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Tax News

The Latest in Tax Law Updates, News & Advice from the NASE

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  • How To Prepare Your Micro-Business For Future Audits

    Thursday, February 18, 2010

    Prepare taxes that will sail through the audit process is as easy as following the Three Cs of Tax Preparation. Find out more...

  • 2009 Tax Changes For The Self-Employed

    Wednesday, January 13, 2010

    Prior to preparing 2009 tax forms, the self-employed and micro-businesses (fewer than 10 employees) should be aware of a few tax law changes, including adjustments to the standard mileage rate and the self-employment tax.

  • ‘Schedule C’ Tax Book De-Mystifies Tax Filing For Nation’s Growing Ranks Of Entrepreneurs

    Monday, January 11, 2010

    Just in time for tax season, the nation’s 22 million micro-business owners have a book to help them successfully navigate Schedule C for reporting 2009 taxes and for mapping their tax strategies for the year ahead. Authored by two of the nation’s leading self-employment and tax experts, Schedule C: from A to Z de-mystifies federal tax codes and guidelines that specifically apply to sole proprietors to help filers minimize their tax liability and avoid filing mistakes that can trigger an audit by the IRS.

  • IRS Recommends New Requirements For Tax Return Preparers

    Friday, January 08, 2010

    In June 2009, IRS Commissioner Doug Shulman called for a comprehensive review of the paid tax return preparer industry, drawing on all relevant data and input from interested parties. Based on this review, the IRS has announced a number of steps that it plans to implement for future filing seasons. These steps will not be in effect for the current 2010 filing season.

  • Ramped Up Task Force Could Focus On Micro-Business Tax Compliance

    Wednesday, April 01, 2009

    The Obama Administration recently announced its plans to step up the search for noncompliant taxpayers as one method for offsetting a massive budget designed to help shore up economic losses for the nation.

  • NASE Lauds Home Office Deduction Simplification Act

    Friday, March 20, 2009

    Business owners who work out of an office in their homes could save an additional $1,500 on their taxes next year. Legislation introduced by Congressman Kurt Schrader (D-OR)

  • House Members Work for Tax Fairness for Self-Employed

    Wednesday, March 18, 2009

    Recently introduced federal legislation would level the playing field for 21 million self-employed Americans by ending a significant double-digit disparity in taxes...

  • Small Business Worker Classification: Independent Contractor Or Employee?

    Thursday, February 26, 2009

    The federal government reports that 70-80% of all new jobs are created by small businesses – congratulations to the nation's self-employed for being major contributors to the economy!

 

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