Congress Needs Your Input on Next Relief Bill

If you’ve already reached out to your congressman and advocated for needed amendments to the HEALS Act, thank you. If you haven’t, then we need you to do so ASAP!!  As we advised this week in an Action Alert Membership Update sent out yesterday to all members, the Health, Economic Assistance, Liability Protection and Schools…

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Year-End Tax Bill Being Done, Without QIP Fix

While passing the $1.4 trillion spending package this week to keep the government funded and avoid a federal shutdown, Congress also corrected some provisions and oversights from the 2017 Tax Cuts and Jobs Act. Unfortunately however, the fix for the Qualified Improvement Property (QIP) depreciation schedule was not included, nor were most other tax extenders…

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Tax Reform Tops the List

As we’re all no doubt aware, the tax reform debate is THE top issue being discussed currently in the Nation’s Capital. Yesterday, the US House advanced its tax reform legislation and sent it to the US Senate by a vote of 227 – 205. The bill as approved by the House represents a tax cut…

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Inside House Tax Reform

Speaking of the work of the CFA, they sent out a summary recently of the key provisions contained in the House Tax Reform proposal, The Tax Cut and Jobs Act. Currently being marked up in the House Ways & Means Committee, the legislation provides for a reduction in tax brackets from 7 to 4 with…

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Congress Tees Up Critical Bill

Although it hasn’t made it to the President’s desk just yet, an important tax relief & spending authorization deal appears to have been reached in Congress this week and seemingly contains a few small but important Christmas gifts for small business if the deal holds and the bills signed into law by the President.  Three…

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More Details on the Stalled Tax Extender Bill in the US Senate

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,…

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