TAXES

At The National Association for the Self-Employed, we know that tax season can be a hassle for independent contractors, freelancers, and small business owners. You don’t usually have the resources to hire seasoned accountants, so you end up taking precious time out of your busy day to do it yourself. But never fear, NASE is here to guide you and your small business through the process with the essential knowledge you’ll need to navigate your 2018 Tax Year.

Listen to Keith Hall talk with Kevin Price about tax season, tax reform and the NASE on his radio show, the Price of Business.

Tax season is upon us, and it can be a tricky time for small business owners and people who are self-employed. With income from multiple sources, plus expenses, deductions, and investments, navigating your taxes can take precious time you likely just don’t have. Here’s a guide to make preparing your taxes just a little bit easier—think of it as an entrepreneur’s roadmap on the journey to stress-free taxes.

Q: My husband and I operate a corporation together, although business has slowed considerably. Last October, my husband got a job as a full-time employee for a government agency in Alaska, but he does most of the work remotely (there are others in the office who are also based elsewhere). However, he is required to show up in-person for two weeks each in January and April. We are wondering what, if any, of his related expenses can be deducted? Here are some examples of things we have purchased that we hope can be deducted:

As 2011 comes to a close, so does the payroll tax cut for millions of Americans. If Congress does not come to an agreement, we'll start out 2012 by paying higher taxes.

It’s okay if you have not filed yet because the National Association for the Self-Employed (NASE) is offering some last minute tax tips to make the process go smoothly.

Prior to preparing 2009 tax forms, the self-employed and micro-businesses (fewer than 10 employees) should be aware of a few tax law changes, including adjustments to the standard mileage rate and the self-employment tax.

When appearing before Congress, NASE National Tax Advisor and Certified Public Accountant, Keith Hall, has one piece of advice for lawmakers – in order to continue growing and creating jobs, small businesses need to be able to count on a number of tax incentives

New legislation could help self-employed business owners who work from a home office save an additional $1,500 on their taxes next year.

Offering a standard home office deduction would save the self-employed a chunk of change each year, says NASE National Tax Advisor Keith Hall.

Navigating accounting and tax matters as they relate to your business can be difficult. Read this article for some helpful suggestions.

The complicated process of filing taxes is often not clearly understood until a person goes through their first tax season. For a person using only a W-2, the experience may have been limited to “painstaking”. For someone who freelances or owns their own business, the process could have easily become mentally painful. If you’re looking for a way to improve the way you do tax season, here are some steps you should be taking.

Being self-employed, managing your own business and financials as an entrepreneur can be very rewarding, but at other times is challenging. Small businesses are still the backbone of the American economy with over 50% of them being operated from homes rather than traditional office environments. There are more than 22 million self-employed in the US with no additional employees or payroll expenses other than their owner.

The small business community, including self-employed and micro-businesses, welcomed a major benefit this tax year: a new, streamlined IRS home office standardized deduction. The new, standardized deduction is available to small business owners and the self-employed as an option for the 2013 tax year (returns filed in 2014).

Any deduction that is eligible, allowable, and even encouraged, yet for whatever reason was omitted from the return means that a small-business owner is giving more money than is owed to the IRS.