Self Made: NASE's Blog

Tuesday, April 19, 2011
Posted by Kristin Oberlander - Entrepreneurialism remains at a high level again in 2010, according to a Kauffman Foundation study. However, more individuals chose to be self-employed rather than start larger employer firms. The study found that 0.34 percent of American adults created a business per month in 2010 (565,000 new businesses), a rate that remained consistent with 2009 and represents the highest level of entrepreneurship over the past decade and a half. In contrast, however, the quarterly employer firm rate has dropped from 0.13 percent in 2007 to 0.10 percent in 2010. It raises some interesting questions about why ...
Monday, April 18, 2011
If you find yourself, despite rushing around, running behind come the April deadline, relax. All tax filers can get an automatic 6-month extension by filing IRS Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return, by April 18th. Remember the extension of time to file is not an extension of time to pay. Pay the tax as quickly as possible so you can keep late payment penalties and interest to a minimum. If you can’t pay the full amount of tax you owe, pay as much as you can. However, there are underpayment penalties ...
Friday, April 15, 2011
The National Association for the Self-Employed (NASE) is thrilled that President Obama has signed a repeal of the additional reporting requirement regarding Form 1099 passed under the Affordable Care Act. NASE Executive Director Kristie Arslan had these comments after the repeal became law: "America's smallest businesses - the self-employed and micro-businesses - will benefit the most from this repeal," said Arslan. "For over a year, small business organizations like the NASE have joined forces to raise awareness about the extent of damage this law would have on Main Street shops. We are pleased to see that the President has officially ...
Thursday, April 14, 2011
Posted by Kristie Arslan - It is a sad, but true fact: health insurance is a luxury item for many small business owners, purchased when times are good and forsaken when times are lean. This is especially true for self-employed and micro-businesses -- our nation's smallest businesses. Thanks to a minor quirk in the tax code that has a major effect on their bottom lines, the self-employed are the only business entities that receive no tax benefit for purchasing coverage. Every other type of business, like corporations and partnerships, can write off the cost of health insurance as a business ...
Friday, April 08, 2011
Posted by Molly Nelson - A recent study found that although it can be time-consuming, social media does pay off for businesses in the end, and especially for small businesses and the self-employed. But please don't just start tweeting willy-nilly -- a social media policy is a must for any business. While you're getting into the swing of your social media, don't forget that face to face meetings are still a vital tool for fostering and sustaining your business. Have some social media tips, tricks or tools to share? Let us know in the comments, or give us a shout ...
Friday, April 08, 2011
Posted by Kristin Oberlander - As budget negotiations continue, the NASE continues to encourage Congress to put aside politics before the self-employed are stuck with the fallout from a government shutdown. Here is a list of ways micro-businesses will be directly affected by a shutdown: A delay in the processing of tax refunds for those who file by paper. Many small biz owners count on their refunds to put toward their business, though it would not affect those who e-file. Those who contract with larger companies who, in turn, contract with the government, could face delays in payment. Any state ...
Thursday, April 07, 2011
Posted by Kristin Oberlander - Kristie Arslan, Executive Director of the NASE, released the following statement as the threat of a Government shutdown looms and its potential effect on America’s small business community: “A Government shutdown is a win for nobody – especially America’s small business community,” said Arslan. “The Government shutdown will send ripple effects throughout the economy. With small business loans and tax refunds stopped dead in their tracks, the small businesses that are so critical to our communities and our nation will be unable to grow or reinvest in their business.  Our smallest businesses – the self-employed ...
Thursday, April 07, 2011
House Republicans, lead by Rep. Paul Ryan (R-Wis.), this week proposed a reorganization of Medicare and Medicaid as part of $6 trillion in spending cuts for the next fiscal year budget. The cuts would occur over the next decade, with the plan also lowering the top income tax rate for individuals at 25 percent (currently 35%). As a note, President Obama’s fiscal 2012 budget proposal called for $3.7 trillion in spending for next year, whereas Ryan's plan cuts $200 billion from that projection. For additional a summary plan or the full report, as well as video and other detail, visit ...
Wednesday, March 30, 2011
Posted by Molly Nelson - Productivity and goals - two things that every small-business owner has and needs! As always, Freelance Folder has great suggestions on combating procrastination, and also how to take action when you are overwhelmed with too much work. In addition, Dr. Cornwall at The Entrepreneurial Mind has a provocative post on rethinking goal setting, while Small Biz Bee offers some encouragement for sticking to your goals.   [10 Top Tips to Combat Procrastination] [What to Do When You Have too Much Work] [Staying On Track With Your Small Business Goals]
Friday, March 25, 2011
The IRS expects 145 million tax returns to be filed for the 2010 tax year and, of those, one in six will be self-employed Schedule C filers. A small percentage of those self-employed businesses will be subject to an audit each year. The NASE knows that many self-employed business owners meet their tax obligations fully, so the audit process need not be feared. The IRS can review tax returns for up to three years, so now is the time to make sure all of the necessary paperwork and documentation is stored with the 2010 tax return.   “As long as taxpayers ...

 

Subscribe to RSS Feed

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. 

 Katie on Twitter
 Katie on LinkedIn