As year-end approaches, many of my florist clients begin to ask questions about what they should do to prepare. The most common question: How do I reduce my taxes? Here are some tips based o... Read more
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
Legislation that would dramatically increase Social Security taxes and benefits has been introduced in the House and Senate. Chairman of the House Ways and Means Social Security Subcommittee... Read more
Predicting legislative actions at the beginning of a new Congress is always a highly speculative effort but this year it’s even more difficult because of the shutdown. The 116th Congr... 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
A release of proposed regulations regarding IRS Section 199A promised for June has been delayed until the end of July. These rules provide pass-through entities (which include S corporations... 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
The Internal Revenue Service (IRS) has notified more than 30,000 businesses throughout the country they are being penalized for not complying with the employer mandate in the Affordable Care... Read more
SAF has been asked to provide input to the Internal Revenue Service (IRS) for the development of small business forums. The IRS is organizing forums focused on improving service it provides... Read more