With tax season under way, you're scratching your head, trying to figure out how to cope with higher levies facing taxpayers on 2013 returns and how to plan for 2014.
One key to tackling this problem is to think of the new rules as different aspects of the same challenge. The taxes differ from one another, and higher tax rates kick in at various income thresholds. But the solution is the same for several of them.
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Mar 07, 2014
Chairman Hanna, Ranking Member Meng, and Members of the Subcommittee, thank you for the opportunity today to offer the self-employed's perspective on the Affordable Care Act (ACA) and to share with you its impact on those of us trying each and every day to keep our businesses afloat so that we can leave a lasting legacy for future generations.
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Mar 07, 2014
With just weeks until open enrollment closes for our nation’s new health care system, the U.S. House of Representative’s Committee on Small Business Subcommittee on Contracting and Workforce held a hearing today entitled, Obamacare and the Self-Employed: What About Us?. During today’s hearing, Charlie Arnold, small business owner of Arnold Powerwash of Lewes, Del., testified on behalf of the National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-businesses.
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Mar 06, 2014
On Thursday, March 6, 2014, NASE Member Charlie Arnold provided testimony to the House Committee on Small Business Subcommittee on Contracting and Workforce on a hearing titled "Obamacare and the Self-Employed: What About Us?"
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Mar 05, 2014
Today’s passage of H.R. 4118, the Simple Fairness Act, in the U.S. House of Representative would give the American public and small business owners some much-needed relief by delaying the individual mandate for one-year.
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Mar 05, 2014
As the U.S. Senate Small Business and Entrepreneurship Committee unanimously approves the nomination of Maria Contreras-Sweet as the next Administrator of the Small Business Administration (SBA), Katie Vlietstra, Vice President for Government Relations and Public Affairs at the National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-businesses, today released the following statement voicing her enthusiastic support for the new Administrator-designate:
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Mar 05, 2014
The IRS says it is making it easier this year to file the home-office deduction.
Instead of filling out the long and complicated form 8829 as in the past, taxpayers can now take a standard deduction, according to the IRS. The standard deduction is equal to the square footage of the home office multiplied by $5 for a maximum deduction of $1,500.
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Feb 21, 2014
Many solo entrepreneurs feel they need a partner to get their business started or to take it to the next level. But taking on a partner is a serious commitment and should be done for the right reasons and under the right circumstances. Before jumping in, consider the pros and cons to partnerships.
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Feb 20, 2014
Q: Is there a way to request an extension for Federal Unemployment Tax Act (FUTA) and State Unemployment Tax Act (SUTA) taxes as well as quarterly payroll taxes?
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Feb 20, 2014
Stephanie Gibney has been a NASE member since 2013. In 2009, she founded Accounting 4 DC, an accounting firm in Washington, DC that she says “provides high-quality, hands-on custom outsourced accounting solutions, allowing clients to focus on what’s important…running the day-to-day business.”
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Feb 20, 2014