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

Senate OKs Stopgap Spending Bill

September 30, 2020

The Senate voted 82-6 Tuesday evening to advance a stopgap spending bill to avert a government shutdown by midnight tonight.

Negotiations Resume on Stimulus Package

September 30, 2020

House Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin have revived negotiations over another stimulus bill this week.

House OKs CR Spending Bill

September 23, 2020

Late Tuesday evening, the House approved--with bipartisan support--a Continuing Resolution spending bill to fund the federal government through Dec. 11.

Payroll Tax Deferral Guidance

September 2, 2020

Treasury and the IRS have released guidance to implement President Trump’s directive to allow employers to defer payroll taxes through Dec. 31.

President Signs EOs with Stimulus Package on Hold

August 12, 2020

Over the weekend, President Donald Trump issued a series of Executive Orders (EOs) focused on providing ongoing pandemic relief. Among those provisions is one that would implement a temporary deferral of the payroll tax through Dec. 31, 2020. The EO appears to allow employers to hold off on collecting the...

NSBA Seeks Clarity on Payroll Tax Executive Order

August 10, 2020

President Trump recently issued a series of Executive Orders (EOs) focused on providing ongoing pandemic relief, including one that would implement a temporary deferral of the payroll tax through Dec. 31, 2020.

Bill to Enhance Employee Tax Credit

June 10, 2020

Bipartisan legislation was recently introduced to enhance the employee retention tax credit to help businesses impacted by COVID-19.

IRS Releases New Guidance on Deductions

March 4, 2020

The IRS has released proposed regulations for businesses when deducting meals and entertainment.

SBA Office of Advocacy Tax Roundtable

February 19, 2020

On Friday, Feb. 21, the SBA Office of Advocacy will hold a Small Business Tax Roundtable in Washington, D.C to discuss the qualified business income deduction.

Spending Bill Passes House, Heads to Senate

December 18, 2019

On Tuesday, Dec. 17, the House approved $1.4 trillion in federal spending for the remainder of the fiscal year which includes various tax provisions including extenders.