Tax News

Your resource for small-business tax advice.

  • Getting a Loan While Self-Employed

    Jun 03, 2013

    Qualifying for personal loans when you are self-employed can be very difficult, especially in today’s economic climate.

  • Ask The Experts: Health Insurance for Employees

    Jun 03, 2013

    Q: I’m about to hire my first employee and I have a few questions. Am I required to provide health insurance? Can I provide a health insurance stipend and have that qualify as providing health insurance? What is a reasonable amount to provide as a health insurance stipend?

  • Ask The Experts: Employee or Independent Contractor

    May 02, 2013

    Q: Is there a minimum someone must make for employee taxes to be paid and taken out (including Social Security and Medicare)? If I have employees, will the business be required to carry workers compensation insurance even if they’re part time?

  • Ask The Experts: LLC Formation, Contract Templates

    Apr 01, 2013

    We operate a fast-growing tutoring business with more than 20 tutors. Although we are still small, we’ve decided to form an LLC. This is an exciting time in our business, and we want to make the best choices regarding structure and entity. Does the NASE offer a step-by-step guide to help small-business owners make these difficult and important decisions?

  • Ask The Experts: Home Office Transition

    Mar 07, 2013

    Q: I've been a licensed professional counselor and marriage and family therapist for 21 years, and I've been in solo private practice since 1999 and have always rented office space. My wife and I are in the beginning stages of looking into arranging for me to work out of our home. Could you please provide us with any ideas or issues we need to be paying attention to in this endeavor?

  • Ask The Experts: 1099 Forms, NASE Dues Deductibility

    Feb 04, 2013

    Q: I'm filing 1099 forms for independent contractors that I worked with this year. Can I complete the forms myself or do I need to pay a service to do it for me? Q: Can I deduct my NASE Membership dues on my taxes?

  • Ask The Experts: Business Loss Deduction

    Nov 05, 2012

    Q: I purchased a business in 2000 and am currently in negotiations to sell it to a corporation. At the time, I took depreciation for goodwill, equipment, restrictive covenant, etc. I will be selling this business at a loss. Am I permitted to deduct the loss on my taxes?

  • Ask The Experts: Form 1099

    Oct 01, 2012

    Q: I’m just starting a business. I’ve heard about having to track certain kinds of vendors (or customers) in order to send them a Form 1099 at the end of the year. Does that exist? If so, how is it done, what needs to be tracked, and where is it reported?

  • Ask The Experts: New Vehicle Tax Deduction

    Sep 04, 2012

    Q: We are wondering if buying a new vehicle would be a good tax deduction for us. Our current work vehicle is paid for, but it’s 8 years old.

  • Ask The Experts: New Contract Employee Forms

    Jun 29, 2012

    Q: Can you tell me which employment forms a contract employee needs to complete before starting to work for my company?

  • Ask The Experts: Section 179 Depreciation

    May 07, 2012

    Q: Can you take Section 179 depreciation on used equipment? Where is this deduction explained in the IRS rules? I’ve been struggling through Publication 946 and can’t find any requirement that the equipment has to be new to qualify for the deduction.

  • Ask The Experts: Business Vehicle, Business Software

    Dec 30, 2011

    Should our business own a vehicle? Which business software is best for my company? The NASE Experts answer your questions.

  • Can You Avoid An IRS Audit?

    Mar 17, 2011

    Few things are more frightening to micro-business owners than learning that they’ve been selected for an IRS audit. In reality, the odds of being chosen for an audit are small.

  • Unprepared For Your Golden Years?

    Jul 12, 2010

    Whether you’re decades from retirement or only days, have operated a micro-business for years or are just launching one, you’ll find tools and resources here to shore up your future.

  • Is A Roth Right For You?

    Mar 05, 2010

    The benefits of a Roth individual retirement account (IRA), which have been inaccessible to many self-employed individuals and micro-business owners, may finally be within your reach.