Q: I have saved some money and now have enough to pay off my house, but I don’t want to lose the mortgage interest deduction. Should I pay off the loan or keep the loan to save on taxes?
A: There are many rules embedded in the Internal Revenue Code but one that should be listed above all others and is nowhere to be found in the Code is Never, Ever spend money just to get a tax deduction.
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Jun 24, 2016
Cassandra Tindell is the owner of Mainely Cupcakes located in Indian Trail, North Carolina. Mainely Cupcakes is an online family owned and operated home-based business that serves cakes and cupcakes. Each batch is made to order and never mass-produced. Before starting Mainely Cupcakes, Cassandra was an accountant who worked in corporate America for many years. Joining the NASE in 2015, Cassandra has taken advantage of many of the NASE’s benefits, including our Growth Grants, Ask the Experts and informative videos and articles on the website.
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Jun 24, 2016
The NASE has announced its support of S. 2707/H.R. 4773, “Protecting Workplace Advancement and Opportunity Act.” Introduced by Senators Scott (R-SC) and Alexander (R-TN) and Representatives Walberg (R-MI) and Kline (R-MN), would block the current proposed Department of Labor overtime regulation from taking effect and require the Department to perform a deeper analysis of the impact changes to overtime regulations will have on small businesses, nonprofits, regional economies, local governments, Medicare and Medicaid dependent health care providers, and academic institutions, as well as employee flexibility and career advancement before proceeding with a rule.
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Jun 24, 2016
On Tuesday, June 21, 2016, the United States House of Representatives passed H.R. 5447, Small Business Health Care Relief Act, by voice vote. This common sense, bipartisan legislation allows for small businesses with 49 or less employees to offer health reimbursement arrangements to their employees. The bill will now be considered by the US Senate.
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Jun 22, 2016
The National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for self-employed and micro-businesses, today called on members of the United States House of Representatives Committee on Ways and Means to take swift action by approving the H.R. 5447, Small Business Health Care Relief Act, thereby sending it to the full House floor for consideration.
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Jun 15, 2016
On Wednesday, June 15, 2016, the House Ways and Means Committee favorably discharged H.R. 5447 (formerly H.R. 2911), "Small Business Health Care Relief Act" from committee. The legislation will be considered by the full House of Representatives sometime next week.
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Jun 15, 2016
Here we provide some guidelines and specific tips on what businesses can do to help protect their own and their customer’s data. We explain what some of the dangers on the internet are, dispel some misconceptions about password management, stress that two-factor authentication is absolutely essential for security, emphasize that you need a forensics partner, and explain what banks are doing or not doing to help keep credit cards safe.
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May 27, 2016
Q: How long should I keep my tax records and what is the best way to secure them?
A: We have all heard about the paperless society that the world is moving toward, but unfortunately the IRS is not yet on board with that process. Your tax return still today can be best supported with a stack of paper.
Posted on
May 27, 2016
Wendy Miller is the owner and Principal of Annapolis Senior Care Solutions located in Annapolis, Maryland. Additionally, she holds her LCSW-C license and is an approved supervisor through the State of Maryland Board of Social Work Examiners. Annapolis Senior Care Solutions specializes in helping seniors maximize their quality of life. Their goal is to provide seniors and their families counsel about lifestyle choices and services that maximize health and wellbeing. Wendy has been a member since 2014.
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May 27, 2016
NASE Joins Coalition Ahead Of DOL Announcement On New Overtime Regulations. The NASE has joined the Partnership to Protect Workplace Opportunity in advance of the Department of Labor’s proposed new overtime regulations, expected to be released before Memorial Day.
Posted on
May 27, 2016