Tax & Budget 

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.

NSBA today released its 2018 Small Business Taxation Survey which shows administrative burden continues to far outpace financial burdens and, unfortunately, complexity is expected to increase for tax year 2018. The survey also asked several questions about the Tax Cuts and Jobs Act.

NSBA today released its 2017 Mid-Year Economic Report where the small-business outlook on the overall economy is at its highest point in seven years despite growing frustration over elected officials’ inability to enact needed reforms.

NSBA on April 12, 2017, released the 2017 Small Business Taxation Survey which quantifies the federal tax burden on small-business owners, and provides their opinions on various tax reform proposals.