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Self Made An NASE blog on the self-employed and micro-business 
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Friday, February 03, 2012
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Wednesday, February 01, 2012
Representatives Schock (R-Ill.) and Schilling (R-Ill.) are touting legislation that would allow small businesses (C corporations are not eligible) to receive the same tax deduction given to larger corporation for the donation of extra inventory to charity and nonprofits. Considering that the self-employed and small businesses (499 or less employees) make up 99% of the U.S. business economy, it is yet another glaring example of continued disadvantages faced by the self-employed and small business owners. We applaud Representatives Schock and Schilling in their efforts. Full text of the legislation can be found here.
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Friday, January 27, 2012
Posted by Keith Hall - Are the workers in your business Independent Contractors or are they really Employees, instead? For most of us it is easier to simply call them independent contractors instead of employees because the presumption is that the paperwork is easier. No withholding, no payroll taxes, less hassles. The problem is that the classification of your workers is not a matter of choice. You can’t just choose for them to be independent contractors because it is easier. Your worker’s classification is determined by the underlying facts and circumstances of the working relationship with the key point being ...
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Thursday, January 26, 2012
Posted by Kristin Oberlander -Politicians are running for office all over America, that much is certain. It's a somewhat quiet week for the Republican candidates for president, since the Flordia primary isn't until next Tuesday, January 31st. The talk this week has been surrounding President Obama's State of the Union address. The NASE weighed in the night of with a response from President and CEO Kristie L. Arlsan and also the next day in a statementby Katie Vlietstra, our Director of Government Affairs.
We also noticed one small-business owner that is pressing Republican candidates on their self-employed knowledge. ...
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Thursday, January 19, 2012
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Wednesday, January 11, 2012
Q: I read something several months ago about taking a loan from your 401K retirement plan. If you were at least 55 years old, you were not required to pay this back and there was no penalty for this. Is that true? A: From a technical standpoint you still must repay the loan. If you don't repay the loan, regardless of how old you are, then the loan becomes a distribution. The tax treatment and potential penalties for such a distribution will then be dependent upon your age. The key point is whether a 10% penalty will apply to the distribution. If ...
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Monday, January 09, 2012
Posted by Kristin Oberlander - Businesses spent $231 billion and more than 133 million paperwork hours to comply with federal regulations in 2011, according to a study release by the American Action Forum. The study also found that it would take 66,730 employees just to file federal paperwork (assuming a 2,000 hour work year). The NASE has been an advocate for simplification of the tax code for many years. To find out more about our stance, please check out these links: NASE President & CEO Kristie L. Arslan comments upon how lawmakers look to reduce the tax gap "often at the ...
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Friday, January 06, 2012
Prior to preparing 2011 tax forms, the self-employed and micro-businesses (fewer than 10 employees) should be aware of a number of tax law changes, but also must stay focused and connected for new changes that are inevitable during 2012. As always, stay tuned to the NASE for the most recent updates! The following tax law changes relate to 2011 returns: Self-Employed Health Insurance Deduction – Unfortunately, the payments that small-business owners make for health insurance premiums for themselves and their families won’t be as tax beneficial for 2011 tax returns as they were for 2010. The premiums paid for health ...
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Wednesday, January 04, 2012
Posted by Kristie Arslan -There's no doubt that we face uncertain times with our economy. Unemployment levels are still high. The stock market has had a rollercoaster year. While Congress finally overcame its political bickering to pass a two-month extension of the payroll tax, it can't be motivated to act on other initiatives that could aid our economy -- especially big ticket items that could help the self-employed. But one thing is certain: small and micro-businesses, the driving force of our economy, must protect themselves every day by planning in advance.
It's a common assumption that large corporations make ...
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Thursday, December 29, 2011
Posted by Kristin Oberlander - What would the end of the year be without best of lists and countdowns? The staff at Self Made has decided to pull together our favorite posts from this year below. Did we leave one out? Let us know in the comments and we'll add it. Self-Employment Keeps the Unemployment Rolls Low [Commentary] Economic Recovery Starts with Small Business [Commentary] Tell Us Your Story About The Deduction On Health Insurance Costs Self-Employed: Take An SE Tax Deduction For Health Insurance Costs Productivity and Goals Tax Day: Let's Make the Tax Code Fair [Commentary] 1099 Additional ...
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Meet the NASE Staff Bloggers 
Kristin Oberlander - In public affairs, my job is to serve as a link between the
association, micro-businesses and the media. When I have down time, I
enjoy drinking large quantities of coffee, contemplating how I will
cram one more pair of (un)needed shoes into my closet and finding
creative ways to remove my dog’s hair from my clothes, car, own hair
and food. My biggest pet peeve is drivers who don’t understand 4-way
stops.
 Kristin on Twitter
 Kristin on LinkedIn
Molly Nelson - I help out with the NASE’s legislative advocacy, communications, and
public relations. From attending hearings on the Hill to helping select
the cover design for the member magazine, I’ve always got something new
going on. I like practicing yoga, running through different parts of
the city, and I’m an admitted etymology/grammar nerd.
Molly on Twitter
Molly on LinkedIn
Kristie Arslan - As President, one of my chief roles is to educate legislators and the media on how key issues such as health care, tax, and the lagging economy affect the self-employed. When I am not speaking out for our members, I spend my time helping my husband with his small business.
Kristie on Twitter
Kristie on LinkedIn
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