'Biz Corner' NBA's Electronic Newsletter - August 16, 2013

In Partnership with the Self-Employed and Small Business Community...

Understanding Small Business Income Tax.
If you're like most small business owners, you pay an accountant or other professional adviser to handle your taxes. Even so, understanding your various tax choices is important for running your business.  You'll be able to identify potential tax advantages and traps in time to react.
Planning your taxes and selecting your business form
  • Tax planning. This process evaluates options to determine when, whether, and how to conduct business and personal transactions for minimal taxes. As an individual taxpayer, and as a business owner, you generally can complete a taxable transaction by multiple methods, choosing whichever results in the lowest legal tax liability. While tax avoidance is expected, tax evasion-reducing tax through deceit or concealment-is not.
  • Forming your business. Whether you form a sole proprietorship, a partnership, a limited liability company, or a corporation, there are significant income tax consequences that flow from each. Don't forget to weigh the tax issues against the non-tax issues, such as which form will best help you operate and grow, or which will make it easier for you to pass along the business to your heirs.
The Patient Protection and Affordable Care Act (Affordable Care Act or ACA) enacted comprehensive health insurance reforms designed to ensure Americans have access to quality, affordable health insurance. Learn what the law means for small businesses.
Key Provisions of the Affordable Care Act

The Affordable Care Act includes a variety of measures specifically for small businesses that help lower premium cost growth and increase access to quality, affordable health insurance. Depending on whether you are self-employed, an employer with fewer than 25 employees, an employer with fewer than 50 employees, or an employer with 50 or more employees, different provisions of the Affordable Care Act may apply to you. Learn about the key provisions of the Affordable Care Act based on the size of your business below....> Read More 


Member Spotlight - Please join us in welcoming our Featured Member: Pond World


Pond World is dedicated to becoming the online pond supply retailer of choice for all types of pond owners. Our inventory of 1000s of pond supplies at highly competitive prices makes us the logical choice when shopping for supplies.

Because of our relationship with manufacturers and distributors, we are able to sell and ship product to anywhere in the country and to many International locations as well. In addition we are also able to offer the highest quality products and the broadest selection. At Pond World we always have our customers in mind.

Visit our retail center in the Dallas/Fort Worth Metroplex when shopping for local pond supplies.


BizFilings the small business incorporator, is here to support National Business Association members with information, as well as a discount on your incorporation and related services order.

  • $30 off the basic incorporation service in all states
  • $60 off the enhanced incorporation service in all states
  • $90 off the deluxe incorporation service in all states

Visit BizFilings Learning Center for articles such as:

  • Starting Your Business
  • Incorporating Your Business
  • Managing Your Business
  • Staying Compliant
  • Managing Your Taxes
  • Protecting Your Ideas
  • and Business Resources for Women


National Business Association
In This Issue
Understanding Small Business Income Tax
Most Popular on SBA.gov



Association of Small Business Development Centers (ASBDC)

Association of Small Business Development Centers (ASBDC) is a partnership program uniting private enterprise, government, higher education and local nonprofit economic development organizations.
Founded in 1979, the ASBDC provides a vehicle for continuous improvement of theSmall Business Development Center program, exchange of information among members regarding objectives, methods and results in business management and technical assistance and advocacy of America's small business community.
The SBDCs assist clients who wish to start businesses as well as those clients who have established their businesses and need additional help in their operations.
Over 500,000 businesses are assisted by ASBDC member programs on an annual basis. A sizable number of them are in the dynamic start-up mode, while a majority is existing businesses searching for stability of planning for growth.


ASBDC and the NBA
- A natural partnership uniting the nationwide management and technical assistance infrastructure of the ASBDC and the small business community of the NBA.
- Dedicated to the sound development of Small Business this partnership provides resources in information and training.
- NBA Sponsorship of the Annual ASBDC Fall Conference offers a key opportunity for NBA representatives, ASBDC Directors and conference participants to share strategies and discuss issues important to Small Business

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