Tax Reform

FOR IMMEDIATE RELEASE Washington, D.C. – The Small Business & Entrepreneurship Council (SBE Council) applauded the bipartisan action of the House Ways and Means Committee on July 1, in approving a package of tax administration and taxpayer protection legislation designed to strengthen taxpayer rights, combat fraud, modernize Internal Revenue Service operations, and improve confidence in […]

In an April 8 Real Clear Policy Op-Ed, SBE Council President & CEO Karen Kerrigan writes that when it comes to policy, “There are still too many theoretical assumptions driving policy ideas in state capitols and on Capitol Hill and not enough common sense.”  However, regarding the “Working Families Tax Cut Act” (One Big Beautiful […]

By Karen Kerrigan – The tax-filing deadline is quickly approaching and a surge of return activity is expected at the Internal Revenue Service (IRS) over the next two weeks. According to 2025 filing-season data, over 117 million individual income tax returns were filed by April 11, 2025. As of March 20, 2026, the IRS has […]

By Karen Kerrigan – The “Working Families Tax Cuts Act” is delivering significant benefits to small businesses across America by helping them reinvest, innovate, support employees, and grow. The Act created certainty and opportunity by making permanent the lower personal income tax rates and 20% small business deduction in the 2017 tax bill, which is […]

By Barbara Weltman – Raising kids is financially challenging. For dual-working families, the cost of childcare adds another burden averaging more than $1,200 per month. The Working Family Tax Cuts Act of 2025 (the One Big Beautiful Bill) contains numerous tax breaks to help parents keep more of their earnings.  The Act also supports small […]

In a February 10, D.C. Journal Op-Ed, SBE Council President & CEO Karen Kerrigan identifies a regulation finalized by the IRS that unjustly identified many small-business micro-captive insurance arrangements as “abusive” tax shelters. Kerrigan writes: “Unfortunately, this is not a niche issue that can be easily ignored; it is a clear example of IRS overreach […]

By Barbara Weltman – The average cost of a new vehicle today is about $50,000, and around 80% to 85% of purchases are financed. Fortunately, there’s tax relief for those who finance the purchase of a new car starting in 2025. The Working Families Tax Cuts Act (One Big Beautiful Bill Act) introduced a new […]

By Barbara Weltman – The Working Families Tax Cuts Act (One Big Beautiful Bill) signed by President Trump in July of 2025 did not make any changes in how Social Security benefits are taxed. But it did introduce a new write-off for eligible seniors. That means more of their benefits becomes tax free, and it’s […]

  By Barbara Weltman – Several tax relief provisions and incentives provided by the Working Families Tax Cuts (the One Big Beautiful Bill) were made retroactive to cover some or all of 2025. Immediate expensing for R&D went back even further – 2022, 2023, and/or 2024 for eligible small businesses. Look carefully at these provisions […]

By Karen Kerrigan –  Most startups and small businesses can’t compete with the compensation and benefits packages offered by big businesses. For example, the cost of health insurance or retirements plans are prohibitive for many small firms. Therefore, entrepreneurs and small business owners are on the hunt for new and creative ways to reward and […]