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  • One Year Delay of Individual Mandate Supported by NASE
    the sentiment that the marketplaces will have significant challenges in educating and attracting consumers during the open enrollment process The NASE supports efforts to delay the individual mandate requirement so that America s smallest businesses can accurately and properly prepare for absorbing the costs of health insurance for themselves their families and employees With the Administration s decision on July 2nd to delay the employer mandate we believe this is an equity issue for the 22 million self employed Along with three other organizations the NASE has sent a letter to members of the U S House of Representatives asking for their support on H R 2668 Full text of the NASE Coalition Letter July 17 2013 United States House of Representatives Washington D C 20515 Dear Representative On behalf of the 22 million self employed 4 6 million micro business owners and their employees the National Association for the Self Employed NASE and the undersigned organizations request your support of H R 2668 Fairness for American Families Act introduced by Representatives Todd Young R IN and Tim Griffin R AR which would delay for one year the individual coverage requirement included in the Affordable Care Act 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 As it stands there is little to no information regarding participating insurance carriers and premium costs in Exchanges further exasperating the sentiment that the marketplaces will have significant challenges in educating and attracting consumers during the open enrollment process For the self employed and micro business community the cost of health coverage is the deciding factor in whether they choose to purchase health insurance for themselves and their families as well as provide a financial contribution to their employees for health costs At present our members find themselves in the unfortunate situation of being unable to plan for the expense of health insurance come 2014 due to the lack of information on health insurance premiums The NASE and the undersigned organizations feel strongly that a one year delay of the individual coverage requirement would allow for a more thoughtful and robust education on the new requirements and options brought on by the implementation of the health reform law as well as the new enrollment process Health insurance coverage is one of the largest expenditures of America s smallest businesses and an economic decision for many that should be made based on accurate and timely information We estimate that nearly 6 2 million self employed business owners are currently without coverage and their successful integration into the exchange marketplace is key to the overall success of ensuring all Americans can access affordable and comprehensive health

    Original URL path: http://selfemployed.nase.org/about-us/nase-publications/self-employed/2013/07/17/one-year-delay-of-individual-mandate-supported-by-nase (2016-02-14)
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  • NASE Supports Reforms to Flexible Spending Accounts
    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 Download the letter The Honorable Charles Boustany 1431 Longworth House Office Building Washington D C 20515 The Honorable John Larson 1501 Longworth House Office Building Washington DC 20515 Dear Congressman Boustany and Congressman Larson The Council for Affordable Health Coverage CAHC is a broad based alliance dedicated to bringing down the cost of health care for all Americans Our membership includes organizations representing small and large employers insurers brokers and agents physician and patient organizations The undersigned CAHC members are writing to express our support for the Medical Flexible Spending Account FSA Improvement Act H R 1634 which would strengthen the law s original intent by repealing the use it or lose it requirement About 35 million predominantly middle income Americans currently have an FSA which they build up through salary deductions Most large employers offer this option By allowing workers to cover out of pocket health expenses with pre tax dollars FSAs create tax parity with first dollar plans They also promote smart and prudent health care decisions at the point of sale When used in conjunction with high deductible plans FSAs help to ensure that workers do not skip or delay essential health care Current rules discourage worker participation in FSAs by requiring them to forfeit any funds not spent during the course of the calendar year According to the Employers Council on Flexible Compensation in any given year at least 40 percent of FSA participants forfeit money this way In 20 percent of these cases the amount forfeited exceeds 500 One result is that only about 20 percent of eligible employees establish an FSA Of those who do millions of underfund their accounts in order to avoid losing money at the end of every year The use it or lose it rule has a number of unintended consequences Those who fail to create or underfund FSAs often skip or delay necessary care Those who have FSAs often spend wastefully at the end of the year in order to use up their balances The FSA Improvement Act would permit but not require employers to allow FSA enrollees to cash out amounts in their FSA that are not spent for medical care Balanced cashed out this way would be regular income subject to payroll and income taxes From a technical tax policy standpoint the use it or lose it now represents a cap within a cap and thus serves no policy purpose Repealing use it or use it would have no budgetary impact Again we are pleased to express our strong support for H R 1634 the Medical Flexible Spending Account Improvement Act We believe this legislation should be enacted to make FSAs a more useful and attractive option for individuals and families to finance their health care needs Sincerely American Academy of Ophthalmology American Osteopathic Association Communicating for America Healthcare Leadership Council

