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...

Passed last year, The Inflation Reduction Act includes $80 billion in increased funding for the Internal Revenue Service (IRS), much of which is intended for increased enforcement and audits. The "tax gap" is the difference between taxes paid and taxes owed by law. The...

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...

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...

Net neutrality is the principle that an internet service provider (ISP) must provide access to all sites, content and applications at the same speed, under the same conditions without blocking or preferencing any content.  In 2015, the Federal Communications...

With the Occupational Safety and Health Act of 1970, Congress created the Occupational Safety and Health Administration (OSHA) to ensure safe and healthful working conditions for workers. Due to a complex set of regulations, many small-business owners simply do not know of...

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...

Excessive litigation in the U.S. limits job creation, stymies innovation, and increases costs of goods and services. In 2018, small businesses faced $182 billion in commercial tort costs, even though they brought it only 19 percent of the revenue. The entire commercial tort...

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...

Earlier this week, U.S. Small Business Administration (SBA) Administrator Isabella Guzman announced SBA would be filling  a handful of open positions at the SBA. Unfortunately, there remain three key openings that require immediate action: the SBA Deputy...

Beginning in 2022, major changes made to section 174 of the Internal Revenue Code by the 2017 Tax Cuts and Jobs Act went into effect that will require businesses to amortize R&D expenses over a five year period.  Previously, these expenses were allowed to be...