On Thursday, March 23, Republican Leadership pulled the American Health Care Act (AHCA) from being considered by the House of Representatives, citing that they did not have the support of the Republican Caucus, specifically, the influential Freedom Caucus who continued to withhold their support even after numerous concessions had been granted.
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Apr 29, 2017
The Trump administration’s proposal to slash the tax rate on partnerships and limited liability companies could set off a stampede of individual taxpayers trying to reclassify themselves as so-called pass-through businesses in order to take advantage of the savings, according to tax experts.
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Apr 28, 2017
In response to President Trump’s release today of his tax reform proposal, Keith Hall, President and CEO of the National Association for the Self-Employed (NASE), the nation's leading resource for the self-employed and micro-businesses, released the following statement:
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Apr 26, 2017
President Trump’s tax proposal for individuals would give California taxpayers some tax breaks but take away others. Without more details, it’s impossible to say what the net effect would be, but here are a few things we can surmise from the bare-bones plan released Wednesday.
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Apr 26, 2017
Main Street sentiment has soared in the wake of the election of Donald Trump on hopes that the Washington outsider will usher in an era of business-friendly policies to bolster the economy.
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Apr 26, 2017
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Apr 25, 2017
According to data collected from CB Insights, 29% of startups fail because of a cash flow crunch. It ranked as number two on the list of reasons why businesses fail, right below “lack of market need for a product or service.”
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Apr 15, 2017
With just two-weeks until the tax filing deadline of April 18th, the National Association for the Self-Employed (NASE), the nation’s leading advocate and resource for the self-employed and micro-businesses, released a list of changes and adjustments to the tax code along with important tips and resources for filing accurate returns and ways to reduce their tax liability.
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Apr 04, 2017
As the Tuesday, April 18th tax-filing deadline looms ahead, you probably have already started to gather all of your necessary tax documents and are likely spending your afternoons organizing them into neat piles of paperwork. This may include business receipts to W-2 forms, investment statements, student loan documents and other important, personalized financial documents necessary for filing a complete and accurate 2016 tax return.
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Mar 26, 2017
Tax season is upon us, and many small business owners are scrambling to pull together all the documentation needed to complete their returns. Tax preparation is expensive, time-consuming work for business owners, even for those who hire professional tax preparers. And no wonder. While the tax code in 1955 was 409,000 words, today it is around 4 million according to a National Taxpayer Advocate report. Just to get a handle on that, that’s five times longer than the Bible, both old and new testaments. “If tax compliance were an industry, it would be one of the largest in the United States,” the report says.
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Mar 24, 2017