Tax & Budget Archives - National Small Business Association : National Small Business Association

S Corp Bill Introduced in the Senate

July 24, 2019

Sens. John Thune (R-S.D.) and Ben Cardin (D-Md.) recently reintroduced the S Corporation Modernization Act which would make several pro-growth reforms for S corps.

NSBA Testifies on Tax Complexity

July 24, 2019

On Wednesday, July 24, NSBA’s past-chair Grafton “Cap” Willey of Rhode Island testified before the House Committee on Small Business on how the Tax Cuts and Jobs Act is impacting America’s small businesses. An expert with 47 years of dealing with small business taxation issues, Willey indicated the new tax...

Bill Intro’d on Small Biz Deduction

April 24, 2019

NSBA has endorsed new legislation, the Main Street Certainty Act, which would make permanent the 20-percent pass-through deduction under the Tax Cuts and Jobs Act.

Temporary Reprieve from Gov. Shutdown

January 31, 2019

Late last week, President Donald Trump and Congress came to an agreement to reopen the federal government with a short-term spending bill that is set to expire Feb. 15.

199A Passthrough Regs Finalized

January 24, 2019

Last week, Treasury and the IRS released final regulations for the 20 percent passthrough deduction on qualified business income.

IRS Shutdown Contingency Plan

January 24, 2019

The IRS has released a contingency plan for operating with half its normal staff during the shutdown.

Tax Simplification Bill Introduced

January 17, 2019

Yesterday, bipartisan tax simplification legislation was introduced by the House Small Business Committee Chair and Ranking Member.

House Republicans Introduce a Revised Tax Bill

December 12, 2018

This week, House Republicans unveiled a revised year-end tax bill that would includes some technical corrections to the Tax Cuts and Jobs Act, but does not include earlier provisions aimed at resurrecting expired tax breaks.

NSBA Urges HIT Tax Relief

December 4, 2018

NSBA has joined with other business leaders in asking Congress to pass by the end of the year an extension for 2020 of the moratorium on the expensive and burdensome Health Insurance Tax.

House Republicans Release Tax Package

November 28, 2018

On Nov. 26, House Republicans released a 297-page tax bill they hope to advance during the lame-duck session of Congress. The legislation would revive a number of expired tax provisions known as “extenders,” ranging from tax breaks for fuel cell cars, energy efficient homes, race horses, mine safety equipment, auto...