yesterday’s speech that offers positive benefits for small-business owners. These include tax cuts for small businesses that hire new workers or raise worker’s wages, 50% lower payroll taxes in the next year, faster payment for small businesses that contract with the federal government and the reduction of red tape that prevents startups from raising capital and going public. A full transcript of the address can be found here. Though details of the American Jobs Act - as President Obama’s plan is called - are still forthcoming, the speech ...
Wednesday, August 31, 2011
Q: I am doing my 2010 taxes and told my tax preparer about the one-time business deduction for health insurance premiums for 2010. However, she still records it as an adjustment to income. How do I convince her that this is okay for 2010? A: The IRS accounted for the new deductibility differently than most people expected. The deduction for federal income tax is still accounted for in the same way as in previous years, by including the qualified premiums on page one of Form 1040, Line 29. This is an adjustment to income as you mentioned and is indeed the same as ...
Tuesday, August 30, 2011
Counter-clockwise, from bottom-left: Diana Thomson (Johns Hopkins), Aaron Burns (Virginia Tech), Alexander Vining (Bucknell), Brendan Langford (Drury), and Kelly Gwiner (Trine). Not pictured: Taylor Demeter (Virginia). Posted by Sung Yoo - The NASE has awarded $52,000 in college scholarships this year. Our NASE Future Entrepreneurship Award went to Benjamin Seidel of Missouri, who you will learn more about in the October issue of SelfInformed. Meanwhile, let’s take a look at six of ten NASE Scholarship recipients who are busy preparing for a new semester: What did you do this summer? Diana: I learned how to card at the Lincoln Boyhood ...
Wednesday, August 24, 2011
Posted by Sung Yoo - A recent survey of US small business leaders and their social media usage found that many weren’t using these important channels to promote their businesses and products. Only 12% of businesses described social media promotion as a must and nearly 50% of respondents aren’t using social media at all. The findings included:  - 47% of respondents indicated they did not use social media for business purposes at all For those that did use social media for their business: - 19% are using Facebook - 15% are using LinkedIn - 4% are using Twitter The businesses ...
Wednesday, August 24, 2011
Posted by Molly Nelson - It's shaping up to be a wild week along the East Coast! After yesterday's earthquake and with the projections that Hurricane Irene will be nearing Florida and making its way north starting tomorrow, it seems like a good time to review and update your personal and business disaster preparedness plans. FEMA has advice on what to do during and after an earthquake, while ready.gov has resources on preparing for hurricanes and the SBA has information on disaster preparedness and recovery for businesses.
Tuesday, August 23, 2011
Posted by Kristin Oberlander - Here's a list of the top small business tech links I found online this morning. Feel free to suggest new links by emailing media@nase.org and I'll add them. Enjoy! Google Declares War On Slow Web Pages (Entrepreneur) How Are Your Nurturing The "Edges" Of Your [Social Media] Communities? (John Haydon) This Week in Small Business: Watching Armageddon From an Armchair [DASHBOARD] (NY Times You're the Boss blog) Direct Marketing Goes iPad [re: Google Catalogs] (BrandFlakesForBreakfast.com) 13 Simple Ways To Handle "It Costs Too Much" (The Leaper's Blog) 4 Tips On Choosing The Right Logo Design Services (Inc. Magazine) Hat tip to @maddiegrant of Social ...
Thursday, August 18, 2011
Posted by Sung Yoo – Last Friday, the U.S. Court of Appeals for the 11th Circuit ruled the individual mandate provision of the Affordable Care Act (ACA) unconstitutional, while overturning a ruling in the Northern District of Florida that threw out the entire bill. This ruling follows another previous federal appeals court that held the mandate constitutional. Now, due to contradictory rulings, the Supreme Court is likely to take on the case. Congressional Twitter accounts erupted with split opinions following the announcement. House Minority Leader Nancy Pelosi (D-Calif.), wrote, “I’m confident Affordable Care Act will ultimately be upheld.” Meanwhile, many ...

 

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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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