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NASE Survey Results Topics that Are Important to Small-Business Owners Here’s a snapshot of how micro-business owners feel about the hot topics of the day.
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Encouraging Retirement Savings through Automatic IRAs (Feb 2008)
| Respondents: 79 | | Many micro-businesses throughout the country do not have a retirement plan
set up through their business. This has left many business owners and employees
without retirement savings. Congress is proposing to address this problem by
requiring businesses without retirement plans for employees to allow their
workers to automatically divert part of their paycheck towards an “automatic
IRA” account. The proposal would provide a temporary tax credit to these
employers to help offset the paperwork and regulatory costs of establishing the
new program, and it would not require employers to contribute funds or
administrate the account. Tell us what you think of this new proposal. | | | 1. Do you currently offer a retirement plan of any type through your
business? | 12% | Yes, presently offer a retirement plan for myself AND/OR my
employees | | 11% | No, but plan to offer in the next 12 months | | 02% | No, but did offer in the past | | 74% | No | | 0% | Do Not Know | | | | 2. How do you currently administer your payroll? | 06% | I outsource our payroll to a payroll administration company which automates
our payroll, allowing for direct deposit | | 09% | I outsource our payroll administration, however our payroll is not
automated | | 09% | I have a full-time or part-time employee which handles payroll for my
company | | 77% | As the owner, I handle payroll for my company by hand | | | | | 3. As a business owner, would you support a requirement that would
mandate you provide an automatic payroll deduction for contributions to an
Individual Retirement Account (IRA) for your employees? | | | 4. How high would a tax credit have to be in order to offset the expenses
of implementing an automatic payroll deduction for contributions to an IRA? | 12% | Less than $10 per employee | | 11% | $10 per employee | | 17% | $25 per employee | | 16% | $50 per employee | | 43% | More than $50 per employee | | | | 5. How would you assess this proposal’s effect on your administrative
burden? | 07% | It would slightly reduce my administrative burden | | 05% | It would greatly reduce my administrative burden | | 40% | I don’t think it would have much effect on my business | | 27% | It would slightly increase my administrative burden | | 21% | It would greatly increase my administrative burden | |
Survey Results
- Self-Employed and the Economy
The nation’s smallest businesses are still feeling negative effects of the economy, including cash flow issues for business and family, according to a new survey by the National Association for the Self-Employed (NASE). Three-quarters of the self-employed and micro-businesses owners say their company provides the main source of income in their household.
- Can You Keep Your Health Plan Once the Health Reform Law Kicks In?
One big promise made during the reform debate was that you will be able to keep the health plan you currently have, if you like it. To follow up on this promise, the Administration recently issues new regulations on "grandfathered" or existing health plans. The NASE recently conducted a survey of micro-business owners to determine their perspective on these rules and whether they think they will be able to keep their existing health plan post-reform.
- U.S. Energy Policy (June 2010)
Whether you open a local or national newspaper or turn on the TV or radio, we cannot escape the daily news coverage of our nation's worst oil spill which continues to rage on in the Gulf. In light of this environmental disaster, the NASE sought the opinion of its membership on U.S. energy policy and what key proposals should be the focus of policymakers.
- Increased Tax Regulation on Small Business (May 2010)
Many of the nation’s entrepreneurs are about to become more familiar with the IRS. According to a new law set to go into effect in 2012, business owners must report annually every payment for goods or services over $600, utilizing IRS Form 1099. A new survey by the National Association for the Self-Employed (NASE) found that the average self-employed and micro-business (those with fewer than 10 employees) currently issues two Form 1099 per year. Under the new law, the same business will have to issue roughly 27 reports, mostly to large corporations.
- The Clock is Ticking on Health Reform: What Do You Think? (March 2010)
Companies with fewer than 10 employees – micro-businesses – are asking Congress to keep in mind that a big part of being able to create jobs and grow their companies depends largely on their ability to pay for health coverage. Self-employed business owners say that access and choice of providers/benefits is less important to their businesses than lower bottom line costs. With the clock ticking on a final vote in Congress on health reform, the online poll conducted by the National Association for the Self-Employed (NASE) received over 1,200 responses regarding the concerns of the self-employed about health reform.
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