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

House Approves Tax Cuts 2.0 Package

October 3, 2018

Before adjourning, the House approved Tax Cuts 2.0, legislation that would permanently extend the temporary tax cuts for individuals and passthrough entities that were enacted in last year’s tax reform bill.

House Slotted to Pass Tax Reform 2.0

September 25, 2018

The House will vote this week on its trio of Tax Cut 2.0 bills that would that would make permanent several small-business provisions.

Ways and Means Passes Tax Reform 2.0

September 19, 2018

On Sept. 13, the House Ways and Means Committee approved Tax Reform 2.0, teeing up a potential vote by the full House before the end of this month.

Tax Reform 2.0

September 13, 2018

This week, the House Ways and Means Committee will consider "Tax Reform 2.0" which will make permanent the individual and small business tax cuts made in the Tax Cuts and Jobs Act.

Spending Deadline Approaching

September 5, 2018

With just 11 legislative days this month when the House and Senate are both scheduled to be in session, Congress faces an uphill battle to pass FY 2019 spending legislation.

NSBA Analysis on Passthrough Deduction

August 15, 2018

Last week, Treasury and the IRS released proposed regulations on the pass-through deduction portion of the Tax Cuts and Jobs Act, including more detailed guidance for these type of businesses.

IRS Proposes Regulations for Pass-Throughs

August 8, 2018

Earlier today, the IRS issued proposed regulations to create a 20 percent deduction on qualified business income for pass-throughs, as part of the Tax Cuts and Jobs Act.

Tax Reform 2.0 Framework Released

August 1, 2018

Last week, the House Ways and Means Committee released its long-awaited Tax Reform 2.0 framework which would update and make permanent certain provisions of the Tax Cuts and Jobs Act.

Taxpayer Advocate Mid-Year Report

July 11, 2018

Recently, Taxpayer Advocate Nina Olson released a report to Congress outlining the top issues of focus for FY 2019 and how the new tax overhaul will be implemented.

Supreme Court Decision on Online Sales Tax Case

June 27, 2018

Last week, the U.S. Supreme Court handed down a decision on online sales tax which will likely require millions of small business to collect and remit sales taxes.