IRS Releases New Guidance on Deductions
March 4, 2020The IRS has released proposed regulations for businesses when deducting meals and entertainment.
READ MORESBA Office of Advocacy Tax Roundtable
February 19, 2020On 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.
READ MORESpending Bill Passes House, Heads to Senate
December 18, 2019On 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.
READ MORECongress OKs Stopgap Spending Bill
November 20, 2019On Tuesday, Nov. 19, the House passed a CR to extend current funding levels through Dec. 20, just days before the current spending extension expires.
READ MOREPresident Signs Spending CR
October 3, 2019Later this week, the House will consider a continuing resolution to keep the government funded through Nov. 21 and buy time for negotiations on annual appropriations bills.
READ MOREHouse to Consider Spending CR
September 18, 2019Later this week, the House will consider a continuing resolution to keep the government funded through Nov. 21 and buy time for negotiations on annual appropriations bills.
READ MORES Corp Bill Introduced in the Senate
July 24, 2019Sens. 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.
READ MORENSBA Testifies on Tax Complexity
July 24, 2019On 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...
READ MOREHouse OKs New Small Biz Reporting
June 19, 2019Last week, the House Financial Services Committee passed a bill designed to provide transparency of ownership of all U.S. companies, but which could create significant new burdens and complexity for small businesses.
READ MOREBill Intro’d on Small Biz Deduction
April 24, 2019NSBA 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.
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