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  • Passing On The Family Business [Ask The Experts]
    the tax benefits there is a lot to be learned during those young years The mistake comes when parents think that their children have to follow their footsteps in business And the challenges don t end with the kids Spouses parents brothers sisters or whoever else might be involved means that you have to give special consideration to the day to day attitudes between family members One of the secrets to bringing family into business is that when you turn on the phones in the morning you take off your family hat and put on your business hat And when you turn the phones off at night you do just the opposite It s not easy switching personalities and one of the major causes of strife in a family business comes from the failure to communicate properly Sometimes too little communication and sometimes too much If your offspring do decide that he or she wants to become the next you it s going to take some planning to make things go smoothly If you are ready for your heirs to take more of the burden of the day to day grind here are some tips that will help you transfer the business from one generation to another Plan early One of the first things is to be sure that your son or daughter is interested in taking over Too often children are not interested in the business but they stay involved because they don t want to disappoint their parents Have honest conversations and lay out a plan for the kids to gradually take over responsibilities and authority When a founder has been at the head of the company there is a tendency to become established as the company particularly in the eyes of customers suppliers bankers and others in the community It s important that the heirs establish themselves as primary company individuals early on Meet with legal and financial advisers Good advance professional advice to convey ownership of the business can often save considerable tax dollars and legal conflicts Establish a time line Some areas to consider include how the heir will take over responsibilities and decision making and have the legal authority to act on behalf of the business It s important for the founder to step back As an heir begins to do his or her own thing the business and family relationship can become strained if the founder continues to act as the leader rather than as an adviser Consider the adage Lead follow or get out of the way and for the transition to succeed it s important for the founder to know when to lead when to follow and when to get out of the way Everyone including employees need to be aware of what is happening It takes more than family to make a business succeed Don t forget the employees who have given their dedication and labors to the business Don t make the mistake of trying to mislead or patronize

    Original URL path: http://selfemployed.nase.org/about-us/self-made-nase%27s-blog/self-made/2012/09/26/Passing_On_The_Family_Business_Ask_The_Experts (2016-02-14)
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  • Payroll Tax Holiday To End, Conversations Continue On Other Tax Measures
    period before heading out of town until after the November 6 2012 election elected officials have started giving the American people the heads up that the Payroll Tax Holiday will indeed come to a close on December 31 2012 Members of both parties and both Senate Finance Committee and House Ways and Means Committee have expressed that the holiday was just that a reprieve for the crunched economy for a specific period of time The end of the payroll tax holiday would impact 160 million American workers and result in removing nearly 125 billion from the still struggling economy However given the tax cliff facing lawmakers and individuals the Payroll Tax holiday may be pushed down the ladder in order to deal with the bigger issue of individual income rates dramatically increasing if Congress does not act by December 31 2012 The challenge for lawmakers is what tax cuts they should extend by determining which ones would have the biggest impact on the economy positively or negatively The chief U S economist for JPMorgan Chase estimated the 125 billion is much smaller than the 250 billion hit on the economy if the 2001 and 2003 income tax cuts are not extended also commonly referred to as the Bush era Tax Cuts Given the recent dire warnings from the Congressional Budget Office on the expiring income tax rates it looks like Congress will put all its efforts in finding a compromise on the individual rates while forgoing the payroll tax holiday As it stands one way or another Americans will see an increase in their taxes in 2013 What do you think about the tax cliff The NASE wants your thoughts on how Congress should address the expiring tax cuts and put forth a long term strategy for dealing with tax

    Original URL path: http://selfemployed.nase.org/about-us/self-made-nase%27s-blog/self-made/2012/09/19/Payroll_Tax_Holiday_To_End_Conversations_Continue_On_Other_Tax_Measures (2016-02-14)
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  • Small Biz News Roundup
    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 Made NASE s Blog Small Biz News Roundup Friday September 14 2012 Posted by Kristin Oberlander A lot happened this week mostly in the financial arena with the Fed announcing QE3 and in foreign policy with the unfortunate events that took place at the embassy outpost in Libya However there were a few other noteables that I ve mentioned below Please read and if you like share Small business groups are pressuring Congress to take up legislative tax policy so that the climate for business owners will be less fiscally uncertain The NASE started its own 13 Work Days campaign to encourage Congress to address self employed issues before adjourning until the November election Video of a small business owner who is frustrated by tax hardships that big business doesn t have to experience In a new study 74 of business owners found networking online more valuable than networking in person Do you agree If you use Twitter there s a fine line between making sure your content is seen and annoying your followers with too many repeat tweets Where does the U S stand when it comes to our debt after being downgraded last year A frivolous link to spoiler chats on Glee and the Good Wife because I m just beside myself with excitement that the fall television season is starting 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

