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  • Katie Vlietstra on Policies Affecting the Self-Employed (C-SPAN)
    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 NASE in the News Stay tuned Check out our latest videos television appearances and podcasts Our RSS feed service allows you to retrieve instant updates from the NASE website The latest articles news and other helpful information all delivered directly to you Click here to see all of our available RSS feeds View all NASE news Katie Vlietstra on Policies Affecting the Self Employed C SPAN Monday July 13 2015 NASE s Vice President for Government Relations and Public Affairs Katie Vlietstra featured on C SPAN Comment Your name Click to add Email optional Click to add Comment RadEditor HTML WYSIWYG Editor MS Word like content editing experience thanks to a rich set of formatting tools dropdowns dialogs system modules and built in spell check RadEditor s components toolbar content area modes and modules Toolbar s wrapper Content area wrapper RadEditor hidden textarea RadEditor s bottom area Design Html and Preview modes Statistics module and resize handle It contains RadEditor s Modes views HTML Design and

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/News/nase-in-the-news/2015/07/13/katie-vlietstra-on-policies-affecting-the-self-employed-%28c-span%29 (2016-02-14)
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  • Leading Advocate for the Self-Employed Community Releases Tax Filing Tips (The Network Journal)
    retirement plan contributions These deductions are easy to forget TNJ com Are there a lot of differences in the way taxes are filed for full time workers versus small business owners and self employed workers K H The biggest difference is that small business owners and self employed workers have to attach additional forms All of the income and expenses related to the small business are included on a Schedule C form which represents profits or losses from the business Depending on the complexity of the business s expenses other forms would also be included It s almost like having a second tax return TNJ com Is it advisable that small business owners and self employed workers have an accountant file for them versus the do it yourself method K H It s always good to use a professional but with technology today and organizations like the NASE and the IRS the tools and the information you need are readily available online Below is NASE s 7 in 7 list released today It s a list of 7 top tips to filing beneficial and accurate tax returns in the next 7 days 7 Don t Take the Easy Route Whether you will do the return yourself or hire a professional to help make sure you avoid the temptation to take the easy route Don t just guess on business miles or travel expenses Take the time to check your records update your mileage log do your due diligence If a question ever comes up it won t be tomorrow but several years from now and you won t remember where you got that number So avoid short cuts do your homework in gathering your little stack of paper and you will be glad you did 6 Stay Connected As a small business owner it is easy to feel like you are out there all alone If you have an Internet connection you have resources Bookmark relevant websites such as the IRS and SBA sites Take some time to ask questions search the site and review potential deductions that you may have missed Stay connected and remember that you are NOT alone 5 Look for Hidden Deductions Most deductions come straight from your business checkbook But some items like the business use of your personal vehicle the business use of a space in your home as a home office are easily forgotten because they don t show up as a cash disbursement In addition many small business owners forget about the options for a deductible retirement plan contribution Make sure you don t miss these deductions in calculating the net income from your small business 4 Red Flag Red Herring Make sure that you are extremely diligent in taking advantage of every single legitimate deduction to which you are entitled Do not avoid a deduction because you heard it was a red flag Foregoing a deductible item that you are entitled to is like paying the IRS part of your hard

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/News/nase-in-the-news/2015/04/06/leading-advocate-for-the-self-employed-community-releases-tax-filing-tips-%28the-network-journal%29 (2016-02-14)
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  • Last Minute Tax Advice for the Self-Employed (Fox Business)
    2015 Every tax paying American knows April 15 is the deadline to file your federal income tax return but do you know about this year s tax code changes that can have a big effect on your 2014 tax return and your wallet As the American public including millions of self employed business owners race to meet the April deadline there are some important changes to the tax code to keep in mind that could help ensure your return is filed accurately and with the greatest possible financial benefit Health Care Penalty The biggest change is the new health care penalty if you chose to not to obtain qualified health care coverage As part of the Affordable Care Act ACA everyone is required to sign up for health care coverage or face a penalty that increases each year for non compliance Home Office Deduction In its second year small business owners who work from their home can now claim a streamlined standardized home office deduction rather than completing a complicated IRS form Mileage Rate If you use your automobile for business you also can deduct a standard mileage rate on your return at 56 cents per mile for 2014 and expected even higher at 57 5 cents for 2015 Retirement Contributions Limits for retirement contributions have also increased for most Americans SEPs IRAs and 401k plans all allow you to contribute to your own future and take a tax deduction on your 2014 tax return Health Reimbursement Arrangements HRAs As an unintended consequence of ACA implementation small businesses lost the ability to provide their employees small amounts of financial support for health care related expenses through HRAs When it comes to tax equity comprehensive tax reform is needed to ensure that all small businesses from those with 499 employees to the sole entrepreneur are treated equally and fairly Not only should adjustments be made to the corporate tax rate but also the individual rate the rate at which the majority of the self employed and small business owners taxes are calculated As Congress considers tax reform there are three easy ways they can support the Main Street small business community amending the definition of employee to include the owner of a sole proprietorship to take advantage of additional benefits simplifying the definition of an independent contractor to clarify a worker s status and streamlining the deduction process much like the home office rule by creating a schedule C Z to expand as many deductions as possible for business expenses These small common sense changes will help the small business community in a big way Our nation s smallest businesses from the self employed to micro businesses with nine employees or less are part of the largest small business demographic and it is growing each and every day According to the latest U S Census figures small businesses account for 78 of the entire business community representing over 27 million entities nationwide In fact the self employed are growing at a

