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 ...
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 ...
Fast forward 37 years, and my passion for the business prompted my involvement in our local chamber of commerce and then my work with the U.S. Chamber. Now, as chair of its Small Business Council, I am paying close attention to the tax reform advancing through Congress on behalf of ...
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The 15 percent rate for pass-through entities may be unworkable, too. Still, it's too early to tell. The tax reform process is just starting. It's not likely we'll see any action on a final bill until the end of 2017 at the earliest. So, what should a business owner do right ...
While the tax reform bill simplified some parts of the tax code, it’s all still pretty complicated. Can we get anamen? But here’s the thing:No matter how you file, you should feel confident about your taxes! Some of the tax changes—like the increased standard deduction—may make it...
Democrats confounded: Immediate benefits flow from tax reform By Jack Hellner Yesterday was a glorious day in America because of the tax cuts and tax reform bill. It is going to work much faster and better than almost anyone thought because the corporate cuts were so big and so bold. It is...
The changes announced continued the pattern of opaque changes to taxes, such as shifts to thresholds, to boost tax take in the short term, while avoiding long-overdue reform of our tax system, which will be necessary to create a long-term approach to investment and innovation. Gemma Gatherco...
Still wondering how certain changes may impact your business if you’re self-employed? Here are some important tax law changes to keep tabs on. Key tax reform changes for business owners Here are a fewkey tax reform changesthat affect self-employed businesses. ...
NEW SMALL BUSINESS TAX REFORM BILL ANNOUNCED 来自 国家科技图书文献中心 喜欢 0 阅读量: 7 作者: FON Group 摘要: The Job Creators Network announced its support for the Bring Small Businesses Back Tax Reform Act (H.R. 5374), announced by U.S. Rep. Randy Hultgren (R-IL), which would ...