Tax Law Guidance Forthcoming
March 7, 2018Treasury and the IRS are developing guidance documents under the 2017 tax reform law, however guidance for pass-through income could be delayed until summer or fall.
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Video: How Tax Reform Will Impact Your Small Business
March 3, 2018NSBA President Todd McCracken and Board Chair Cynthia Kay spoke to a gathering of the Small Business Association of Michigan (SBAM) about how the new tax reform law, the Tax Cut and Jobs Act, passed in December 2017 will likely impact small businesses in the coming months and years.
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Trump’s 2019 Budget Request
February 15, 2018Earlier this week, President Trump released his FY 2019 budget request, as well as an addendum reflecting the recently enacted two-year budget deal, H.R. 1892.
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Small Biz Tax Simplification Act Introduced
February 7, 2018House Small Business Committee leadership introduced legislation to simplify and modernize the tax code for small businesses, startups, and entrepreneurs. by aligning payment deadlines and tax filing thresholds, and streamlining reporting requirements.
READ MORE House Passes a Defense Budget with a CR
February 7, 2018Yesterday, the House passed a stopgap spending bill that keeps the government funded through March 23, the bill now moves to the Senate where lawmakers have until Feb. 8 to avoid a government shutdown.
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Government Shutdown Ends
January 24, 2018The government shutdown ended Monday night, yet lawmakers have just three weeks to the next spending bill deadline.
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New Tax Law in-effect for 2018
January 4, 2018On Dec. 22, President Trump signed into law the Tax Cuts and Jobs Act (H.R. 1), lowering taxes on corporations, individuals and modernizing U.S. international tax rules.
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President Set to Sign Tax Bill
December 20, 2017With the House and Senate approving the Tax Cut and Jobs Act (H.R. 1) this week, President Trump is poised to sign into law the most sweeping tax reform bill in decades.
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NSBA Supports Tax Bill, Urges Further Steps
December 17, 2017NSBA is supporting the final tax reform bill which addresses some key priorities for America’s small-business owners, despite ongoing concerns with overall tax simplification, true parity among small and large businesses, and the growing U.S. debt.
READ MORE Republicans Reach a Deal on Tax Reform
December 14, 2017Yesterday, Republicans struck a deal on a sweeping tax reform overhaul, including steep corporate and individual rate cuts, and hope to have legislation to the president's desk by next week.
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