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  • NASE Provides Critical Feedback to Small Business Tax Reform Discussion Draft
    is in favor of comprehensive tax reform in order to create a simplified tax code that treats all businesses fairly while also removing unnecessary hurdles and streamlining a cumbersome and overwhelming tax filing process So strong is the call for reform that in 2012 96 percent of our members deemed individual and corporate tax reform as a very important or moderately important issue for Congress to address in 2013 DISCUSSION DRAFT The NASE fully understands that the Ways and Means small business draft is not inclusive of all potential recommendations for reform but we are concerned that the draft seems to be completely void of any proposals that would address the continued disparity faced by the self employed under the current tax code In blunt terms only one of the four components has any bearing on the self employed community Unified Deduction for Start Up and Organizations Expenses And it is ironic that the framework for the unified deduction is included in H R 886 Small Business Tax Relief Act of 2013 which includes an additional six other tax measures that the small business draft overlooks Note the small business draft does include the permanent expensing provision which is included in H R 866 Due to our concern the NASE has met with various tax staff members to discuss additional items that we encourage the House Committee on Ways Means as well as the House Committee on Small Business to consider as they near finalizing draft legislation reforming the tax code True to his word Chairman Camp has led a transparent process for his reform efforts which is to be applauded and we are hopeful that our recommendations will be strongly considered and included in the final text of the overhaul tax reform proposal PROPOSED RECOMMENDATIONS The following are additional tax proposals put forth by the NASE Deduction of health insurance costs for the self employed as a qualified business expense by adding a line item on the Schedule C form and not on page one of Form 1040 The biggest tax inequity faced by the self employed continues to be their inability to deduct the cost of the health insurance as a qualified business expense This amounts to roughly 1 800 in additional taxes per year for self employed individuals Amend the definition of employee to include the owner and spouse of a sole proprietorship or a 2 percent or greater shareholder in an S Corporation a simple legislative or administrative fix to current language This would address many issues related to fringe benefits for example the applicability of an HRA 105 plan retirement plan contributions and health insurance premiums Simplified and streamlined definition of independent contractor versus employee by expanding the Form 1099 that requires the owner and contractor to agree to their business relationship in a transparent manner Reduction of abuse by business owners and their use of independent contractors Simplified depreciation calculators reporting requirements and accelerated options for most standard business items and amounts all of

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2013/04/15/nase-provides-critical-feedback-to-small-business-tax-reform-discussion-draft (2016-02-14)
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  • NASE Shares Frustration in Continued Delays on Implementation of the JOBS Act
    track record of advocating for its Members on Capitol Hill View all NASE news NASE Shares Frustration in Continued Delays on Implementation of the JOBS Act Monday April 15 2013 On Thursday April 11 2013 the House Small Business subcommittee on Investigations Oversight and Regulations held a hearing on the implementation of the JOBS Act which has been significantly delayed due to regulatory inaction the NASE submitted an official Statement of the Record expressing our exacerbation on the lack of action Download the full statement for the record Statement for the Record Submitted to the Committee on Small Business United States House of Representatives Washington D C Submitted by Kristie Arslan President CEO National Association for the Self Employed April 11 2013 The National Association for the Self Employed NASE respectfully submits this official statement for the record on the April 11 2013 hearing JOBS Act Implementation Update The NASE represents the 22 million self employed and micro business owners 10 employees or fewer providing educational resources for those looking to start and grow their businesses Founded in 1981 the association has been the sole voice advocating for America s small businesses in all areas of public policy On behalf of the 22 million self employed the NASE would like to thank Chairman Schweikert for holding today s hearing on the lack activity by the Securities and Exchange Commission in promulgating proposed and final rules for the provisions included in the JOBS Act The NASE strongly endorsed the JOBS Act applauding Congress s bi partisan action on legislation aimed at supporting and encouraging small business growth especially embracing the ability for individuals and small businesses to raise capital through crowdfunding The NASE believes that crowdfunding is an exciting avenue for both new entrepreneurs and established small businesses to raise needed capital to launch or grow a small business At present nearly 48 percent of the self employed and micro businesses are utilizing personal or retirement savings to keep their businesses afloat accordingly to a 2012 poll of NASE Members Furthermore friends and family have been a primary source of funding for many new entrepreneurs Crowdfunding will bring together this age old approach to financing with technology and investment practices allowing small business owners and aspiring entrepreneurs the opportunity to reach out to their communities investors and the world to secure necessary funding to start and expand their business While we understand that the regulatory process is not designed to be expedient the NASE struggles to understand how it is that the Securities and Exchange Commission continues to be deaf to the growing calls to release at a minimum a timeline for anticipated action We ask that the subcommittee uses its oversight responsibility to continue to hold the SEC accountable and ensure that the provisions of the JOBS Act are implemented through the rulemaking process without delay Crowdfunding plays an important part in helping small business owners navigate challenging financial times while also opening new avenues of funding opportunities for America