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/News/nase-in-the-news/2015/04/03/last-minute-tax-advice-for-the-self-employed-%28fox-business%29 (2016-02-14)
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  • Obama administration delays another health care rule for small businesses (Washington Post)
    Internal Revenue Service and Treasury Department announced on Wednesday that they will wait until summer to start enforcing financial penalties on small businesses that provide so called Health Reimbursement Arrangements to their employees Under HRAs employers provide spending accounts that their workers can use to cover a portion of the cost of buying individual health plans The arrangements which give employers a tax free means to help pay for their workers health costs do not comply with insurance standards in the Affordable Care Act commonly known as Obamacare according to Treasury guidance issued in the fall of 2013 Consequently employers who elect to continue offering HRAs could be fined as much as 100 per day per employee In a public notice IRS and Treasury officials announced that those penalties in the form of excise taxes will not be levied against noncompliant small businesses until July giving many employers a little extra time to adjust to the new rules The Departments understand that some employers that had been offering health coverage through an employer payment plan may need additional time to obtain group health coverage or adopt a suitable alternative the notice reads Officials also hinted at the fact that the new online health insurance exchanges set up under the law which were meant to give small businesses more choices and more affordable health insurance options haven t quite delivered The market is still transitioning and the transition by eligible employers to SHOP Marketplace coverage or other alternatives will take time they wrote In regards to the rules in the health care law the delay is nothing new for employers Most notably the Obama administration has several times pushed back the start of penalties for business that do not provide adequate health insurance to their employees first pushing the entire deadline back one year and then last year announcing an even more gradual tiered by company size rollout A year earlier the administration instituted a one year delay in enforcing rules requiring companies to report their health insurances costs on employees tax forms Officials also delayed additional rules requiring owners to provide equal coverage to all of their employees and they later postponed fines on health plans that don t meet certain coverage criteria in the law At this point the small business community has had about enough of the temporary reprieves and is calling for permanent solutions This temporary delay serves as an important immediate step to protect small businesses from costly penalties when trying to assist employees with the purchase of health insurance Amanda Austin vice president of public policy at the National Federation of Independent Business said in a statement responding to the announcement However another delay to Obamacare does not fix the underlying problems which the administration is conceding with these actions Research by the NFIB which has staunchly opposed the health care overhaul since it was being debated in Congress suggests that one in seven small businesses that do not provide health care plans offer some

