My Profile   |   Contact Us   |   Sign In   |   Register
News & Press: WIPP Legislative Updates

Senate Committee Hears from Small Business Owners on Tax Reform

Friday, July 31, 2015  
Share |


WIPP Special Policy Briefing


Senate Committee Hears from Small Business Owners on Tax Reform


The Senate Small Business Committee held a hearing on how tax reform would benefit small businesses. Both business owners and advocacy groups expressed concerns that the tax code was extremely complicated, and time consuming for small business owners. The witnesses supported a proposal that would establish a Small Business Review Panel at the IRS to offer guidance on rules and regulations that impact small businesses.  They also supported allowing the IRS to waive penalties and deadlines as appropriate when small businesses have acted in good faith.

While a major overhaul of the tax code appears unlikely, Congress is expected to take up tax “extenders” -- more than 50 tax credits, some affecting small businesses -- in the Fall.  

more Calendar

Give Me 5: Winning Proposal Pricing

Give Me 5: 5 Things You Should Know About Simplified Acquisition Opportunities

Give Me 5 Virtual Mentoring: Simplified Acquisitions

Give Me 5: Executing Your Plan to Add Zero to Your Revenues (Part 2)

Featured Members
Pamela MazzaWIPP National Partner

Privacy Policy / Disclaimer    |    © WIPP  |    888-488-WIPP

Association Management Software Powered by YourMembership  ::  Legal