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2013/04/15/nase-shares-frustration-in-continued-delays-on-implementation-of-the-jobs-act (2016-02-14)
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  • NASE Provides Comment on Small Business Hearing Focused on Tax Reform
    is the call for reform that in 2012 96 percent of our members deemed individual and corporate tax reform as a very important or moderately important issue for Congress to address in 2013 Yet lawmakers largely ignore the self employed in proposed reforms The NASE fully understands that the Ways and Means small business draft is not inclusive of all potential recommendations for reform but we are concerned that the draft seems to be completely void of any proposals that would address the continued disparity faced by the self employed under the current tax code In blunt terms only one of the four components has any bearing on the self employed community Unified Deduction for Start Up and Organizations Expenses And it is ironic that the framework for the unified deduction is included in H R 886 Small Business Tax Relief Act of 2013 which includes an additional six other tax measures that the small business draft overlooks Note the small business draft does include the permanent expensing provision which is included in H R 866 Due to our concern the NASE has met with various tax staff members to discuss additional items that we encourage the House Committee on Ways Means as well as the House Committee on Small Business to consider as they near finalizing draft legislation reforming the tax code True to his word Chairman Camp has led a transparent process for his reform efforts which is to be applauded and we are hopeful that our recommendations will be strongly considered and included in the final text of the overhaul tax reform proposal The following are additional tax proposals put forth by the NASE Deduction of health insurance costs for the self employed as a qualified business expense by adding a line item on the Schedule C form and not on page one of Form 1040 The biggest tax inequity faced by the self employed continues to be their inability to deduct the cost of the health insurance as a qualified business expense This amounts to roughly 1 800 in additional taxes per year for self employed individuals Amend the definition of employee to include the owner and spouse of a sole proprietorship or a 2 percent or greater shareholder in an S Corporation a simple legislative or administrative fix to current language This would address many issues related to fringe benefits for example the applicability of an HRA 105 plan retirement plan contributions and health insurance premiums Simplified and streamlined definition of independent contractor versus employee by expanding the Form 1099 that requires the owner and contractor to agree to their business relationship in a transparent manner Resulting in a r eduction of abuse by business owners and their use of independent contractors Simplified depreciation calculators reporting requirements and accelerated options for most standard business items and amounts all of which would be included as a line on the Schedule C form In developing simplified deduction calculators the business owner would be able to easily apply

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2013/04/15/nase-provides-comment-on-small-business-hearing-focused-on-tax-reform (2016-02-14)
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  • H.R. 886 Calls for Permanent Deduction to Health Insurance Deduction for Self-Employed
    today received the full support of the National Association for the Self Employed in a letter to the two lawmakers March 20 2013 Representative Gerlach and Representative Kind On behalf of the 22 million self employed Americans the National Association for the Self Employed NASE would like to thank you for introducing H R 886 America s Small Business Tax Relief Act of 2013 Your championship of this legislation in the previous and current 113 th Congress signals to the small business community that they have two strong advocates working on their behalf in Washington D C The NASE believes in the commitment by the House Ways and Means Committee to embark on significant corporate and individual tax reform in the months ahead and we hope that your proposed legislation will be a part of the discussion as congressional leaders look to level the playing field and bring equity for the self employed to the outdated complex tax code The bill clearly signals the intent of lawmakers to ensure the viability of America s smallest businesses and will allow these businesses to grow and thrive Of the eight provisions included in H R 6102 the NASE champions the permanent full deduction of health insurance for the self employed In June 2012 the NASE released its national health care survey in which 85 of respondents indicated that rising health coverage costs have been detrimental to themselves their families their businesses and their bottom line over the past three years Juxtapose this against the fact that in 2011 the number of insured self employed was at its highest 77 And yet the self employed pay on average nearly 1 800 in additional taxes that no other business owners face because they simply decided to purchase health insurance If the self employed were

