Tax Reform

September 15th, 2018 by

It’s the final year of Obamacare’s individual mandate tax penalty, and CMS has detailed an additional process for providing relief for consumers   By Karen Kerrigan- On September 12, the Centers for Medicare & Medicaid Services (CMS) announced a streamlined way for consumers to claim a hardship exemption on their 2018 federal income tax return from […]

August 9th, 2018 by

Small Business Insider   by Raymond J. Keating- Normally, you can count on the states of California and New York to inflict the most burdensome taxes on pretty much anything. Well, that’s not the case when it comes to at least one product – wine. Along with Kansas, Wisconsin and Texas, California and New York […]

August 9th, 2018 by

Small Business Insider by Raymond J. Keating- It’s always troubling when after reading an article, you have to go back to see if the piece appeared in the news, analysis or commentary section of the newspaper or website. That was the case with an August 6 Wall Street Journal piece titled “U.S. Corporate Tax Cuts […]

August 3rd, 2018 by

by Raymond J. Keating- The Tax Cuts and Jobs Act (TCJA) that was passed and signed into law in December 2017 served as a good start in moving our burdensome tax system in a pro-growth, pro-entrepreneur, pro-investment direction. The House Ways and Means Committee is working to keep the ball rolling forward with its Tax Reform […]

July 3rd, 2018 by

   6th Month Celebration and Progress Report By Karen Kerrigan- On June 29, I had the opportunity to attend a White House celebration to mark the 6th month anniversary of the “Tax Cuts and Jobs Act.”  President Trump spoke about the strength of the economy and how tax relief was fueling investment, wage growth, job […]

March 28th, 2018 by

Small Business Insider by Raymond J. Keating- Reforming and modernizing the Internal Revenue Service (IRS) in order to reduce complexity and cut the costs of tax compliance is a big priority for American small business. Therefore, it’s good to see bipartisan efforts moving forward in Congress on this front. Why does this matter? In October […]

March 19th, 2018 by

SBE Council joined a coalition of business organizations and signed a letter requesting the U.S. Treasury Department allow for the aggregation or grouping of business entities for purposes of calculating the new 20 percent deduction (Section 199A) in the “Tax Cuts and Jobs Act,” as the utilization of multiple business entities is a common practice in […]

March 5th, 2018 by

A drafting error in the tax bill must be fixed, and pronto! By Karen Kerrigan– Technical corrections to tax bills are common, so it is not surprising that several issues have emerged regarding the recently enacted Tax Cuts and Jobs Act. A careless oversight dubbed the “Grain Glitch” needs to be addressed quickly before the […]

January 24th, 2018 by

By Karen Kerrigan– Entrepreneurs entered 2018 with high confidence and a strengthening economy.  Indeed, the keys to small business growth and healthy entrepreneurship hinge on strong and sustainable economic growth and the continuance of policies that lift government imposed barriers, encourage capital formation and investment. To that end, entrepreneurs are hopeful that President Trump and Congress […]

December 20th, 2017 by

This historic tax relief bill is a powerful measure that will fuel economic growth, boost entrepreneurship and encourage small business success. Washington, D.C. – Small Business and Entrepreneurship Council (SBE Council) president & CEO Karen Kerrigan issued the following statement in response to the U.S. House vote to concur with the Senate-passed tax relief package, and […]

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