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Survey: Small-Business Outlook Mixed

Survey: Small-Business Outlook Mixed

NSBA today released its 2016 Year-End Economic Report which shows small-business owners have less confidence in the overall economy, but more confidence in their own business.

Rep. Nunes Business Tax Reform Bill Introduced

Last week, Rep. Devin Nunes introduced a bill to change business taxes into a cash-flow tax, and cap corporate and pass-through rates at 29 and 25 percent, respectively.

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Taxpayer Advocate Releases Annual Report to Congress

On Jan. 6, the IRS National Taxpayer Advocate released her annual report to Congress which raised concerns that he IRS may be on the verge of dramatically reducing telephone and face-to-face tax services.

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Tax Extenders Bill a Major Win

Leadership and tax negotiators have crafted a potential deal on tax extenders that would make some tax provisions permanent, namely Sec. 179 expensing, and provide multi-year extensions for others.

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Omnibus Spending Bill Approved

Earlier today, lawmakers unveiled a $1.1. trillion government spending bill which includes provisions to delay both the ACA Cadillac tax and the HIT, with a vote most likely next week.

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Tax Extenders Package a Major Win for Small Business

NSBA applauds Senate and House negotiators for their work in offering a historic tax extenders agreement which would, among other things, permanently increase expensing limits under Section 179.

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Tax Extenders Path Remains Uncertain

Congress has once again put off until the very end of the year important work on tax extenders, only now working to meld the House and Senate versions passed months ago.

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Congress to Address Spending, Extenders

Congress is facing a hefty to-do list, including tax extenders and a massive spending bill that must get done by Dec. 11 in order to avert a government shutdown.

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President Signs Two-Year Budget Deal

On Monday, President Barack Obama signed a two-year budget agreement that raises the debt ceiling until March 2017 and lifts spending limits through September 2017.

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House Passes Budget Reconciliation Bill

Last week, the House passed their reconciliation measure (H.R. 3762) by a vote of 240-189 that would scrap parts of the Affordable Care Act and block federal funding for Planned Parenthood for one year.

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