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2013/03/20/h.r.-886-calls-for-permanent-deduction-to-health-insurance-deduction-for-self-employed (2016-02-14)
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  • NASE Comments on ACA Tax Provisions: Highlights Lack of Options for SE
    majority 84 9 of the respondents indicate that rising health coverage costs have been detrimental to themselves their families and their business over the past three years Most acute has been the bottom line impact 53 9 say rising health coverage costs have cut their household income Significant responses are also seen for having to scale back drop health coverage cited by 37 5 Business specific impacts are also clearly seen 27 4 say their business is struggling to survive and more than one in ten say they have cancelled put on hold plans to hire new employees and or expand their business Small Business Tax Credit For the self employed the health insurance mandate fundamentally changes how they purchase health insurance and with very little consideration of the significantly higher costs they will now be required to burden For example the Small Business Tax Credit provides minuscule relief for those self employed micro businesses owners that offer health insurance a recent NASE survey found that only 18 6 of our members provided employer sponsored coverage while the remaining cited the high cost as the reason why they do not offer health insurance for their employees For those qualifying small businesses you must drop your existing coverage and move into the exchange market all but guarantying a 10 13 increase in your health insurance premiums due to the minimum coverage requirements dictated by the Essential Health Benefits and then the tax credit is only available for two years The approximate 22 million self employed business owners are excluded from eligibility for the Small Business Tax Credit leaving the premium assistance tax credits in the individual exchanges as their only avenue for financial assistance to afford health coverage The fact is a substantial amount of these self employed business owners will not quality for the necessary premium assistance that will be needed to offset the increased cost of health insurance leaving America s smallest businesses in a far more financially precarious position than prior to health reform Simply put the Affordable Care Act does not include any significant tax benefit for the self employed micro business community to purchase health insurance for their employees and in fact does very little to encourage business owners to comply with the mandate due to the outrageous increase in health insurance premiums Further Market Reforms While the daunting task of ensuring the Affordable Care Act and its 46 tax provisions are implemented and given adequate oversight the NASE has proposed changes to the current tax code that would help the self employed when it comes to purchasing health insurance Full deduction of health insurance costs for the self employed This would have the single greatest impact on motivating the self employed to engage in the new health insurance exchange market 78 of all small businesses are currently treated unfairly under the current tax code paying nearly 15 3 in additional taxes annually due to their inability to deduct the cost of their health insurance as

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2013/03/20/nase-comments-on-aca-tax-provisions-highlights-lack-of-options-for-se (2016-02-14)
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  • NASE Urges Members to Call Elected Officials to Support S. 2050 and H.R. 6102
    Self Employed Rights Through NASE the self employed and micro businesses have a powerful voice representing their interests NASE has a strong track record of advocating for its Members on Capitol Hill View all NASE news NASE Urges Members to Call Elected Officials to Support S 2050 and H R 6102 Tuesday July 17 2012 The NASE in conjunction with TheSelfEmployedMatter Twitter campaign is encouraging its members to contact their U S Senators and urge them to support S 2050 and their Member of Congress and urge them to co sponsor H R 6102 S 2050 calls for a two year extension of the self employed health insurance deduction H R 6102 makes permanent the health insurance deduction along with seven other key provisions Please find a recommended script for your phone calls below Contact Your Your Elected Officials on S 2050 and H R 6102 Urge Your Elected Officials to Support Equity for the Nation s Self Employed Bills in the Senate and the House Provide the Self Employed a Business Deduction of Health Insurance Costs The NASE needs your help We are urging Congress to pass legislation to allow you the self employed to receive a full business deduction for your health coverage costs If you are sole proprietor you are unable to deduct your health care costs as a business expense and thus pay more in self employment taxes i e FICA taxes than all other businesses In 2010 a one year temporary deduction was passed into law providing you bottom line savings on your 2010 tax return We are fighting to make this tax benefit permanent for you Help us by reaching out to your legislators Here s how To Contact by Phone This is the most effective way for your elected officials two Senators and one Representative and his her staff to hear your concerns When calling your elected officials office a staff person will speak with you and take note of your comments and concerns Staff hears from constituents all the time so don t hesitate to call the office but please remember to be respectful of their time Please find below a phone script that may help you with your call Sharing how this proposal will affect you and your business is most useful to your elected officials and their staff We encourage you to call the Washington D C office of your two Senators and one Representative since that is where policy staff resides The contact information for their offices can be found at the following Web site YourVoiceInDC LegislativeActCntr aspx Remember Be Polite Be Clear and Be Brief Suggested Phone Script I am a self employed business owner from CITY STATE I am calling because I would like to urge you to support When calling your two elected Senators ask them to support S 2050 When calling your elected Representative ask him her to support H R 6102 and H R 880 Because I am a sole proprietor I am unable

