At age 31, Jake Lease is CEO of USA Karate

Jake Lease was 10 years old when he attended his first karate lesson. He was instantly hooked on the sport and today is a fourth-degree black belt. He grew up in a small town, Bancroft, near Charleston, W.Va. Over the years he taught karate and ran a school. In 1997, he came to Colorado Springs […]

Form 1099 paperwork to increase 1,250%

Come 2012, small business owners can expect a 1,250-percent increase in the volume of paperwork associated with new federal regulations regarding 1099-form reporting, says the National Association for the Self-Employed. That certainly isn’t welcome news for small business owners, but it might not be so bad for accountants, who are likely to be hired to […]

Home office tax deduction bill introduced in Senate

The majority of micro-businesses are operated out of a home office, yet many are unwilling to pursue the typical home office tax deduction out of fear that it will trigger an IRS audit or that the qualification criteria is too difficult to meet. Legislation known as the Home Office Tax Deduction Simplification Act (S.B. 1754) […]

Small business tax tips for 2008

The National Association for the Self-Employed is encouraging small business owners to get an early jump on their taxes with top tax tips for 2008. Among the tips are: Visit www.NASE.org or www.IRS.gov to determine whether you should have your taxes calculated professionally. Determine whether cash or accrual accounting is best for your business. Always […]