Tax & Budget Archives - Page 2 of 41 - National Small Business Association : National Small Business Association

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.

Congress OKs Stopgap Spending Bill

November 20, 2019

On Tuesday, Nov. 19, the House passed a CR to extend current funding levels through Dec. 20, just days before the current spending extension expires.

President Signs Spending CR

October 3, 2019

Later 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.

House to Consider Spending CR

September 18, 2019

Later 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.

S Corp Bill Introduced in the Senate

July 24, 2019

Sens. 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.

NSBA Testifies on Tax Complexity

July 24, 2019

On 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...

House OKs New Small Biz Reporting

June 19, 2019

Last 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.