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  • Small Business Regulation - NASE Speaks Out for the Self-Employed
    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 NASE Joins Small Business Groups to Support SBA Nomination Feb 12 2014 In advance of the February 12 2014 confirmation hearing of Maria Contreras Sweet to serve as Small Business Administration Administrator the NASE joined several small business organizations in voicing strong support for her nomination NASE Comments on Crowdfunding Rules Supports AEO Changes Feb 04 2014 On February 3 2014 the National Association for the Self Employed submitted a comment letter to the Securities and Exchanges Commission in support of recommendations made by the Association for Enterprise Opportunity to help finalize rules as it relates to Crowdfunding NASE Calls for Full Year of Open Enrollment Delay of Individual Penalty Oct 30 2013 In a letter to the House Ways and Means Committee the National Association for the Self Employed the the nation s leading advocate and resource for the self employed and micro businesses called on the U S Congress and the Administration to immediately eliminate the open enrollment deadline and delay the individual mandate penalty for one year NASE Comments on Status of ACA Implementation Aug 02 2013 The National Association for the Self Employed NASE the nation s leading advocate and resource for the self employed and micro businesses respectfully submits this official statement for the record on the committee s hearing relating to the status of the Affordable Care Act implementation held on Thursday August 1 2013 For the 22 million self employed Americans making up 78 of all small business in the United States we appreciate the opportunity to contribute our voice and perspective to the national conversation regarding the implementation of the Affordable Care Act One Year Delay of Individual Mandate Supported by NASE Jul 17 2013 The NASE for many months has been critical of the readiness of Exchanges both state operated and federally facilitated The reality of the situation is that there is a significant amount of key information missing that would inform America s smallest businesses and their employees who purchase coverage in the individual health insurance market as to how they would comply with the coverage requirements within the new health marketplaces NASE Releases ACA in Brief Jul 08 2013 Today the National Association for the Self Employed released a comprehensive two page brief on the impact of the Affordable Care Act on the self employed including some remaining questions the self employed have as we approach the October 1 2013 deadline for open enrollment in the Exchange marketplace NASE Supports Reforms to Flexible Spending Accounts May 16 2013 NASE joined several other organizations in a letter to Congress requesting changes to medical flexible spending accounts FSA use it or lose it rule NASE Continues to Provide Critical Input on Tax Reform Proposal May 15 2013 In a statement to the House Ways and Means Committee the National Association for the Self

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/page/2 (2016-02-14)
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  • NASE Signs on to Coalition Letter Supporting Repeal of New Form 1099 Reporting Requirements
    and burdensome new tax paperwork requirement included in the Patient Protection and Affordable Care Act Tax paperwork and compliance are already major expenses for small businesses and the new reporting requirements included in the Patient Protection and Affordable Care Act will only increase these costs The new filings substantially increase the current requirement by expanding both the types of businesses and transactions considered reportable This new and expanded requirement means that almost every business to business transaction is potentially reportable to the IRS According to an SBA study the cost of complying with the tax code is 66 percent higher for small business as compared to a large business The new requirements will dramatically increase these costs pulling capital out of the business that could be better used to reinvest in the business and create jobs The new reporting has nothing to do with health care but is deemed as a way to raise revenue by closing the tax gap Yet little data exists to demonstrate that the newly collected information is a source of the tax gap and it is unclear whether and how the IRS can use the paperwork Even worse under this proposal the burden of finding noncompliant taxpayers is placed on the compliant taxpayers required to file these new forms We appreciate your efforts to remove this new and onerous burden on small business and look forward to working with you to advance this legislation Sincerely National Federation of Independent Business U S Chamber of Commerce Small Business Legislative Council AMT The Advanced Manufacturing Technology The Alliance of Independent Store Owners and Professionals The Coalition for Fairness in Tax Compliance Agricultural Retailers Association American Bakers Association American Council of Engineering Companies American Council of Independent Laboratories American Farm Bureau Federation American Foundry Society American Hotel Lodging Association American Institute of Architects American Nursery Landscape Association American Road Transportation Builders Association American Society of Association Executives American Society of Interior Designers American Subcontractors Association American Veterinary Medical Association Associated Builders and Contractors The Associated General Contractors of America Automotive Recyclers Association Commercial Photographers International Door and Hardware Institute Hearth Patio Barbecue Association Independent Community Bankers of America Independent Electrical Contractors Independent Office Products Furniture Dealers Association International Franchise Association International Housewares Association International Sleep Products Association Money Mailer Manufacturers Agents Association for the Foodservice Industry Manufacturers Agents National Association Manufacturing Jewelers and Suppliers of America National Association for the Self Employed National Association of Home Builders National Association of Manufacturers National Association of RV Parks Campgrounds National Association of Theatre Owners National Association of Wholesaler Distributors National Automobile Dealers Association American Truck Dealers National Christmas Tree Association National Club Association National Community Pharmacists Association National Electrical Manufacturers Representatives Association National Home Furnishings Association National Lumber and Building Material Dealers Association National Restaurant Association National Roofing Contractors Association National Small Business Association Northeastern Retail Lumber Association North American Die Casting Association NPES The Association for Suppliers of Printing Publishing and Converting Technologies Outdoor Power Equipment Aftermarket Association Outdoor