    Original URL path: http://selfemployed.nase.org/about-us/nase-publications/self-employed/2013/05/16/nase-supports-reforms-to-flexible-spending-accounts (2016-02-14)
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  • Biz Talk with Josh Smith Radio Interview
    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 Self Employed In depth articles about marketing finance management customer service and more View all NASE news Biz Talk with Josh Smith Radio Interview Tuesday April 02 2013 NASE President CEO Kristie Arlsan was on Biz Talk with Josh Smith to talk about the Home Office Deduction and Health Reform Head over to the Biz Talk website to listen to a recording of the show Biz Talk 03 31 13 mp3 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 Preview Statistics and Resizer Editor Mode buttons Statistics module Editor resizer RadEditor please enable JavaScript to use the rich text editor RadEditor s Modules special tools used to provide extra information such as

    Original URL path: http://selfemployed.nase.org/about-us/nase-publications/self-employed/2013/04/02/biz-talk-with-josh-smith-radio-interview (2016-02-14)
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  • 20 Days Until Tax Day – Are You Ready?
    plan have increased Sales tax deduction extended for 2012 Tuition expense deduction extended for 2012 AMT exemption amount extended for 2012 and made permanent TAX TIPS Avoid Shortcuts Tax Tip 4 Just about three weeks left until the dreaded IRS due date for individual income tax returns The closer we get to that filing due date the greater the temptations become to take a short cut You may have heard yourself saying things like I think I had about 4 000 business miles last year so I ll just use that number again Or I think I had about 1 100 in meals last year so let s just use that again It is imperative to avoid those temptations Now is the time to make sure your tax return is the best it can be If the IRS does choose to ask you a question about this return it won t be next week or even next month but will be over two years from now You won t remember why you included 4 000 business miles or 1 100 in meals and you will lose those deductions Take some extra time now to do your return right Avoid those tempting shortcuts You ll be glad you did Commonly Missed Deductions Tax Tip 3 As you probably know most business deductions that are included on the small business owner s tax return come right out of your business checkbook You write a check use your debit card or pay an online bill and then you just have to decide which line on your Schedule C to include the expenses But many deductions don t show up in your business checkbook and if you don t know how to look for them they could be missed The business use of your vehicle and the business use of a part of your home are both often overlooked leaving thousands of dollars on the table The potential tax savings benefit of a retirement contribution is also often overlooked since no one ever sends us a reminder or a bill So before you send in that return make sure you look for these hidden deductions and remember to invest in your own future Resources You Are Not Alone Tax Tip 2 Hopefully you are well on your way to accumulating all of the paper statements and receipts you ll need to complete your tax return Tackling your return can certainly be difficult with all of the detail that you are asked to remember But the single most important thing to remember is that you are not alone If you have an Internet connection you have resources to help you with your tax return Check out NASE org for help with any questions that you might have related to your 2012 tax return Also bookmark the IRS website at IRS gov in order to get the detail directly from the horse s mouth The key point is that you have resources and you re not

    Original URL path: http://selfemployed.nase.org/about-us/nase-publications/self-employed/2013/03/27/20-days-until-tax-day-are-you-ready- (2016-02-14)
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  • H.R. 886 Calls for Permanent Deduction to Health Insurance Deduction for Self-Employed
    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 allowed to fully deduct