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/News/nase-in-the-news/2015/02/19/obama-administration-delays-another-health-care-rule-for-small-businesses-%28washington-post%29 (2016-02-14)
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  • Treasury Delays Enforcement of Standalone Health Reimbursement Arrangement Ban (Accounting Today)
    employers in particular employers who are not applicable large employers who reimburse or pay a premium for an individual health insurance policy for an employee Notice 2015 17 also addresses the treatment for federal tax and for market reform purposes of arrangements reimbursing premiums of 2 percent shareholder employees of S corporations Finally Notice 2015 17 addresses application of the market reforms to certain employer arrangements to fund Medicare premium payments or to provide a TRICARE related health reimbursement arrangement Business groups such as the National Association for the Self Employed and the National Association of Home Builders applauded the move The announcement today by the Treasury Department that it has offered a short term delay in the enforcement of a prohibition on Health Reimbursement Arrangements is welcome news for our community but a long term legislative solution is still urgently needed said Katie Vlietstra vice president for government relations and public affairs for the National Association for the Self Employed America s smallest employers need the stability of a permanent fix in order to continue to utilize this critical tool to help provide health care coverage to their employees The National Association of Home Builders also issued a statement in support of the delay While today s announcement by the Treasury Department is a step forward in helping small businesses to provide affordable health coverage to their employees a short term delay isn t good enough said NAHB chairman Tom Woods a home builder from Blue Springs Mo Congressional action is needed to make this change permanent NAHB CEO Jerry Howard discussed the issue of standalone HRAs in a meeting with Health and Human Services Secretary Sylvia Burwell on Feb 5 In addition NAHB is calling on Congress to advance legislation based on the bipartisan bill introduced by Reps Charles Boustany R La and Mike Thompson D Calif in the waning days of the 113th Congress that would reverse the IRS regulation preventing small businesses from providing employees with standalone HRAs We look forward to working with Reps Boustany and Thompson to re introduce legislation that will require the IRS to reverse its regulation preventing small businesses from providing standalone HRAs so that they can provide better health coverage to their employees at lower costs said Woods The NASE also backs the legislation We support Congressmen Boustany and Thompson s plans to re introduce their bipartisan legislation focused on offering a permanent correction to this issue said Vlietstra This bipartisan legislation would order the IRS to reverse its regulation preventing small businesses from providing standalone HRAs so that they can support their employees and help them obtain affordable health care Their legislation combined with the momentum by Senate Republicans and Democrats to address this issue will help millions of small business owners and should be passed by Congress as soon as possible HRAs have long been used to help small business owners provide some level of financial support for their employees As an unintended consequence of the Affordable Care

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/News/nase-in-the-news/2015/02/18/treasury-delays-enforcement-of-standalone-health-reimbursement-arrangement-ban-%28accounting-today%29 (2016-02-14)
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  • Tax Outlook, A Narrow Window, Little Consensus Suggest Status Quo in Tax Policy (DTN The Progressive Farmer)
    in the year or after the fact So far that strategy has worked It s dangerous and not everybody is doing it but so far it has worked Farmers and other small businesses are now accustomed to being allowed to deduct up to 500 000 in major equipment purchases as well as take 50 bonus depreciation on the rest of their machinery or equipment buys Again Congress opted to renew those provisions in December but only for 2014 Businesses are once again back at the starting point requesting Congress renew those equipment write offs for 2015 One business group has the website section179 org to again ask Congress to keep the 500 000 level on those deductions McEowen sees little hope of Congress and the administration coming together to adopt longer term policies let alone actually reaching an agreement on tax reforms I frankly don t see the pattern changing McEowen said He added I just think they are jammed up again The president s plan rolled out before the State of the Union address would increase capital gains rates and eliminate the stepped up basis Wealthier Americans including farmers spit out their morning coffee when they heard about it but a capital gains hike already appears to be dead on arrival in Congress Still Senate Finance Committee Chairman Orrin Hatch R Utah told a group of tax attorneys and business people last week he thinks the president might agree to some changes in business taxes Members of both parties have expressed their support for a tax overhaul And I believe there is real momentum to get something done on tax reform this year if we remain committed And believe me I m committed Hatch said in a Reuters article Jan 23 PLAN B RENEW TAX CREDITS Without a grand plan Sen Charles Grassley R Iowa said Plan B would essentially be to again go back to a short term renewal of 50 or so tax provisions that continue to sunset at the end of each year Those would include the business write offs as well as tax breaks for biofuels wind and solar power You almost have to have a scenario where everything drops through and then you have to go back to the question you asked about which is tax extenders Grassley said I think that s a scenario that s realistic right now For the National Association for the Self Employed any simplification of itemization or deductions for small businesses would be helpful Shoring up language on independent contractors would help Allowing business owners to be classified as employees would also translate into tax savings Moreover the group wants to change the IRS rule on Health Reimbursement Arrangements HRA that now prevents reimbursement to employees for buying health insurance The new rule actually means small businesses that are otherwise excluded from employer mandates could still be hit with a 100 a day excise tax per employee that s 36 500 a year one of the stiffest penalties

