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News

Soaring Prices Making “Affordable” Care Act Anything But For Some (Central Valley Business Journal)

Surging costs for health insurance have gotten the attention of the National Association for the Self Employed (NASE). The group added its voice Tuesday to the chorus criticizing the Obama administration and the Affordable Care Act. The new wave of criticism comes as the administration announced that premiums for mid-range-silver plans would rise by an average of 25 percent. Those on the act’s exchange program will also have less options than in the past as some companies have dropped out of the program.

Oct 25, 2016

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NASE Supports Senate Overtime Bill

Today the NASE threw its full support in favor of new efforts in the Senate to phase-in the DOL's new salary threshold. S. 3464, the Overtime Reform and Review Act. Introduced by Chairman of the HELP Committee, Senator Alexander (R-TN) and co-sponsored by Senators Scott (R-SC), Lankford (R-OK), and Flake (R-AZ).

Oct 06, 2016

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Working for the small businesses that drive our economy (Journal-Advocate,Steamboat Today)

A few months ago, we had the opportunity to meet with Colorado women who own successful small businesses in El Paso County. Small businesses, the drivers of our economy, make up almost 98 percent of employers in Colorado. One study ranked Colorado Springs as the best city for women-owned business in the state. Another study placed Boulder, Fort Collins and Denver on a top ten list of cities in the country for business owners. We are proud of Colorado's status as an ideal place to start and grow a small business, but we also heard first-hand from these women and entrepreneurs across the state about the challenges they face. While they are working to create jobs and build our innovation economy, it's Congress's job to make sure that both owners and their employees have access to the resources they need to succeed.

Oct 03, 2016

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The Benefits Of Buying A Business

Buying a business provides a tremendous money making opportunity because it combines six factors that make it far superior to any other form of investment. These six factors are: - Appreciation - Leverage - Depreciation - Amortization - Conversion - Cash Flow Let us analyze each of these from the view of the business owner.

Sep 29, 2016

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Extended Tax Return

Q: I am working on filing my extended tax return that is due in October and I discovered a number of payments that I did not include on last year’s tax return. Can I just include those on the next year’s return or have I lost the benefit of those items? A: The easy answer is ‘No’ to both questions. It would not be appropriate to include payments made in a prior year on the current year’s income tax return, but the good news is that does not mean you have lost the benefit.

Sep 29, 2016

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Dependent Scholarship Recipients

It’s September and with the changing of the season comes the beginning of a new school year. It also means that we have handed out scholarships again for the 27th year in a row. Members from across the country work with their dependents to fill out applications early in the year. The applications are then carefully and thoroughly reviewed with winners being notified over the summer in preparation of the Fall semester.

Sep 29, 2016

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Clinton Releases Small Business Plan

The NASE supports a simplified tax code which is always better for the long-term survival of small businesses. Secretary Clinton’s focus on both a standard business deduction and access to health care are two essential tools for the small business community. Offering health care benefits to employees is on point: in fact, we support this in conjunction with the flexibility of Health Reimbursement Arrangements in order to ensure small business stability and health of both their employees and businesses.

Sep 29, 2016

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HR Best Practices For Small Business

Whether you’re starting a new enterprise or taking over the family company, the challenges that face small business owners are the same: increase market share, diminish costs and risk, and fulfill your mission or vision. To achieve all these, micro business owners must wear many hats. Whether you planned to be an HR manager or not, you hold the HR responsibility. Entrepreneurs are learning they can not only manage these obligations, but use them to help grow their company.

Aug 30, 2016

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Advertising Deduction on Vehicle

Q: I have started a small business selling weight loss supplements and I am considering adding little magnet signs to the side of my car. If I choose to do this will the full cost of my car now be considered advertising? ​A: Investing in your new business via advertising is certainly a good idea and the costs you incur will certainly be deductible. Unfortunately, the addition of the advertising sign to your vehicle will not change the character of the vehicle itself, nor will it change the deduction for the business use of that car. Perhaps the bigger concern is to make sure that you indeed maximize the deduction to which you are entitled.

Aug 30, 2016

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Bookkeeping Self-Employment

Teewa Akers is the owner of The Bookkeepers Accounting Service MD (Bookkeepers MD) located in Upper Marlboro, Maryland. The goal of Bookkeepers MD is to provide quality accounting services and increase financial literacy one client at a time. Teewa believes that financial literacy is extremely important for individuals and business owners alike, without a strong financial background, you may not be equipped to make major financial decisions. The Bookkeepers MD also specializes in working with small businesses to free up precious time for business owners to run their businesses instead of worrying about accounting and tax issues.

Aug 30, 2016

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Courtesy of NASE.org
https://www.nase.org/news/page/65