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NSBA’s Tom Mathison Testifies: Tax Simplification a Must

NSBA’s Tom Mathison Testifies: Tax Simplification a Must

NSBA Trustee and Taxation Committee Chair Tom Mathison testified today before the Senate Committee on Small Business and Entrepreneurship on the need for broad, long-term tax reform as well as immediate steps to simplify the system.

Senate Finance Approves Tax Extenders Bill

Yesterday, the Senate Finance Committee approved legislation to address the temporary tax deductions, credits and incentives that expired at the end of 2014, or so-called “tax extenders,” in an effort to avoid another last-minute extension.

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NSBA Endorses Sen. Vitter Tax Compliance Relief Bill

NSBA is endorsing legislation from Senate Small Business and Entrepreneurship Committee Chairman David Vitter (R-La.) which aims to help alleviate the administrative burden of tax compliance on small-business owners.

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House to Consider Making R&E Tax Credit Permanent

On Wednesday, the House is expected to vote on legislation (H.R. 880) introduced by Reps. Kevin Brady (R-Texas) and John Larson (D-Conn.) that will improve and make permanent the R&E tax credit.

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Tax Reform & Small Business Briefing Call

On May 6 at 2:00 p.m. EDT, NSBA will hold an issue briefing call to discuss broad tax reform and where legislation stands in Congress, featuring NSBA leadership and external tax experts.

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What Tax Day Means for Small Firms

With tax day upon us, NSBA is urging small-business owners and policymakers alike to consider the massive burden posed by the federal tax code, and get engaged on the topic.

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House Expected to Vote to Repeal Estate Tax

This week, the House is expected to vote on the Death Tax Repeal Act of 2015, which would permanently repeal the estate tax, the first House vote on stand-alone repeal legislation since 2005.

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New NSBA Survey: Taxes Hamper Small-Business Growth

NSBA today released its 2015 Small Business Taxation Survey which shows growing the administrative burden of the U.S. tax code, namely: one-in-three small firms report spending in excess of 80 hours per year on the administration of federal taxes.

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Budget Debate Takes Over Both Chambers

This week the House and Senate are considering FY 2016 budget resolution proposals, both of which passed committee along party-line votes, and call for major reductions in federal spending and comprehensive tax reform.

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House Committee to Vote on Estate Tax Repeal

Today, the House Committee on Ways and Means will markup the Death Tax Repeal Act of 2015, a bill to permanently repeal the estate tax, introduced by Reps. Kevin Brady (R-Texas) and Sanford Bishop (D-Ga.).

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