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2010/05/14/NASE_Signs_on_to_Coalition_Letter_Supporting_Repeal_of_New_Form_1099_Reporting_Requirements (2016-02-14)
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  • National Association for the Self-Employed Statement on the Patient Protection and Affordable Care Act (H.R. 3590)
    managing and growing their business while also preventing many prospective entrepreneurs from entering self employment The self employed represent 78 percent of all small businesses in the United States For the past ten years self employed businesses have grown faster than all other segments of the business population contributing close to 1 trillion dollars to our economy in 2007 Self Employed and the US Economy Charts Statistics Yet one third of self employed individuals are currently uninsured with cost being the primary reason for their lack of insurance Furthermore 71 percent of self employed individuals have gone uninsured at some point in their lives Those with coverage have experienced double digit premium increases every year making it difficult for them to retain insurance As we can see cost is key to the self employed and thus affordability is their top priority in health reform The National Association for the Self Employed has been continuously working to educate Members of Congress and the Administration on the needs of the self employed NASE s objective has been to engage in the debate and be part of the solution Our ultimate goal was to incorporate some needed changes into the Patient Protection and Affordable Care Act H R 3590 to make the bill viable for the self employed Health Reform A Self Employed Perspective Charts Statistics The NASE strongly supported the inclusion of Senate Amendment 3013 offered by Senators Landrieu Lincoln Stabenow Shaheen and Bayh which would have provided the self employed with a 50 percent business deduction for their health care costs an important first step in making the tax treatment of health costs fair for all businesses This provision would have provided immediate bottom line savings on health costs for self employed Americans However Senate leadership chose to forgo this key amendment and instead focused budget resources on expanding premium assistance for bigger businesses that contribute at least 50 to the cost of group health coverage for their employees Based on a June 2008 NASE Survey Health Coverage A Micro Business Perspective only 18 6 of micro businesses those with fewer than ten employees are currently offering employer sponsored health coverage to workers and thus would be able to access the small business tax credit in H R 3590 Self employed individuals and workers of small businesses not providing group coverage will have to wait until 2014 to receive any premium assistance to afford health coverage To qualify self employed business owners must have an individual household income below 43 320 or a household income below 88 200 for a family of four and must purchase coverage in the newly created state based health marketplaces known as Exchanges In addition to the limited premium assistance offered to the self employed in H R 3590 the legislation adds new benefit mandates that will increase the cost of coverage approximately 10 to 13 percent according to the Congressional Budget Office New restrictions on deductibles and out of pocket costs in conjunction with required

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2009/12/22/National_Association_for_the_Self-Employed_Statement_on_the_Patient_Protection_and_Affordable_Care_Act_H_R_3590 (2016-02-14)
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  • NASE Asks Legislators to Remember Self-Employed in Health Reform
    group health coverage was again cost We strongly support the individual and small employer tax credit the national Exchange and the market reforms such as prohibiting insurance rating based on health status or pre existing conditions that have been included in H R 3962 However the NASE fears that new benefit requirements coupled with minimal cost relief provisions in the Affordable Health Care for America Act could leave micro businesses and the self employed paying more for health insurance after reform than they are currently According to the Congressional Budget Office CBO the average premium that citizens would pay based on the three lowest cost plans under the House bill would be 5 300 for an individual single policy and 15 000 for a family policy which is greater than what a number of NASE members are currently paying for health coverage While we feel it is important that self employed business owners have access to meaningful health coverage if Congress is going to mandate that all Americans purchase insurance they must also ensure that coverage is affordable We urge Congress to consider including the following provisions which would provide the self employed and their workers with immediate relief from high health costs Creation of a temporary health tax credit to be available from 2010 2012 The tax credits in H R 3962 are the only quantifiable item in the bill that would benefit the bottom line of micro businesses Yet this critical tax credit does not begin until 2013 leaving the self employed to grapple with high health costs for another three years While we understand the goal is to incentivize the new Exchange we feel it is imperative to provide micro businesses the self employed and their workers with premium assistance now We support the creation of a temporary refundable and advanceable health tax credit of 1 000 for individuals 2 000 for married couples and 500 per dependent up to 3 000 per family available to those making below 400 percent of the federal poverty level The credit would be available from 2010 through2012 to assist in lowering health costs and would end in 2013 once the Exchange and tax credit mechanism set forth in H R 3962 is operational Estimated bottom line cost savings to the self employed 1 000 3 000 Make tax treatment of health care fair for all employers Sole proprietors which represent over 22 million of our nation s smallest businesses are the only business entity that does not receive a full deduction for health insurance costs This inequity results in the self employed paying 15 3 percent in additional taxes and must be fixed We urge Congress to incorporate the Equity for Our Nation s Self Employed Act H R 1470 into the larger health reform bill to level the playing field and lower health costs for the self employed Estimated bottom line cost savings to the self employed 738 for individual coverage and 2 046 for family coverage based on

