As millions of small businesses contemplate retirement options during tax filing season, Keith Hall, President and CEO of the National Association for the Self-Employed (NASE), the nation's leading advocate and resource for the self-employed and micro-business community, is scheduled to testify this Wednesday before the House Small Business Committee about the challenges and opportunities small business owners face when making decisions about their retirement.
As a small-business owner, you have to wear many hats and bear heavy responsibilities. Ultimately, the success or failure of your venture comes down to how well you manage, delegate, attract new business, and handle finances. Finances are a huge stress for any business, big or small, and it's important that you manage your stress levels and quality of life through it all. That's difficult when there's an endless array of tasks and details to tend to every day, and important matters like diet, exercise, sleep, and stress management are apt to fall by the wayside. It's important to provide for your own care despite the chaotic nature of your role and the responsibilities that are on your shoulders.
Millions of small businesses, including yours, will file their 2018 returns in just under 2 months. Many will enlist the help of their accountant, while many self-employed, home-based small businesses, will have to complete returns themselves. But there are important reminders that everyone should be aware of as they complete their returns this year.
President Donald Trump delivered his third State of the Union address, which had been postponed due to the government shutdown. While the address provided lofty rhetoric on key priorities for the Trump Administration, the NASE calls on the Administration and Congress to focus on America's small business community, following the devastating government shutdown that paralyzed small businesses by creating unnecessary uncertainty, many were left confused about IRS refunds and tax obligations, unable to get loan assistance, and were on the frontlines of a lack of sales from regular customers unable to support them.