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  • America’s Smallest Businesses May Finally Get Much-Needed Relief
    Businesses May Finally Get Much Needed Relief Tuesday July 13 2010 For Immediate Release Contact Kristin Oberlander 202 466 2100 koberlander NASEadmin org Twitter NASEtweets Small Business Jobs Act Addresses Key Health And Tax Priorities For The Self Employed Washington D C July 13 2010 The self employed and micro businesses are often overlooked by lawmakers when it comes to policy but that may be about to change The Senate is considering legislation called the Small Business Jobs Act of 2010 H R 5297 This bill contains key provisions that may help America s smallest businesses in this difficult economic climate according to the National Association for the Self Employed NASE A long standing priority for the NASE has been included in the Small Business Jobs Act allowing the self employed to take a one year business deduction for health care costs Sole proprietors are unable to deduct their health insurance costs as a business expense leaving them to pay more in payroll self employment taxes than any other business The NASE has been working for many years to allow the self employed to receive the same tax treatment of health insurance costs as all other business entities While the NASE has been working to permanently correct this inequity in the tax code the one year deduction in the Small Business Jobs Act is an important first step in leveling the playing field for the 23 million self employed Americans To further address the needs of our nation s smallest businesses Sen Barbara Boxer D Calif has offered a vital amendment to the bill S Amdt 4430 which helps simplify the tax code for home based businesses With over half of all small businesses being run out of the home the home office deduction is an important tax benefit for small businesses Unfortunately the complexity and paperwork burden associated with the home office deduction drives many qualifying business owners to forgo this tax assistance S Amdt 4430 would create the option of a standard home office deduction allowing eligible business owners to avoid the complex calculations and simply opt for the standard deduction amount The NASE is strongly urging passage of this amendment Congress and the Administration give a lot of lip service to small business in regards to rebuilding the economy remarked Kristie Arslan executive director of NASE s Legislative Offices But here are two key proposals that would make a tangible difference in their bottomline For a one to two person company small tax benefits turn into real cash that can actually facilitate business growth Other key provisions included in the Small Business Jobs Act which will provide entrepreneurs with a boost include Increased deduction for start up expenses currently entrepreneurs can deduct up to 5 000 of expenses with a 50 000 phase out The bill would increase the deduction to 10 000 with a 60 000 phase out threshold beginning in 2010 Increase of Section 179 expensing to 500 000 with a phase out threshold of

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/PressReleases/2010/07/13/America%E2%80%99s_Smallest_Businesses_May_Finally_Get_Much-Needed_Relief (2016-02-14)
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  • Micro-Businesses Want A National Energy Policy
    micro business owners have made efforts to reduce their energy costs by implementing energy saving measures in their home and business according to a study undertaken by the NASE Forty percent of respondents indicated they had implemented energy saving measures in their home only while only nine percent of respondents indicated they had not undergone any energy saving changes in their home or business In light the current oil spill in the Gulf of Mexico 59 percent of small business owners believe that policymakers should prioritize a national energy policy The priorities of small business owners in regards to the components of a national energy policy were closely divided between reducing dependence on oil 25 percent avoiding the imposition of overly burdensome and costly regulations on businesses 23 percent saving their family and business money on energy costs 21 percent and improving the environment and the quality of air and water 18 percent Micro businesses understand that a smart forward thinking energy policy will help small business and our nation in the long term Reducing our dependence on oil by cultivating clean energy will create jobs and business opportunities for small businesses while also lowering energy costs for entrepreneurs and all Americans commented Kristie Arslan executive director of NASE s Legislative Offices When asked about specific energy proposals suggested by Congress and the Administration micro business owners were in favor of tax credits and proposals to reduce oil dependency Eighty percent of survey respondents favored tax credits to individuals who implement specific energy saving measures in their homes and 76 percent favored grants and tax credits to small businesses to help them afford implementation of energy saving measures in their business Sixty percent favored increasing the use of nuclear power and the creation of new power plants while 61 percent

