Senator Vitter, Chairman of the Senate Small Business and Entrepreneurship Committee, introduced a huge package of tax deductions for small businesses, including the full deductibility of health insurance for the self-employed.
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Jul 29, 2015
We live in an information age! The manner that your data is managed provides an essential competitive edge to your business. The right data can help you unlock the potential of your business. A robust data management plan will provide insights growing or starting your business by focusing on building revenue and reducing costs. It is therefore imperative that due diligence is applied to the gathering, processing, storage and interpretation of your data to maximize its productive impact.
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Jul 27, 2015
Q: I have hired a new 1099 employee and I don’t know what paperwork I need to complete at the end of the year? Do I prepare a W-2 or a 1099? Help? A: Congratulations on creating a new position! Don’t forget that over 70% of all new jobs created in the United States come from small business owners just like you, so keep up the good work. Let me start with a few definitions related to your new worker to whom you referred to as a new “1099 employee.” This is a very common phrase and confirms the confusion related to worker classification since an employee would receive a W-2 at the end of the year, while an independent contractor would receive a 1099. From a definition standpoint, the term “1099 employee” is similar to an orange apple, meaning the two words just should not be used together.
Posted on
Jul 27, 2015
Joseph Swanson is the owner of Swanson’s Evergreen Nursery located in Niagara, Wisconsin. Throughout High School Joey was very active, keeping a 3.9 GPA (second in his class) while participating on the Basketball, Football, Soccer, and Track teams. Upon Graduation, it was no surprise to anyone that Joey was already running his own business. Swanson’s Evergreen Nursery grows most of their Evergreen trees (Christmas Trees) from seed, and ships and sells their products throughout the Midwest.
Posted on
Jul 27, 2015
Last week in congress, Reps. Charles Boustany (R-La.) and Mike Thompson (D-Calif.) in the U.S. House and Sens. Charles Grassley (R-Iowa) and Heidi Heitkamp (D-N.D.) in the U.S. Senate introduced bipartisan legislation, Small Business Healthcare Relief Act (S. 1697/H.R. 2911). The legislation would enable small businesses to continue to use Health Reimbursement Arrangements (HRAs), which allow employers to provide pre-tax dollars to employees to pay for medical care and services.
Posted on
Jul 27, 2015
Leaders in the Senate and House introduced bi-partisan legislation that would allow for small business, 49 or less employees, to provide for Health Reimbursement Arrangements (HRAs) as a means to financially support their employees in the purchase of health insurance and/or other qualified medical expenses.
Posted on
Jul 15, 2015
NASE's Vice President for Government Relations and Public Affairs Katie Vlietstra featured on C-SPAN.
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Jul 13, 2015
One week after the Internal Revenue Service (IRS) started enforcing a new, unfair policy on small businesses that offer traditional health reimbursement accounts (HRAs), America’s small businesses have already incurred a possible $700 in fines per employee over the last week.
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Jul 08, 2015
A new Internal Revenue Service (IRS) policy imposing a $100 a day fine per employee on small businesses that offer traditional health reimbursement accounts (HRAs) goes into effect today and the consequences could be crippling for America’s smallest employers.
Posted on
Jul 01, 2015
As the Supreme Court of the United States today handed down its ruling in the King v. Burwell health care case, the National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for self-employed and micro-businesses, hailed the decision calling it a “clear win for millions of Americans who now have access to health care, including those who consider themselves part of our country’s small business community.”
Posted on
Jun 25, 2015