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/News/nase-in-the-news/2015/02/06/tax-outlook-a-narrow-window-little-consensus-suggest-status-quo-in-tax-policy-%28dtn-the-progressive-farmer%29 (2016-02-14)
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  • Survey: Majority of small business owners want to decrease their current health care premiums (NJ Biz)
    delivered directly to you Click here to see all of our available RSS feeds View all NASE news Survey Majority of small business owners want to decrease their current health care premiums NJ Biz Monday February 02 2015 By Beth Fitzgerald The majority of small business owners responding to a new survey by the National Association for the Self Employed ranked decreasing monthly premiums as the major thing they would change about their current health care plan The survey by NASE a national advocate for the self employed and micro businesses found that 66 percent rate the cost of health coverage as a major concern Open enrollment ends Feb 15 in the online Affordable Care Act marketplace HealthCare gov where individuals and families including the self employed and owners of small businesses are purchasing health plans For those of low and moderate income there are federal subsidies at HealthCare gov that reduce the cost of coverage The survey was conducted Oct 27 2014 through Jan 19 2015 to gauge the opinions of small business owners and self employed entrepreneurs nationwide on the issue of health care In addition to the overwhelming majority of respondents citing the monthly premium costs as a major concern 53 percent said they had either low or very low confidence they will be able to obtain both affordable and comprehensive health care coverage in 2015 Affordability of health care coverage continues to be a major concern of small business owners across the country said Katie Vlietstra vice president for government relations and Public Affairs for NASE Greater than 23 percent of those we surveyed are budgeting to spend more than 10 000 on health care expenses alone this coming year That level of spending on health care costs hurts the bottom lines of America s smallest

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/News/nase-in-the-news/2015/02/02/survey-majority-of-small-business-owners-want-to-decrease-their-current-health-care-premiums-%28nj-biz%29 (2016-02-14)
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  • Latest News about The NASE | Small Business Grants | Health Reforms | Taxes and Accounting
    entrepreneurial development to ensure the small business community continues to move our economy forward NASE Continues to Push for Comprehensive Tax Reform NASE Apr 09 2014 On April 9 2014 the NASE submitted a statement to the House Small Business committee regarding their hearing on The Biggest Tax Problems for Small Businesses Local business owner shares concerns about Affordable Care Act Cape Gazette Mar 19 2014 Charlie Arnold of Lewes accepts the fact that President Obama s Affordable Care Act is law and he s going to abide by it The problem he has now is that the law is confusing to understand difficult to implement and there seems to be a bias Tax Changes with Keith Hall First Business Mar 17 2014 Keith Hall the President of the National Association for the Self Employed explains the tax changes small business owners need to be aware of Tax Filing Tips and Updates for Californians Rocklin and Roseville Today Mar 17 2014 As the California public including thousands of small business owners in the state prepare to file their 2013 tax returns the National Association for the Self Employed NASE a leading advocate and resource for the self employed and micro businesses today released important tax tips resources and updates to the tax code for filing accurate returns Committee explores ACA s impact on self employed individuals The Ripon Advance Mar 11 2014 The Affordable Care Act s impact on self employed business owners was the topic of a House Small Business Subcommittee on Contracting and Workforce hearing last week Rep Richard Hanna R N Y the chairman of the subcommittee said self employed business owners have faced higher insurance costs smaller provider networks and coverage confusion since implementation of the ACA Tips For Coping With New Tax Rules INVESTOR S BUSINESS DAILY Mar 07 2014 With tax season under way you re scratching your head trying to figure out how to cope with higher levies facing taxpayers on 2013 returns and how to plan for 2014 One key to tackling this problem is to think of the new rules as different aspects of the same challenge The taxes differ from one another and higher tax rates kick in at various income thresholds But the solution is the same for several of them House Small Business Subcommittee on Contracting and Workforce Hearing Insurance News Net Mar 07 2014 Chairman Hanna Ranking Member Meng and Members of the Subcommittee thank you for the opportunity today to offer the self employed s perspective on the Affordable Care Act ACA and to share with you its impact on those of us trying each and every day to keep our businesses afloat so that we can leave a lasting legacy for future generations Taking the Home Office Deduction Read This Fox Business Feb 21 2014 The IRS says it is making it easier this year to file the home office deduction Instead of filling out the long and complicated form 8829 as in the past

    Original URL path: http://selfemployed.nase.org/about-us/media-relations/News/nase-in-the-news/page/3 (2016-02-14)
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