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North Carolina Roundtable Highlights 199A

Earlier today members of the Main Street Employers Coalition met for a roundtable event in Greenville, North Carolina, hosted by Congressman Greg Murphy. The gathering was part of a broader House Ways & Means Committee initiative to solicit input from the business community as lawmakers develop legislative solutions to avert the 2025 fiscal cliff. It also comes on the heels of similar events with Congressman Smucker in Pennsylvania and Congressman Steube in Florida.

The event took place at East Carolina University and drew a diverse group of local business

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2024-08-22T18:31:20+00:00August 22, 2024|

Talking Taxes in a Truck Episode 39: Ken Kies

Our guest this week is Ken Kies — Managing Director of the Federal Policy Group, a former Chief of Staff at the JCT, and one of DC’s foremost tax policy experts. Ken discusses the looming “fiscal cliff” and what it means for pass-throughs, outlines the long-term fiscal imbalance we face, and shares his best marathon training tips.

This episode of Talking Taxes in a Truck was recorded on August 5th, 2024, and runs 38 minutes long.

2024-08-07T14:58:46+00:00August 7, 2024|

Smucker Leads 199A Roundtable in Pennsylvania

Yesterday, S-Corp and its Main Street allies headed to southern Pennsylvania for a Tax Team event hosted by Representative Lloyd Smucker. Smucker represents the state’s eleventh congressional district and also serves as the Chair of the Main Street Tax Team. Yesterday’s event was part of the process initiated by Ways & Means Chairman Jason Smith (R-MO) to create various Tax Teams tasked with identifying legislative solutions to avert the 2025 fiscal cliff.

Attended by several dozen local business owners, congressional staff, press, and national trade association representatives, the event kicked off

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2024-08-02T12:32:46+00:00August 2, 2024|

CTA Update | July 30, 2024

Notable Developments

  • S-Corp leads push for CTA delay amendment in NDAA
  • Approps bill with delay language gets veto threat
  • FinCEN notice makes clear CTA is unnecessary
  • Utah business groups file suit
  • Bloomberg misses the point

Legislative Update

The Main Street business community came out in force last week calling on Congress to adopt a one-year delay of the Corporate Transparency Act as part of this year’s National Defense Authorization Act. The effort, led by the Main Street Employer’s coalition and backed by more than 135 of its trade association allies, is in support of a pair of NDAA amendments. As the

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2024-07-30T19:28:04+00:00July 30, 2024|

CTA Delay Gets Renewed Focus in Senate

The Main Street business community came out in force today calling on Congress to adopt a one-year delay of the Corporate Transparency Act as part of this year’s National Defense Authorization Act. The effort, led by the Main Street Employer’s coalition and backed by more than 135 of its trade association allies, is in support of a pair of NDAA amendments. As the letter explains:

 Amendments sponsored by Senators Tim Scott (#2169) and James Lankford (#2831) would provide the business community and federal regulators additional time to educate millions of small business owners regarding the CTA’s new reporting requirements and

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2024-07-25T17:26:53+00:00July 25, 2024|