Small Business Administration (SBA) reports more than 27.3 million small businesses (SBA Office of Advocacy, 2009) in operation. In addition, small businesses account for more than half of the nation's employment. Increasingly, calls for tax reform center on various flat tax proposals. In this ...
Contrary to what you've been hearing from almost every tax expert in the country, the Tax Reform Act may yet turn out to be a bonanza for small business companies seeking outside equity. Discusses how tax reform has created a potentially huge ...
In December 2017, Congress passed the Tax Cuts and Jobs Act (TCJA), the most comprehensive tax reform legislation since 1986. The TCJA significantly reduced and simplified the federal income tax burden for American families and workers and modernized the taxation of business income. However, many ...
Businesses for Responsible Tax Reform asked small business owners what tax policies would help them flourish. The responses make sense: Equalizing the tax savings rate between small and large businesses; making the first $25,000 in profit for a small business tax free; simplifying the...
I join Tom Donohue, and the Chamber’s other business advocates, in demanding that the final tax reform language be as pro-growth as possible and bolster the small business community’s ability to hire, innovate, and grow our economy. Tell Congress: The time is now to pass tax reform...
The country's goal is to refund all value-added tax (VAT) credits to these firms by the end of June, and complete the refund to key sectors, such as manufacturing and R&D-intensive service, within 2022, Li said. Since the launch of the VAT reform in 2013, ...
SMALL BUSINESS TAX CUT NOT ENOUGH U.S. TAX REFORMS WILL MAKE U.S. MORE ATTRACTIVE FOR START-UPS Big businesses start small. With the proposed Republican tax reform announced on September 28th, small business taxes will be dropped sharply making it attractive for start-up companies to locate ...
Reports on the reaction of small business enterprises to tax legislation in the U.S. as of June 1987. Survey conducted by the American Express Co. of small businesses; Effect of tax reform on small businesses' ability...
In December 2017, Congress passed the Tax Cuts and Jobs Act (TJCA), which went into effect in 2018. This tax reform brought about big changes for small business owners, most notably the Qualified Business Income Tax Deduction. This deduction allows small business owners to deduct up to 20%...
Wondering how the 2017 tax reform impacts your 2018 taxes if you're self-employed? Here is a summary of the changes to tax deductions and credits that you can claim as a self-employed freelancer, contractor or sole proprietor.