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/PressReleases/2010/06/25/Micro-Businesses_Want_A_National_Energy_Policy (2016-02-14)
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  • NASE Gives Member $20,000 Award For Small-Business Excellence
    koberlander Washington D C June 24 2010 Doug Springer owner of Ellsworth Maine based small business Springers Gymnastics Center today received a 20 000 gift from the National Association for the Self Employed NASE in recognition of his excellent small business practices and contribution to local youth health and community development After teaching gymnastics for 20 years Springer opened Springer s Gymnastics Center in 2005 Springers Gymnastics specializes in the instruction of recreational gymnastics for children and young adults in a safe professional and progressive learning environment As a member of the NASE Springer applied for and received a 4 100 Business Development Grant in June 2009 part of 450 000 in grants given by the NASE since 2006 in response to members needs to access capital According to an NASE Member survey 77 of America s micro business owners do not believe there are enough funding resources available A majority of respondents reported having to use personal savings to start their businesses and identified a need for funding from associations and nonprofit organizations that provided grants and loans for small businesses Springer used the original grant funds to purchase additional equipment for male gymnasts with the goal of increasing enrollment in that demographic After receiving the grant Springers Gymnastics saw the largest September enrollment in its five year history and increased its enrollment of male gymnasts by 10 percent The tremendous impact Springer made with his grant prompted the NASE to select him out of 19 other grant recipients for a further financial award of 20 000 I cannot tell you how honored and humbled I am that you folks thought Springers Gymnastics worthy of recognition Springer said At first I thought it was just money but the help and more importantly the new focus on my business and

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/PressReleases/2010/06/24/NASE_Gives_Member_20_000_Award_For_Small-Business_Excellence (2016-02-14)
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  • Self-Employed Send A Message to Washington With Viral Ad Campaign
    Releases The Latest News from the NASE View all NASE news Self Employed Send A Message to Washington With Viral Ad Campaign Monday June 14 2010 For Immediate Release Contact Kristin Oberlander 202 466 2100 koberlander NASEadmin org Twitter NASEtweets 25 Million Jobs And Billions To The Economy Is Not So Bunny Washington D C June 14 2010 The National Association for the Self Employed NASE launched a digital advertising campaign today that seeks to raise awareness of the policy priorities of the self employed and micro businesses while combating the stereotype that the nation s smallest businesses do not make serious contributions to the economy The ads which are running on inside the beltway news Web sites depict a self employed business owner wearing a suit tie and bunny slippers We are undertaking this public awareness effort to shake up the unfortunate perception that if you are your own boss and work from home your job is not as valuable as an office or factory job says Kristie Arslan executive director of the legislative offices of NASE Not only do the self employed contribute nearly a trillion dollars to our nation s economy every year but their businesses allow them to successfully provide for their families and contribute to their local communities The vast majority 95 of all small businesses in the United States are either self employed entrepreneurs or micro businesses with fewer than 10 employees There are about 25 million such businesses which may have a storefront or be run out of a home office Their small size makes them acutely aware of economic conditions and policy changes Though vulnerable to tough economic times self employed businesses have grown faster than all other segments of the economy in recent years and are historically a key driver of economic recovery after a recession In fact business startups reached their highest levels in 14 years during 2009 suggesting that laid off workers are choosing to join the ranks of the self employed rather than take their chances in a job market that remains unstable With a growing number of Americans embracing entrepreneurialism Washington should be finding ways to support self employment and help them drive the country s economic recovery continues Arslan Instead we see a systemic behavior by our policymakers of publicly touting the importance of small business in this economic climate while they quietly issue backdoor rules and regulations that are ultimately pulling the rug out from under America s entrepreneurs Some examples of current policy issues that have dramatic negative impacts on the self employed include New IRS reporting requirements that will force any business that pays more than 600 per year to a vendor for business services inventory or property to issue a Form 1099 to that vendor Continued lack of a standard home office tax deduction that would allow millions of self employed individuals access to tax relief to which they are entitled and Exclusion from the small business health care tax credit in

