The Corporate Transparency Act (CTA) was signed into law in December 2020 and will require ONLY certain businesses with fewer than 20 employees to disclose owners’ information to the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN). While the intent of...

The Tax Cuts and Jobs Act of 2017 (TCJA) reduced tax rates for businesses and individuals, and introduced the new qualified business income 20 percent deduction, making it more beneficial for pass-through entities. It also limited the deduction for state and local income...

Passed in 2022, the Inflation Reduction Act includes $80 billion in increased funding for the Internal Revenue Service (IRS), much of which is intended for increased enforcement and audits. The "tax gap" is the difference between taxes paid and taxes owed by law. The...

Access to credit can help small businesses grow, invest in owners’ enterprises, increase hiring, and more, all which leads to growth in the U.S. economy. As small businesses are historically disadvantaged when it comes to securing financing, it is critical to encourage...

Two important roles within the Small Business Administration (SBA) and the SBA Office of Advocacy are slated to be filled in the coming weeks, pending confirmation by the Senate. The chamber will determine whether to confirm William Briggs as SBA's Deputy Administrator and...

The complexity of applying for a government contract can discourage many small-business owners from competing in a government bid. Despite the federal government meeting its small-business contracting goals in recent years, more can and should be done to ensure...

In recent years, the issue of paid family leave has garnered attention from lawmakers on both sides of the aisle. Along with the COVID-19 pandemic, three recent developments have pushed the debate forward: 1) the increasing patchwork of state and local paid leave law...

A small business that makes good hiring decisions tends to have higher productivity and lower turnover, which positively affects the bottom line. Hiring the wrong people can have a negative impact on employee morale and management time and can waste valuable training and...

As a result of growing partisanship, Congress is not doing the job it was elected to do: passing budgets, responsibly managing the nation’s finances, and making the decisions necessary to ensure that government functions at a basic level of efficiency.Political dysfunction...

America’s small businesses are facing the ever-growing financial and time burden of dealing with federal regulations. Despite the vital importance of small businesses to the U.S. economy, federal laws and unnecessary regulations have often disproportionately burdened them...

The considerable free rein federal agencies have over how to interpret and enforce laws passed by Congress is too often done in a way that harms America’s small businesses. While various regulatory reform initiatives have prohibited the enactment of a range of onerous rules...

Self-employed individuals, unlike large corporations, cannot fully deduct the cost of their health insurance as a business expense. At issue is the 15.3 percent tax that self-employed individuals must pay on their employer-provided health insurance costs to which nobody...

Small businesses rely on information technology more than ever, yet the very tools that make small businesses competitive have also put them in the crosshairs of cyber attackers. The security of our online data and finances is a huge concern for America’s small businesses,...

One of the most prominent challenges for small businesses is raising adequate capital to launch new ventures. Entrepreneurs have traditionally relied upon funding from capital providers such as banks, venture capitalists, angel investors, or contributions from friends and...

Small-business owners, as well as their employees, are faced with the challenging task of juggling their personal lives with their careers. In order to allow the greatest amount of freedom while maintaining productivity, flexible scheduling—including flexible credit hour...

E-commerce provides businesses with access to much larger markets, but it also complicates even the simplest of retail transactions. One of the most challenging aspects can be figuring out which sales taxes apply to individual sales, especially when selling to out-of-state...

Health care costs remain one of the main concerns for small businesses in terms of providing health insurance to their employees and their families. The costs of medical malpractice–both direct and indirect–are a significant component of the health care system that is...

Abusive patent litigation continues to undermine the U.S. patent system. It discourages and deters investments in jobs and new technologies, stifles innovation, and weakens our intellectual property system.  Technology-focused small businesses contribute new...

When a small-business owner is considering his or her retirement needs and those of his employees, there are myriad different plans to consider with countless requirements and stipulations. Navigating an employee pension plan can be extremely complex and cumbersome and can...

Not since 1995 has an administration assembled a White House Conference on Small Business (WHCSB). It has been more than 25 years since the last WHCSB and it is time to convene a gathering to develop a cohesive small-business agenda to ensure the government is...

While small businesses continue to struggle through a difficult economic period, they need access to capital to continue their operations and keep their employees on payroll. Policymakers must ensure that lending programs, and a variety of lending options remain available...

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are set to expire on Sept. 30, 2025, after the last three-year reauthorization. Lawmakers are likely to begin the reauthorization process again sometime this year. More must...

Despite some short-term improvements made in recent years, long-term debt challenges remain, and in the coming decades, the debt will squeeze budgetary resources that are vital to our economic success and competitiveness will be stymied. The COVID-19 pandemic and the...

The current federal income tax system is broken—unfair, overly complex, and almost impossible for most Americans to understand. The Fair Tax is a reasonable, nonpartisan alternative before Congress that is both fair and easy to understand. A system that allows taxpayers to...

For the past half century, the U.S. has led the world in breaking down barriers to trade and in creating a fairer and freer international trading system based on market economics and the rule of law that has generated more American jobs and helped the growth of small and...

Small firms are facing a shortage in skilled workers, making reform necessary. However, some reform proposals put the onus of verifying immigration status on small firms and include unfair and hefty penalties. Call on lawmakers to ensure that any comprehensive...

Beginning in 2022, major changes made to section 174 of the Internal Revenue Code by the 2017 Tax Cuts and Jobs Act went into effect that will require businesses to amortize R&D expenses over a five-year period. Previously, these expenses were allowed to be...

Governments both domestically and internationally are enacting internet privacy rules that could prove complex and burdensome for many unsuspecting small businesses. Several states have passes various data privacy regulations, and all 50 states have enacted breach...

Net neutrality is the principle that an internet service provider (ISP) must provide access to all sites, content and applications at the same speed, under the same conditions without blocking or preferencing any content. A free and open Internet helps prevent unfair...

More than doubling the federal minimum wage–which has been proposed–presents a significant obstacle to ailing Small Businesses trying to survive this pandemic. Lawmakers’ well-intended efforts to increase the federal minimum wage will cause a hardship for many small firms,...

Over the last three decades, health care costs have been steadily increasing and, absent reform, will continue to do so at an unsustainable pace. Lawmakers need to support broad reform that will reduce the cost of coverage, provide universal access, focus on...