Self Made: NASE's Blog

Thursday, March 24, 2011
Congressional lawmakers are back in their home districts for two weeks. When they return, they will continue to discuss current small business legislation, such as the reauthorization of technology and research programs, as well as the ever-popular 1099 issue. Stay tuned to Washington Watch for the latest updates.
Wednesday, March 16, 2011
Posted by Kristin Oberlander - The Senate is set to analyze a series of small business legislation and Minority Leader Mitch McConnell, R-Ky., has indicated that it may be used as a vehicle for spending reductions (proposed as amendments to the bill).  One bill is for the reauthorization of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grant programs, both operated by the Small Business Administration. The White House has signaled its support for the bill and the Senate last year passed a similar bill that would extend funding to the programs for a number of ...
Monday, March 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, March 11, 2011
Posted by Molly Nelson - Do you want free publicity for your business? If you're an NASE Member, the NASE can help you promote your business! Simply fill out our "Get Publicity!" form here, and you and your business could be featured in an NASE publication, like our monthly member e-newsletter, SelfInformed. If you don't want to fill out the form, check out the information we're looking for and send it in an email to editor@nase.org with "Publicity" in the subject line. We're looking forward to hearing from you!  
Friday, March 11, 2011
Note: This post was written by NASE Chief Counsel Mike Beene. We hear about it. We talk about it. We know it is a big budget item. We blame it for many of our ills. And hardly anyone I talk to can comfortably explain it.       After the stock market crashed in 1929 the country ended up with massive unemployment. President Roosevelt signed the Social Security Act into law in 1935.The first taxes were collected in January of 1937, and 53,000 retirees were paid benefits that year. Survivor benefits were first paid in 1940, and disability benefits in 1957. Today, the ...
Friday, March 04, 2011
Posted by Molly Nelson - You probably heard that Apple unveiled the iPad 2 this week, but here's some other business news that might have slipped by you. Dr. Jeff Cornwall of The Entrepreneurial Mind cites some interesting research about women entrepreneurs, finding that many "deliberately limit the growth of their businesses to allow themselves time to pursue interests beyond the office." Small Business Trends reports on changes to the 8(a) set-aside contracting program announced by the SBA. These changes were made to "reduce fraud and make sure contracts go to deserving small businesses." OPEN Forum makes a compelling argument ...
Monday, February 28, 2011
Note: This post was written by NASE Chief Counsel Mike Beene. The White House budget proposal for fiscal year 2012 (Oct 1, 2011 to Sept 30, 2012) came out recently, spawning comments from every imaginable corner. So what does it mean? Let’s back away from the frenzy and look at the process. The President’s budget is really the first move in a negotiation that the White House uses to publicize its goals and hopefully get public and congressional support. Call it a proposal of what the president wants to accomplish, what it would cost, and how we will pay. Will ...
Wednesday, February 16, 2011
Posted by Kristin Oberlander - This week, President Obama released his FY 2012 budget, but Congress has its eye on extending the 2011 CR (Continuing Resolution), set to expire in March. Last year, Congress was unable to agree on a FY 2011 budget, so we are currently running on a temporary one through March 4th (the CR). Last week, House Republicans released their version of the CR that would cut around $60 billion from the budget. Rep. Steve King (R-Iowa) attempted to put forth an amendment earlier this week that would strip the health care law of funding in its ...
Wednesday, February 09, 2011
Posted by Kristin Oberlander - The NASE realizes that the most important aspect of advocating on behalf of the self-employed is listening to true-life experiences. This week, we are particularly interested in how the topic above on the 2010 deduction for health insurance costs will affect your business. Simply multiply what you currently pay for health insurance by 15.3% (.153) and that's how much money you'll save in taxes this year. What will you do with that money? Email the Washington Watch Editor, Kristin, at koberlander@naseadmin.org to tell us. With your permission, we'll share your story with the media to show them just how important it ...
Wednesday, February 09, 2011
Posted by Kristin Oberlander - For the 2010 tax year, self-employed business owners can have one more deduction to claim – their health insurance costs. The Small Business Jobs and Credit Act, passed last fall, provides an important tax break for the over 23 million self-employed Americans by allowing them to deduct health insurance costs in determining the Self Employment Tax. These businesses represent 78 percent of all small businesses in the U.S., according to the NASE. To qualify for this deduction, self-employed business owners must meet the following three criteria: File a Schedule C or Schedule E with net earnings ...

 

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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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