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/PressReleases/2010/06/14/Self-Employed_Send_A_Message_to_Washington_With_Viral_Ad_Campaign (2016-02-14)
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  • New Law Increases Paperwork for Self-Employed Over A Thousand Percent
    owners will be required to submit a Form 1099 for every payment made via check or credit card to vendors for services inventory or property over 600 annually A new survey by the National Association for the Self Employed NASE found that the self employed and micro businesses those with fewer than 10 employees are overwhelmingly expecting this new regulatory burden to greatly or somewhat increase the amount they spend on tax preparation The Form 1099 reporting system has historically been utilized for payments made to independent contractors According to NASE s survey micro businesses reportedly received an average of four Form 1099s from clients or customers and issued an average of two Form 1099s to contractors in the most recent tax year Under the new expanded regulation small business owners have estimated that they will have to issue roughly 27 Form 1099s mostly to large corporations This is a 1250 increase in the amount of paperwork that will be required of small business owners come 2012 To the mom and pop shop time is money and this new regulation is going to require plenty of both remarked Kristie Arslan NASE executive director legislative offices The bottom line is that the Form 1099 expanded reporting requirement affects companies small and large increasing the number of forms issued and received many times over As part of the new expanded Form 1099 reporting requirement businesses will be required to obtain accurate Taxpayer Identification Numbers TINs from all qualifying vendors Should the business owner be unable to do so they would be required to withhold a portion of that vendor payment and send it to the IRS With over 40 percent of survey respondents still preparing their taxes on their own this added administrative workload will significantly increase the time business owners spend on paperwork and or force them to hire an accountant adding to the cost of doing business in this difficult economic time Micro businesses across the board were concerned about the implementation and consequences of this new reporting requirement Like most small business owners I run a business that allows me to sell my expertise in a certain area Unless that area is tax preparation there s not a single small business that won t be adversely affected by this regulation Small business owners and entrepreneurs know they have to devote a certain amount of time to administrative tasks but the successful business is the one that keeps administrative items to a minimum and spends the most time on clients and customer services This is a ridiculous plan and punitive against small business I have a hard enough time doing my taxes already This will dramatically increase the time burden and cost I may have to let go of an employee so I can instead pay an accounting service to handle my accounting and taxes I work as an accountant for small non profits and small businesses These reporting requirements will greatly increase the amount that they will need to

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/PressReleases/2010/05/26/New_Law_Increases_Paperwork_for_Self-Employed_Over_A_Thousand_Percent (2016-02-14)
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  • National Small Business Week: May 23rd – 25th
    savings last Tax 1040 Tax Calculator Payroll Deductions Calculator Self Employment Tax Calculator Helpful Links ASBDC Member Directory Search My NASE About Me Account Benefits Optional Benefits Payment Details Expert Questions Email Subscriptions Membership Directory Press Releases The Latest News from the NASE View all NASE news National Small Business Week May 23rd 25th Monday May 24 2010 For Immediate Release Contact Kristin Oberlander 202 466 2100 koberlander NASEadmin org Twitter NASEtweets President Obama NASE SBA Honor Self Employed And Micro Businesses Washington D C May 24 2010 According to the Small Business Administration SBA approximately 60 percent of Americans own or work for a small business The National Association for the Self Employed NASE is teaming up with the SBA again to sponsor National Small Business Week 2010 For nearly fifty years one week has been set aside annually in order to honor the contributions of the nation s small business community The NASE works with the SBA to help increase access to capital and lends our support to federal initiatives that have proven helpful to micro business growth This week we celebrate the role of entrepreneurs and small businesses in our national life They are the engine of our prosperity and a proud reflection of our character said President Barack Obama A healthy small business sector will give us vibrant communities cutting edge technology and an American economy that can compete and win in the 21st century The full text of the President s National Small Business Week proclamation can be found at http www whitehouse gov the press office presidential proclamation small business week This past year has seen a new social and political focus on the importance of micro businesses and the self employed said Robert Hughes NASE president Small Business Week offers a formal opportunity

