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NASE in the News

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Taking the Home Office Deduction? Read This (Fox Business)

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.

Feb 21, 2014

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Tax 411: Five things every small business owner needs to know about filing taxes this year (NY Daily News)

It's no picnic being a small business owner this time of the year. Yes, it's tax season for small firms, too - time to gather up those receipts and bank statements to make sure you get all the deductions you are entitled to. Here are five things small business owners need to know:

Feb 20, 2014

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Deducting for a home office can be streamlined this year (SFGate)

It's not often that something in the tax code gets easier, which makes the new simplified home office deduction noteworthy. Starting with 2013 tax returns, people who work from home have the option of deducting up to $1,500 worth of housing-related expenses in one line on their tax return. Or they can use the old option, which involves filling a complex 43-line form (8829, Expenses for Business Use of Your Home).

Feb 20, 2014

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Midsize firms get reprieve on Obamacare (Business Record)

Small businesses will have more time to comply with the employer mandate requirements of the federal health care overhaul, the Obama administration announced Monday. Under final regulations issued by the Treasury Department and Internal Revenue Service, businesses that employ between 50 and 99 full-time workers will have until January 2016 to comply with the employer mandate to provide health insurance, Accounting Today reported.

Feb 12, 2014

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Small businesses react to CBO report on ObamaCare (Fox Business)

Katie Vlietstra, NASE's Vice President for Government Relations and Public Affairs goes on Fox Business to discuss the CBO report and what it means for small business owners and entrepreneurs.

Feb 11, 2014

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