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2012/07/17/NASE_Urges_Members_to_Call_Elected_Officials_to_Support_S_2050_and_H_R_6102 (2016-02-14)
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  • NASE Raises Concerns Over Consumer Financial Protection Bureau's Treatment of Small Businesses
    Pryor amendment which puts a process into place to require the CFPB to consider the impact of costly regulations on small businesses 1 The Snowe Pryor language contains two important provisions 1 requiring the CFPB to publicly consider how rules will impact the cost of credit for small firms and 2 requiring the CFPB to conduct Small Business Advocacy Review SBAR panels on rules that will impact small businesses The CFPB s public consideration of how new rules will impact the cost of credit for small business is important because of the struggles small employers face to meet their credit needs We urge the CFPB to draw a careful balance between providing consumers with added protections while at the same time making sure rules do not negatively impact the cost of credit for small businesses The SBAR panel process originally enacted into law by the 1996 Small Business Regulatory Enforcement Fairness Act SBREFA lays out a procedure that is intended to minimize regulatory costs on small businesses These panels are made up of small business representatives and are facilitated by the Small Business Administration s Office of Advocacy SBAR panels are responsible for issuing a small business report prior the promulgation of a proposed rule The small business report 1 Pub L No 111 203 Section 1100 G Small Business Fairness and Regulatory Transparency July 21 2010 contains recommendations on alternatives that can meet the regulators objectives while minimizing costs on small businesses We believe that the CFPB s first rulemaking will set the tone for how the bureau complies with SBREFA In following CFPB s efforts to simplify mortgage closing documents we are concerned that CFPB may be ignoring the value of SBREFA which will result in undue burden on small businesses After two decades of consultation by the U S Department of Housing and Urban Development HUD and other agencies on reforms to the Real Estate Settlement Procedures Act RESPA the CFPB started work on simplifying mortgage closing documents this past May While the effort to streamline the home buying process by reducing red tape may be a laudable goal the CFPB has not started the SBAR process yet The Snowe Pryor amendment is intended to help the CFPB flush out small business friendly proposals early in the process It is unfortunate that the CFPB has worked for more than nine months on re designing mortgage documents narrowing down the choices for a new form without convening a SBAR panel This approach raises concerns with how the CFPB is approaching compliance with SBREFA and how the CFPB expects to convene SBAR panels for future rulemakings Working with small business trade and membership organizations early in the regulatory process will connect the CFPB with small businesses that rely on us for regulatory advice Interaction with our members and convening SBAR panels early enough in the process for small businesses to make meaningful recommendations are essential for SBREFA to work SBREFA if implemented correctly will allow for the CFPB to

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2012/01/30/NASE_Raises_Concerns_Over_Consumer_Financial_Protection_Bureau_s_Treatment_of_Small_Businesses (2016-02-14)
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  • NASE Congratulates SBA Administrator Mills on Cabinet Level Role
    Directory NASE Advocacy Efforts Know Your Self Employed Rights Through NASE the self employed and micro businesses have a powerful voice representing their interests NASE has a strong track record of advocating for its Members on Capitol Hill View all NASE news NASE Congratulates SBA Administrator Mills on Cabinet Level Role Wednesday January 25 2012 In a letter to Administrator Karen Mills NASE congratulates her newly designated cabinet level status and applauds President Obama s decision to elevate the Small Business Administration to cabinet level status during this time of reorganization and consolidation NASE Letter to SBA Administrator Karen Mills January 25 2012 Dear Administrator Mills It is with great pleasure that I congratulate you on your newly designated cabinet level status President Obama s decision to elevate the Small Business Administration shows his commitment to ensuring that the small business community including the 22 million self employed has a strong voice within his Administration and the federal government The National Association for the Self Employed NASE views this move along with the President s request to consolidate and reorganize six major organizations including the Department of Commerce and the Small Business Administration into a new federal department as positive and timely As you are well aware the small business community is an engine of economic growth and will serve so indefinitely With the consolidation of resources into one organization we believe that the many factors that dissuade individuals from pursuing their dream of self employment mainly bureaucratic red tape can be improved upon or eliminated As you work with your fellow colleagues in the Administration to create this new agency we implore you to consider several important items First it is imperative that the leadership team of the new agency has a clear understanding on its mission of supporting

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2012/01/25/NASE_Congratulates_SBA_Administrator_Mills_on_Cabinet_Level_Role (2016-02-14)
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