The REST Act Supports Small Businesses! (H.R.3725)
The SBAC is strongly supporting legislation filed by Representative Newman designed to cut taxes on entrepreneurs and small businesses across the country. The Relief and Equity for Small Businesses through Tax (REST) Act adjusts Section 199A of the Internal Revenue Code to increase the deduction of qualified business income from 20% to 25% for business owners making less than $100,000 in taxable annual income.
Simply put, this means entrepreneurs that generate less than $100,000 in income will pay fewer taxes so they can grow their businesses.
Read Congresswoman's Marie Newman's Press Release HERE.
Saul Ewing Employment Update
SBAC INSIGHTS PAGE January 2024Authored by: David G. Shapiro and Marielle C. MacMinnSBAC Partner, Saul Ewing, provides an update on dubious Employee Retention Credit (ERC) claims – “many of which were made at the urging of aggressive promoters. The IRS is offering a limited-time Voluntary Disclosure Program (VDP) to encourage taxpayers to come forward, allowing…
Chicago Paid Time Off Ordinance Implementation Delayed!
SBAC INSIGHTS PAGE Helpful Resources: View the English webinar on Chicago’s Paid Leave and Paid Sick and Safe Leave Ordinance HERE. View the Spanish webinar on Chicago’s Paid Leave and Paid Sick and Safe Leave Ordinance HERE. Frequently Asked Questions (FAQs) Flyer Informational Flyer View the Proposed PTO Rules Here The City Council has passed…
Join the Small Business Advocacy Council’s District Advocate Program!
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