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2009/11/06/NASE_Asks_Legislators_to_Remember_Self-Employed_in_Health_Reform (2016-02-14)
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  • NASE Testifies On Extension Of Expiring Tax Incentives
    whom were never part of the AMT concept of paying your fair share that gave rise to the tax in the first place Allowing the increase in the exemption amount to sunset would directly increase the tax burden for many Americans past their fair share simply because they may live in a state with a higher than average state income tax Others would pay more than their fair share simply because they have a larger than average family Others would pay more than their fair share simply because they have higher mortgage interest due to a second lien necessary to fund their business or a child s education Clearly none of these scenarios was the intent of the AMT from so many years ago The Alternative Minimum Tax exemption amount under Internal Revenue Code Section 55 was increased to 70 950 for married taxpayers filing a joint return in 2009 For single taxpayers in 2009 the exemption amount is 46 700 After 2009 those exemption amounts are scheduled to drop to 45 000 and 33 750 respectively That represents more than a 37 decrease in the exemption amount for joint filers and a 27 decrease in the exemption for single taxpayers As a direct result potentially millions of Americans will be subject to Alternative Minimum Tax in 2010 that were not in 2009 without any change in their underlying earnings deductions exemptions or any other material economic factor The bottom line is that these Americans many of whom are small businesses will pay more in tax without any corresponding increase in earnings In other words this would cause a direct and unintended tax increase on the very sector that we are all relying on to continue the economic recovery At a very minimum the exemption amounts should not be allowed to decrease but should be increased annually based on an inflation index in order to continue the recovery Regardless of the net tax impact the Alternative Minimum Tax System is still expensive to small business Even if the AMT system does not result in any additional tax it still must be calculated The most common mistake related to AMT is simply not knowing that it needed to be calculated The AMT requires a completely different set of rules and requirements for the tax calculation The Committee has continually promoted the need for simplification in the Tax Code yet here is a single topic that results in a whole new set of rules and regulations In fact a single topic that results in virtually a second tax return a second set of records a second tax liability and a second set of headaches The following is an excerpt from the Instructions for Form 6251 Alternative Minimum Tax Individuals Recordkeeping For the AMT certain items of income deductions etc receive different tax treatment than for the regular tax Therefore you need to refigure items for the AMT that you figured for the regular tax In some cases you may wish to do

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2009/09/30/NASE_Testifies_On_Extension_Of_Expiring_Tax_Incentives (2016-02-14)
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  • National Association for the Self-Employed (NASE) Health Reform Priorities
    immediately participate in an Exchange once set up and running with the option of expanding the exchange over the next few years to businesses up to 100 employees again with the purpose of creating the largest pool possible We would like to emphasize the importance of an Exchange in providing the self employed micro businesses and their employees with easy to understand information regarding insurers and benefit options available to them This should be a central component of any Exchange or Gateway design Tax Provisions The NASE supports the use of tax credits to assist in making health care more affordable for the self employed and micro business As mentioned any reform bill should include a substantial and easy to calculate refundable tax credit for the self employed micro businesses and their employees At present two key tax items for the self employed have been excluded from the current reform proposals Fix for the deductibility of health insurance for the self employed Under the current tax code corporations are able to deduct health insurance premiums as a business expense and to forgo payroll taxes on these expenses In addition their employees are able to pay for health coverage with pre tax dollars However sole proprietors are unable to deduct premiums as a business expense Since they do not receive this deduction they are required to pay significantly more in self employment tax their payroll taxes How much is the extra tax each year The self employed must pay 15 3 in self employment taxes A business owner paying 6 000 per year on health insurance must also pay 918 00 in additional self employment taxes because of this inequality in the tax code a substantial sum for the smallest of businesses There is legislation in the House H R 1470 and Senate S 725 to level the playing field for the self employed yet these provisions have not been included nor offered as amendments to the larger health reform bills The expansion of Health Reimbursement Arrangements HRAs HRAs are a flexible benefit option that allows small business owners to reimburse employees tax free for out of pocket medical costs including health insurance premiums A key benefit of an HRA is that they do not require the business owner to purchase a group health plan Thus setting up an HRA can offer some financial assistance to employees of micro businesses that are unable to afford group health insurance Additionally since cost is such a crucial factor for the self employed an HRA gives the owner consistency and stability in health benefit costs At present sole proprietors are not eligible to participate in an HRA an inequity that negatively impacts millions of business owners and employees Improving Health Reimbursement Arrangements to allow the self employed business owner to participate in the plan would significantly increase the number of owners and employees of micro businesses receiving health benefits and financial assistance with medical costs Why is this so important to health reform Due

