Congress 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.
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President 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.
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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.
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S 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.
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NSBA 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...
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House 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.
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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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Temporary Reprieve from Gov. Shutdown
January 31, 2019Late 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.
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199A Passthrough Regs Finalized
January 24, 2019Last week, Treasury and the IRS released final regulations for the 20 percent passthrough deduction on qualified business income.
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IRS Shutdown Contingency Plan
January 24, 2019The IRS has released a contingency plan for operating with half its normal staff during the shutdown.
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