Last Friday, President Trump signed into law the Disaster Relief and Airport and Airway Expansion Act of 2017. Don’t let the airport references in the title fool you, the significance of this bill for small business owners is the relief it provides for those whose businesses were devastated by recent Hurricanes Harvey and Irma. The…
Read More »Maryland isn’t going to be left out of the tax cut basket if Governor Larry Hogan has his way. He is planning to advocate for moderate tax cuts from the $300 million surplus the state is expected to realize in the current fiscal year. Hogan, who was elected in 2014 on a tax-cutting and smaller…
Read More »It was one of the so-called “tax extenders” that have been allowed to expire in each of the past two years, only to be retroactively reinstated. At long last, the US House has moved the issue forward again and passed legislation that will make the accelerated and bonus depreciation deductions permanent. The legislation, known as…
Read More »
As our children prepare to celebrate Halloween this evening, businesses across the country are being subjected to the governmental version of tricks & treats, as well, depending upon the state within which they operate their businesses. The Tax Foundation released their annual Tax Climate Index this week identifying states by their business-friendliness rating. For the…
Read More »
As we reported before, the Senate last week defeated an effort to quickly advance to the floor the Tax Extender bill, which would restore a number of tax credits and provisions that would benefit small businesses. The initiative by the Senate’s Democratic leadership was shot down on a party line basis by the Republican minority,…
Read More »Affordable Care Act (ACA): The Affordable Care Act (ACA) is also known formally as the Patient Protection and Affordable Care Act (PPACA) and informally as Obamacare or federal health care. President Barack Obama signed the Act into law on March 23, 2010. Together with the Health Care and Education Reconciliation Act (enacted by Congress to…
Read More »