A bill which would dramatically increase estate taxes has been introduced by Senator Bernie Sanders (I-VT). S. 309 is titled the “For the 99.8 Percent Act.” Sen. Sanders asserts that “only 0... Read more
With the midterm elections over, members of the House and Senate returned to Washington last week for a lame duck session with a full agenda of unfinished legislation awaiting them. A lame d... Read more
SAF, along with several other groups which are members of the Small Business Legislative Council (SBLC), submitted a statement for the record to the U.S. Senate Small Business & Entrepre... Read more
House Ways Ways and Means Chairman Kevin Brady (R-TX) announced that he would begin to lay the groundwork for a new round of legislation to provide additional tax relief, building on tax ref... Read more
The misclassification of workers as independent contractors can be an extremely costly and a difficult misstep for employers to correct. In light of the new pass-through rates established un... Read more
Changes To Meals And Entertainment Tax Deductibility
As noted in the December 22, 2017 Week In Review, the Tax Cut and Jobs Act passed by Congress made significant changes to many portions of the tax code. On January 9, 2018, SAF provided its... Read more
Experts Weigh in on Tax Law Effects
In the wake of Congress’s substantial remodeling of the country’s tax code, the Society of American Florists brought in experts to help its members wade through the changes. President and Ge... Read more
The Internal Revenue Service (IRS) just released updated income tax withholding tables, reflecting changes made by the new tax reform law. This is the first in a series of steps that the IRS... Read more
Consumers, Business Owners React to Tax Code Overhaul
In the final days of 2017, Congress approved a landmark bill to overhaul the country’s tax code. “The Tax Cuts and Jobs Act” (H.R. 1), a comprise bill between House and Senate versions, repr... Read more
Congress approved, H.R. 1, the Tax Cuts and Jobs Act, this week, marking the first time in 30 years since the tax code has been overhauled. The final bill is a compromise between the House a... Read more