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Tax Return Timeline

Q: I heard that I don’t have to file my tax return by April 18 so that I have more time to get the money together. How does that work? A: The information that you heard is part correct and part incorrect. Individual taxpayers can certainly request more time to file their tax return and, in fact, the approval for the extension is automatic. Simply complete IRS Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return and mail to the IRS by to April 18th, 2017. The extension will provide an extra six months to complete the forms and file your final income tax return.

Apr 29, 2017

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Capturing Self-Employment

Matthew Bernier is the owner of Flashbulb Memories Photo Booth located in Tucson, Arizona. Matthew started his business after taking pictures at a holiday party in a photo booth and enjoying the experience. From that, he did some research and ended up creating a company to be a premium photo booth option for those who wanted professional results without the eyesore of a typical photo booth or photographer setup.

Apr 29, 2017

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The Dust Settles

On Thursday, March 23, Republican Leadership pulled the American Health Care Act (AHCA) from being considered by the House of Representatives, citing that they did not have the support of the Republican Caucus, specifically, the influential Freedom Caucus who continued to withhold their support even after numerous concessions had been granted.

Apr 29, 2017

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Trump’s Tax Plan Could Turn ‘Everyone and Their Dog’ Into an LLC (Bloomberg)

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.

Apr 28, 2017

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National Association for the Self-Employed Statement on President Trump’s Tax Plan

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:

Apr 26, 2017

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How Trump’s tax plan would affect Californians (San Francisco Chronicle)

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.

Apr 26, 2017

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Small businesses see 'mixed bag' from Trump so far — but they're hopeful (CNBC)

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.

Apr 26, 2017

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10 Low-Hanging Fruit Ideas to Skyrocket Your Earnings This Year (Forbes)

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.”

Apr 15, 2017

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Last Minute Tips to Filing Your 2016 Tax Returns

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.

Apr 04, 2017

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Courtesy of NASE.org
https://www.nase.org/news/page/59