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/PressReleases/2010/05/24/National_Small_Business_Week_May_23rd_%E2%80%93_25th (2016-02-14)
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  • Main Street, Consumers One Step Closer To Accountable Wall Street
    Accountable Wall Street Friday May 21 2010 For Immediate Release Contact Kristin Oberlander 202 466 2100 koberlander NASEadmin org Twitter NASEtweets New Consumer Financial Protection Bureau Must Consider Small Business Impact Of New Regulations Washington D C May 21 2010 The effort to ensure a safer more consumer friendly Wall Street moved one step closer to success with the passage Thursday night of the Restoring American Financial Security Act in the Senate Details of the final bill will now be reconciled between the House H R 4173 and Senate S 3217 but the essence remains the same create a consumer watchdog to protect against hazardous financial situations regulate banks more closely and streamline massive institutions before they have a chance to fail The effort to ensure a safer more consumer friendly Wall Street moved one step closer to success with the passage Thursday night of the Restoring American Financial Security Act in the Senate Details of the final bill will now be reconciled between the House and Senate but the essence remains the same create a consumer watchdog to protect against hazardous financial situations regulate banks more closely and streamline massive institutions before they have a chance to fail The self employed and micro businesses were hit particularly hard during the financial crisis and are still reeling from its effects commented Kristie Arslan executive director legislative offices in a recent NASE Staff Blog post Much of their personal finances are tied up with their business finances Their reliance on credit cards lines of credit and home equity loans to help with the daily operating costs of their business left the self employed especially vulnerable to unpleasant industry practices The National Association for the Self Employed NASE and other small business organizations worked collectively to ensure that small business and the self employed had a voice in this process Due to the leadership of Senators Snowe R ME Pryor D AR Graham R SC Menendez D NJ Franken D MN Shaheen D NH Bond R MO and Burris D IL the Small Business Fairness and Regulatory Transparency Amendment S Amdt 3883 was included in the final bill This provision ensures that the newly created Consumer Financial Protection Bureau will take a special look at rules which may impose significant costs on small business It will also require the agency to prioritize minimizing the burden on small business during the drafting of new rules and regulations while also preserving consumer protections The self employed and micro business those with fewer than 10 employees have been vocal in the past three years about the actions of government the financial services industry and consumers which led to the collapse of the economy The NASE has consistently heard from members that while oversight and accountability are essential to a healthy economy increasing federal bureaucracy can increase the cost of doing business and impact small business access to credit Micro businesses strongly supported a balanced approach to regulating the financial service sector The passage of the

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/PressReleases/2010/05/21/Main_Street_Consumers_One_Step_Closer_To_Accountable_Wall_Street (2016-02-14)
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  • Tax Tips For Procrastinators From NASE National Tax Advisor, CPA
    Partners And Sponsors Affiliate Application Refer A Friend NASE in Action NASE Advocacy Efforts Legislative Priorities NASE In The News Washington Watch NASE Research Current NASE Survey NASE Member Survey NASE Issue Reports Self Employed Statistics Get Involved Tell your story Become a Media Contact Legislative Action Center Business Help Ask the Experts Taxes Business Strategy Business Law Marketing 101 Finance Accounting Health Care Reform Marketing Advertising Real Estate Information Technology NASE Minute Get Help Tax Healthcare Reform Health Marketing 101 Business Management Marketing Advertising Real Estate Calculators Business Breakeven Analysis Calculator Cash Flow Calculator Equipment Buy vs Lease Investment Annual Rate of Return Calculator Mortgage Mortgage Loan Calculator Retirement Savings and Planning 401 k Calculator How long will my retirement savings last Tax 1040 Tax Calculator Payroll Deductions Calculator Self Employment Tax Calculator Helpful Links ASBDC Member Directory Search My NASE About Me Account Benefits Optional Benefits Payment Details Expert Questions Email Subscriptions Membership Directory Press Releases The Latest News from the NASE View all NASE news Tax Tips For Procrastinators From NASE National Tax Advisor CPA Wednesday March 31 2010 For Immediate Release Contact Kristin Oberlander 202 466 2100 koberlander NASEadmin org Twitter NASEtweets Our RSS feed service

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/PressReleases/2010/03/31/Tax_Tips_For_Procrastinators_From_NASE_National_Tax_Advisor_CPA (2016-02-14)
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