At the beginning of each new session of Congress, NSBA members gather to hear from thought leaders on countless issues facing small business, and then discuss, debate and ultimately vote on the organization’s Top 10 Priority Issues for the coming two years.
With the Tax Cuts and Jobs Act of 2017 (TCJA), Congress chose to make many of the individual provisions temporary to limit the revenue cost of the TCJA to a level consistent with the overall constraint on the 10-year revenue loss in the Congressional Budget Resolution.
An important tool used by a majority of Small Businesses, action is needed on 199A.
Self-employed individuals, unlike large corporations, cannot fully deduct the cost of their health insurance as a business expense.
Starting in 2022, the 2017 Tax Cuts and Jobs Act (TCJA) requires businesses to amortize Research and Development (R&D) expenses over a five-year period.
The Tax Cuts and Jobs Act (TCJA) which was enacted late-2017 is now in effect, but key portions of it are only temporary - specifically those that help the majority of America’s Small Businesses.
Reducing the so-called tax gap has long been proposed as one way of increasing federal revenues without increasing tax rates.
E-commerce provides businesses with access to much larger markets, but it also complicates even the simplest of retail transactions.
Despite some short-term improvements made in recent years, long-term debt challenges remain, and in the coming decades, the debt will squeeze budgetary resources that are vital to our economic success and competitiveness will be stymied.
The current federal income tax system is broken—unfair, overly complex, and almost impossible for most Americans to understand.