    Original URL path: http://selfemployed.nase.org/about-us/nase-publications/self-employed/2013/03/20/h.r.-886-calls-for-permanent-deduction-to-health-insurance-deduction-for-self-employed (2016-02-14)
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  • Have a Home Office? The IRS May Offer a Streamlined Deduction for It (Washington Post)
    comment on this new option and your suggestions could help improve the change for tax year 2014 and later the IRS says The deadline for comment is yes April 15 The IRS says that almost 3 4 million taxpayers claimed deductions for business use of a home in 2010 the most recent year for which data are available But many people eligible for the deduction might not be doing so because it s too complicated to work out according to the National Association for the Self Employed A study by the association found that 42 percent of the organization s members who qualify for the deduction don t take it They don t take the deduction because they fear if they take it and make a mistake it will trigger an IRS audit said Kristie Arslan president and chief executive of the association Currently if you qualify for the home office deduction you have to fill out a 43 line form that requires calculations of allocated expenses depreciation and carryovers of unused deductions Makes my head hurt just to think of it Sixty percent of the association s members said that if there were an option to take a standard home office deduction rather than itemizing they would take it Under the new option taxpayers can fill out a simpler form but the deduction is capped at 1 500 per year based on 5 per square foot for as much as 300 square feet The home office deduction is available for homeowners and renters Arslan said that if the space you dedicate qualifies all of the costs associated with maintaining that part of your home mortgage interest insurance utilities repairs and depreciation would be deductible What s not changing is the requirement that a home office must be used regularly and exclusively for business And the key here is regular and exclusive It s the exclusive part that can get folks in trouble You have to dedicate a specific area of your home to conduct your business or trade or to meet with clients or customers You do not meet the requirements of exclusive business use if the area of your home is also used for personal purposes Here s an example from the IRS Let s say you re an attorney who uses the den or family room to write legal briefs or prepare other documents for clients The family also uses the room to play games or watch television The room is therefore not exclusively used for business so you can t claim the deduction To find out what qualifies as a deductible business expense go to www irs gov Then search for Deducting Business Expenses and scroll down to the section on Business Use of Your Home The deduction can be limited based on the income of your business or if your business is losing money All this makes my head hurt even more Thankfully there s a short video on YouTube that also explains how to

    Original URL path: http://selfemployed.nase.org/about-us/nase-publications/self-employed/2013/01/29/have-a-home-office-the-irs-may-offer-a-streamlined-deduction-for-it-%28washington-post%29 (2016-02-14)
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  • What Micro-Businesses Want from Washington (Central Valley Business Times)
    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 Self Employed In depth articles about marketing finance management customer service and more View all NASE news What Micro Businesses Want from Washington Central Valley Business Times Tuesday January 22 2013 In an interview with the Central Valley Business Times NASE President and CEO Kristie Arslan discussed the self employed agenda in 2013 and concrete steps that President Obama and Congress can do to help the nation s smallest business Listen to the Audio recording here What Micro Businesses Want from Washington President Barack Obama and the new Congress need to help the nation s smallest businesses thrive says Kristie Arslan president and CEO of the National Association for the Self Employed which lobbies on behalf of the self employed and micro businesses She says the president should take bold action by implementing a robust plan for America s small business community America s smallest businesses including the self employed and micro businesses stand ready to move forward with a robust plan that supports new business growth and helps current business owners keep their doors open and expand Our country needs supportive small business policies that bolster their ability to thrive in our slowly rebuilding economy she says We not only need sound economic policies for existing small businesses but also self employment training assistance and micro lending programs that can help foster new businesses says Ms Arslan We must reinstate the self employment tax deduction on health

    Original URL path: http://selfemployed.nase.org/about-us/nase-publications/self-employed/2013/01/22/what-micro-businesses-want-from-washington-%28central-valley-business-times%29 (2016-02-14)
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  • Moving Forward with Small Business
    more View all NASE news Moving Forward with Small Business Monday January 21 2013 FOR IMMEDIATE RELEASE January 21 2013 CONTACT Kristofer Eisenla Luna Eisenla Media Kristofer eisenlamedia com 202 670 5747 mobile MOVING FORWARD WITH SMALL BUSINESSES Policies from Self Employment Tax Deductions to Job Training Assistance Needed for Small Business WASHINGTON On the 57 th Presidential Inauguration of President Barack H Obama Kristie Arslan President and CEO of National Association for the Self Employed NASE the nation s leading resource for the self employed and micro businesses today encouraged the president to take bold action by implementing a robust plan for America s small business community As President Obama takes the oath of office over 22 million of America s smallest businesses including the self employed and micro businesses stand ready to move forward with a robust plan that supports new business growth and helps current business owners keep their doors open and expand Our country needs supportive small business policies that bolster their ability to thrive in our slowly rebuilding economy We not only need sound economic policies for existing small businesses but also self employment training assistance and micro lending programs that can help foster new businesses We must reinstate the self employment tax deduction on health insurance expand the Health Reimbursement Arrangements to allow self employed business owners to receive the same benefits as employees and urge states to implement Self Employment Assistance programs as part of their job training and work requirements for unemployment benefits Now is the time for the president and Congress to make the tough decisions as the small business community does every day to grow our business support our families and contribute to our communities Now is the t ime for you to do the job we elected you to

    Original URL path: http://selfemployed.nase.org/about-us/nase-publications/self-employed/2013/01/21/moving-forward-with-small-business (2016-02-14)
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