When the Tax Cuts and Jobs Act was passed in 2017, the tax cuts specific to small business were only passed on a temporary basis, and are set to expire at the end of 2025. Legislation has been introduced, the Main Street Tax Certainty Act (S. 1706), which would make...

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 Credit Card Competition Act (S.1838) also called the CCCA, sponsored by Sens. Durbin (D-Ill.), Marshall (R-Kan.), Vance (R-Ohio) and Welch (D-Vt.), will help lower the burdensome swipe fees businesses face just to make a simple credit card transaction. Today, Visa and...

Months ago, the House voted on an overwhelming, bipartisan basis to pass the Tax Relief for American Families and Workers Act of 2024. Negotiated by Senator Ron Wyden (D-Ore.) and Rep. Jason Smith (R-Mo.), the massive, multibillion-dollar bill includes numerous NSBA...

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...

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...

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...

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,...

The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs are set to expire on Sept. 30, 2022, after the last five-year reauthorization. Lawmakers are likely to begin the reauthorization process again sometime this year. More must...

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...

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...

President Biden has pledged to support many policy initiatives endorsed by organized labor. Yet many of these initiatives threaten to negatively impact small businesses, the self-employed, and the economy. The 180-degree turn in regulatory employment policy priorities that...

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...

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...

The Biden presidency will likely be friendlier to business immigration needs, however, there still may be challenges facing employers who supplement their work force with high-skilled foreign labor. President Biden has said he will work with Congress to first reform...

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...

ot 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...

The U.S. Small Business Administration (SBA) has played a crucial role in supporting small businesses throughout the COVID-19 pandemic. SBA offers several different relief options to help small businesses recover from the impacts of COVID-19. In 2020, the agency backed more...

The House Ways and Means Committee began a multiday markup of key elements of Democrats' $3.5 trillion spending package. The Ways and Means Committee is one of several House panels that will be considering portions of the reconciliation spending package. House Leadership is...