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2009/08/10/National_Association_for_the_Self-Employed_NASE_Health_Reform_Priorities (2016-02-14)
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  • NASE and NAR Ask Legislators To Remember Self-Employed
    Hill View all NASE news NASE and NAR Ask Legislators To Remember Self Employed Monday July 20 2009 View print version here July 20 2009 United States House of Representatives Washington DC 20515 Dear Representative As Congress continues its important work on health care reform we write to urge that any final health reform measure address the unique problems experienced by America s self employed workforce With over 22 million individuals the self employed are a significant portion of the American workforce As a result of their individual small size they have been hit particularly hard by the skyrocketing health care costs forcing many of them to become uninsured In a 2008 study the National Association of the Self Employed NASE found that 20 percent of the nation s self employed have no health coverage In certain industries such as real estate that percentage is even higher Our organizations share the goal of giving every American access to affordable health care but also believe that it is critical that the unique challenges that face the self employed be recognized and addressed as part of anticipated health reforms As our nations smallest businesses many of the mandates and reforms that are being discussed will fall on these entrepreneurs in disproportionate numbers often with unintended consequences While we applaud many of the core tenets being discussed such as risk pooling guaranteed coverage and other underwriting and rating reforms we also believe that in order for the self employed to benefit from health care reform Congress should first do no harm We urge you to Avoid saddling individuals with coverage they can t afford Any individual mandate must include adequate affordability credits to address the high cost of insurance for individuals These credits should take into account the uneven flow of revenue experienced in many industries where budgeting from year to year or even month to month can be difficult Because of this difficulty we believe the self employed should be given the ability to choose whether they participate as either an individual or small business so they can pick the designation that best meets their individual needs Make tax treatment of health care fair for all employers While Congress debates whether or not to tax benefits it is important to remember that the self employed are not able to deduct the cost of their health insurance premiums for the purposes of calculating self employment taxes Consequently the self employed are the only business entity that does not receive a full deduction for health insurance costs This inequity results in the self employed paying 15 3 in additional taxes and must be fixed Oppose a mandate on employers to provide coverage The smallest business owners are those who face the largest hurdles in providing employee health coverage at any price Imposing a mandate on these small employers to buy coverage could instead force them out of business If Congress decides to include an employer mandate it is imperative that 1 the tax credits

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2009/07/20/NASE_and_NAR_Ask_Legislators_To_Remember_Self-Employed (2016-02-14)
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  • NASE, Other Small Business Groups Write To Congress About Health Reform
    lawmakers work to address the healthcare affordability crisis facing our country our organizations are writing to urge you to remember that our nation s small businesses and the self employed share a problem that plagues all of our members the soaring cost of healthcare Similarly our members share the strong desire to enact reforms that improve access and affordability for themselves their employees and their families For too many small business owners healthcare is one of their fastest growing and most unpredictable costs Since 1999 health insurance costs for small firms have increased 113 percent In spite of the increases the ever escalating cost does not correlate with increased healthcare benefits Instead employees in our nation s smallest firms pay an average of 18 percent more in health insurance premiums for the same benefits as the largest firms Congress can take immediate action to increase access to quality affordable health insurance As both purchasers and consumers of care small businesses and the self employed believe reform should achieve at least four goals Instituting insurance market reforms that increase access expand choice and spur competition for private insurance Creating marketplaces that provide greater transparency and efficient approaches for purchasing insurance Providing equity in tax treatment regardless of how or where insurance is purchased and Improving affordability and providing for sustainable cost containment by eliminating wasteful spending in the overall healthcare system While our organizations and the members we represent agree that the status quo is unsustainable it is critical to emphasize that not just any reform will do As the country s largest oldest and most respected small business associations we are dedicated to bringing the kind of reform small businesses truly need and will support reforms that improve rather than worsen the current situation for our nation s job creators

    Original URL path: http://selfemployed.nase.org/nase-in-action/advocacy/2009/07/16/NASE_Other_Small_Business_Groups_Write_To_Congress_About_Health_Reform (2016-02-14)
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