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Learn More About the Simplified Home Office Deduction!

On Tuesday, January 5, 2013, the Department of Treasury announced that starting in the 2013 tax year, a new simplified deduction calculation would be available for those with a home office, used regularly and exclusively for business, resulting in a $1,500 standard deduction. Based on $5 per square foot calculation, that would cap the allowable space to 300 square feet.

Jan 18, 2013

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Claiming a Home Office Deduction is About to Get Easier (CNNMoney)

CNNMoney also covered the IRS announcement of the Home Office Deduction simplification, quoting the NASE:

Jan 16, 2013

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Why You Might (Finally) Take the Home Office Tax Deduction (Bloomberg Businessweek)

NASE President and CEO, Kristie Arlsan, was quoted in a Bloomberg Businessweek article on the impact of the IRS announcement on simplification of the Home Office Deduction starting in the 2013 tax year.

Jan 16, 2013

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IRS Announces Simpler Rules for Home-Office Deductions (Bloomberg News)

NASE National tax Advisor, Keith Hall, was interviewed by Bloomberg News on the IRS announcement of a simplified Home Office Deduction starting in the 2013 tax year.

Jan 16, 2013

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IRS Adds New Home Office Deduction to Simplify Process for Small Businesses, Entrepreneurs (Dallas Morning News)

The NASE was quoted in a Dallas Morning News article on the IRS announcement of the Home Office Deduction simplification starting in the 2013 tax year.

Jan 16, 2013

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IRS Simplifies the Home-Office Deduction, for 2013 (San Francisco Gate)

In an interview with the San Francisco Gate, NASE National Tax Advisor, Keith Hall, highlighted the many years of work that has gone into getting the IRS to issue a simplification to the Home Office Deduction.

Jan 16, 2013

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Millions of Small Businesses to Benefit from New IRS Home Office Tax Deduction Option Released Earlier Today

As millions of small businesses nationwide prepare for the 2012 tax season, Kristie Arslan, President and CEO of National Association for the Self-Employed (NASE), the nation’s leading resource for the self-employed and micro-businesses, today applauded the Treasury Department and Small Business Administration for providing a new Internal Revenue Service (IRS) home office deduction option that will benefit millions of small businesses and employees who work from home.

Jan 15, 2013

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Crowdfunding: Financing of the Future?

Have a great idea or product that you think will make you money? Or do you already have a small business that is ready to grow? Where will you get the money you need to start up or grow? Many forms of financing are available, but few business owners are aware of the potential of crowdfunding.

Jan 07, 2013

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The NASE Gives $15,000 Achievement Award to Members

For many people, a job description of “blacksmith” conjures up the image of an early American in a heavy apron making sure the town’s horses are properly shod. However, there are no horseshoes to be found at Wallace Metal Works, LLC, in Charleston, W. Va. Instead, company owners and NASE Members Tessie and Matt Wallace are artist blacksmiths who create hand-forged decorative and architectural wrought iron—much more complicated than just making horseshoes!

Jan 07, 2013

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Ask The Experts: Intellectual Property and Tax Classification

Q: I have a product that I am going to manufacture. I will have to contract out the manufacturing, and I’ll also need the manufacturer’s engineers to help me with the final design of the product. How do I prevent the manufacturer from stealing my product idea?

Jan 07, 2013

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Courtesy of NASE.org
https://www.nase.org/news/page/108