The Trump administration’s proposal to slash the tax rate on partnerships and limited liability companies could set off a stampede of individual taxpayers trying to reclassify themselves as so-called pass-through businesses in order to take advantage of the savings, according to tax experts.
Posted on
Apr 28, 2017
In response to President Trump’s release today of his tax reform proposal, Keith Hall, President and CEO of the National Association for the Self-Employed (NASE), the nation's leading resource for the self-employed and micro-businesses, released the following statement:
Posted on
Apr 26, 2017
President Trump’s tax proposal for individuals would give California taxpayers some tax breaks but take away others. Without more details, it’s impossible to say what the net effect would be, but here are a few things we can surmise from the bare-bones plan released Wednesday.
Posted on
Apr 26, 2017
Main Street sentiment has soared in the wake of the election of Donald Trump on hopes that the Washington outsider will usher in an era of business-friendly policies to bolster the economy.
Posted on
Apr 26, 2017
Posted on
Apr 25, 2017
According to data collected from CB Insights, 29% of startups fail because of a cash flow crunch. It ranked as number two on the list of reasons why businesses fail, right below “lack of market need for a product or service.”
Posted on
Apr 15, 2017
With just two-weeks until the tax filing deadline of April 18th, the National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-businesses, released a list of changes and adjustments to the tax code along with important tips and resources for filing accurate returns and ways to reduce their tax liability.
Posted on
Apr 04, 2017
As the Tuesday, April 18th tax-filing deadline looms ahead, you probably have already started to gather all of your necessary tax documents and are likely spending your afternoons organizing them into neat piles of paperwork. This may include business receipts to W-2 forms, investment statements, student loan documents and other important, personalized financial documents necessary for filing a complete and accurate 2016 tax return.
Posted on
Mar 26, 2017
Tax season is upon us, and many small business owners are scrambling to pull together all the documentation needed to complete their returns. Tax preparation is expensive, time-consuming work for business owners, even for those who hire professional tax preparers. And no wonder. While the tax code in 1955 was 409,000 words, today it is around 4 million according to a National Taxpayer Advocate report. Just to get a handle on that, that’s five times longer than the Bible, both old and new testaments. “If tax compliance were an industry, it would be one of the largest in the United States,” the report says.
Posted on
Mar 24, 2017
Q: I am pulling together all of the paper work for my tax return to take to my tax guy, what are some things that I may be missing? I don’t want to pay any more tax than I absolutely have to, and sometimes I wonder if I am missing deductions that other people are taking.
Posted on
Mar 24, 2017