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What Tax Day Means for Small Firms

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.

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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Senate Finance Committee Seeks Input on Tax Reform

The Senate Finance Committee has formed five bipartisan working groups to examine specific tax issues as part of the process for developing a legislative proposal for broad tax reform.

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U.S. Expected to Hit Debt Ceiling Limit Soon

Treasury Secretary Jacob Lew recently urged House Speaker John Boehner (R-Ohio) to raise the debt limit as soon as possible, as the debit limit’s suspension is set to expire on March 16.

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Sens. Rubio and Lee Offer Tax Reform Proposal

Last week, Republican Sens. Marco Rubio (Fla.) and Mike Lee (Utah) released a detailed plan to overhaul the existing tax code which focuses largely on the business portion of the code.

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NSBA Survey – Your Responses Needed!

NSBA is urging all members to take a few moments today to complete the 2015 Taxation Survey which will take no more than 15 minutes of your time.

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IRS Announces Delay on HRA Penalties

Last week, the IRS announced a delay in the enforcement of penalties on companies that continue to provide Health Reimbursement Accounts.

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