Health insurance premiums and out-of-pocket medical expenses continue to be a tremendous financial burden for many small-business owners. That's why the NASE has introduced members to a little known tax savings through the Association 105® HRA member benefit.
Administered by Benefit Administration for the Self-EmployedTM (BASE®), a leader in employee benefit solutions, the Health Reimbursement Arrangement (HRA) is available to qualified small businesses based on Internal Revenue Code Section 105. Once implemented, health insurance premiums and non-insured medical
expenses can be moved from the owner's personal return to their business return, resulting in additional federal, state and self-employment tax savings.
For more information: National Association for the Self-Employed
http://www.nase.org/
----------------------------------------------------------
Is the Economy Killing Small Business?
More owners and managers of small food and beverage businesses indicated, during the first quarter of 2008, that they are planning to increase hiring during the next 12 months and expect an increase in employees versus their 2007 statistics, according to the latest Small Business Research Board (SBRB) study released here [Buffalo Grove, Ill.] today. . . . Of the owners and managers responding to the nationwide quarterly SBRB poll cosponsored by International Profit Associates, 44 percent said they plan to increase hiring over the next 12 months. This was an increase of 28 points from the 16 percent who said, during the fourth quarter of 2007, that they were planning to increase hiring. Concerning the total number of employees, 41 percent of the respondents expect their statistics in 2008 to increase from 2007. Only 8 percent thought they would have fewer employees in the coming year.
-----------------------------------------------------------
SBA Advocacy Office Pushes for Greater Autonomy
The Small Business Administration's Office of Advocacy is applauding (pdf) new legislation that would give it greater autonomy from its agency parent and codify an executive order requiring all federal agencies to consider the impact on small businesses when crafting regulations.
----------------------------------------------------------------
Is your logo helping or hurting your small business?
Does your logo inspire greatness? Is it recognized around the city and community? Do folks understand the services or products you provide, just by looking at your business name, tagline, and/or logo? (If you have to think about it, that's a no.)__________________________________________________________
No comments:
Post a Comment