    Original URL path: http://selfemployed.nase.org/about-us/self-made-nase%27s-blog/self-made/2012/09/14/Small_Biz_News_Roundup (2016-02-14)
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  • NASE Launches Health Care Webinar Series
    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 Made NASE s Blog NASE Launches Health Care Webinar Series Wednesday September 12 2012 Posted by Kristin Oberlander Join the NASE s latest educational webinar series on the nuts and bolts of the Affordable Care Act and how it will affect your business when state health insurance exchanges go into effect Find out more and register here 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 Tag Inspector Real Time HTML Viewer Tag Properties and other The code you entered is not valid Type the code from

    Original URL path: http://selfemployed.nase.org/about-us/self-made-nase%27s-blog/self-made/2012/09/12/NASE_Launches_Health_Care_Webinar_Series (2016-02-14)
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  • NASE Debuts Election Watch Website
    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 Made NASE s Blog NASE Debuts Election Watch Website Wednesday September 12 2012 Posted by Kristin Oberlander Click here to visit the NASE s new site devoted to the presidential election Find convention speeches and news of the day on our constantly updated page Election Watch website 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 Tag Inspector Real Time HTML Viewer Tag Properties and other The code you entered is not valid Type the code from the image Self Made A

    Original URL path: http://selfemployed.nase.org/about-us/self-made-nase%27s-blog/self-made/2012/09/12/NASE_Debuts_Election_Watch_Website (2016-02-14)
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  • Small Biz News Roundup
    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 Made NASE s Blog Small Biz News Roundup Friday September 07 2012 Posted by Kristin Oberlander Check out this week s top news stories How Not to Pitch Your Business in Social Media NY Times Google doodle Google com celebrates Star Trek Survey says Workplace culture matters to employees Inc com 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 Tag Inspector Real Time HTML Viewer Tag Properties and other The code you entered is not valid Type the code from the image Self

    Original URL path: http://selfemployed.nase.org/about-us/self-made-nase%27s-blog/self-made/2012/09/07/Small_Biz_News_Roundup (2016-02-14)
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  • NASE Statement On Romney-Ryan Official Candidacy
    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 Made NASE s Blog NASE Statement On Romney Ryan Official Candidacy Friday August 31 2012 In response to the Republican convention and official nomination of Gov Mitt Romney and Rep Paul Ryan the NASE s Director of Government Affairs Katie Vlietstra had the following comments Last night Governor Romney accepted the Republican nomination for the presidency The NASE looks forward to hearing in specific detail from the Romney Ryan campaign as to how if elected they will embrace policies that directly speak to the self employed It is of significant concern that the self employed will equate itself with the empty chair so prominently displayed last night invisible and largely ignored and continually marginalized by empty promises and backwards policy We look forward to having an open dialogue with the Romney Ryan campaign 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

    Original URL path: http://selfemployed.nase.org/about-us/self-made-nase%27s-blog/self-made/2012/08/31/NASE_Statement_On_Romney-Ryan_Official_Candidacy (2016-02-14)
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  • Election Year – What Does That Mean To Me?
    whole slate of house members 435 of them and even a President Some will be new and some will return for another chance to help their constituents So what should you do What can you do First and foremost VOTE Regardless of whether you lean to the left or lean to the right or even if you focus your political views right down the middle make sure that you VOTE Your vote counts and the most important thing that you can do in this election year is to make sure that your vote is indeed counted The next thing you can do is to make sure that your voice is heard as well as your vote Let your Congressional representatives know the things that are important to you Again regardless of your political leanings let them know Contact your representatives and let your voice be heard As a small business owner let them know that over 70 of all new jobs come from small businesses Let them know that small business owners should have the same opportunities as big business Let your favorite candidate know that your vote is also a vote for small business Jobs economic growth new business new investment all come from the small business owners of this country They all already know this but each of us can remind them Log on to www NASE org and click on Your Voice in D C and find the Legislative Action Center By simply entering your specific zip code you will have a list of your representatives and even an email process to help you contact them directly Check out the Legislative Priorities listed by the NASE in support of your small business and then let them know what is important to you Remember your voice counts Let

    Original URL path: http://selfemployed.nase.org/about-us/self-made-nase%27s-blog/self-made/2012/08/29/Election_Year_%E2%80%93_What_Does_That_Mean_To_Me (2016-02-14)
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