Amending the definition of ďemployeeĒ to include the owner of a sole proprietorship would allow them to take advantage of fringe benefits such as a Health Reimbursement Account plan, retirement plan contributions and health insurance premiums without the owner having to form a corporation and incur additional expenses.
Allowing for the self-employed heath insurance deduction to become a permanent business expense by making it a line item on Schedule C rather than on Form 1040, making the deduction a business expense comparable to the way itís treated for big businesses.
Simplifying the definition of independent contractor versus employee to reduce any misunderstanding by small businesses of its workersí statuses.
Streamlining depreciation calculations, reporting requirements and accelerated options for many standard business items and amounts to simplify the deduction process.
Creating a Standard Schedule C-EZ by expanding as many standard deductions for business expenses as possible.
Even President Barack Obama believes we need a fairer and simpler tax code; now itís your turn, Congress. By considering simple adjustments to the tax code, our community and our contributions will help ensure a robust tax overhaul plan thatís equitable for all. Our small businesses generate nearly a billion dollars annually for the national economy. Itís not enough to talk about how our businesses provide the economic fuel for our nation without taking the sufficient policy actions to help ensure our growth. It simply isnít sound economic or tax policy for Congress to overlook the health of Americaís smallest businesses, because when we succeed, America thrives.
Kristie Arslan is the president and CEO of the National Association for the Self-Employed, a resource for micro-businesses and the self-employed.
Following the speeches from elected officials, the crowd stands at long tables as they dig into BBQ, brunswick stew, cadillac rice at the Law Enforcement Cookout at Wayne Dasher's pond house in Glennville, Ga., on Thursday, April 17, 2014.