Uncategorized - The S Corporation Association

Carol Roth Pushes CTA Database Purge

Carol Roth’s latest column in The Blaze makes a powerful case for finishing the job on the Corporate Transparency Act (CTA): both repealing the law outright and purging the massive database of sensitive ownership information the government never should have collected.

As Roth writes:

The Trump administration has made Main Street a central priority — and limiting the reach of the Corporate Transparency Act’s Beneficial Ownership Information rule was one of its best decisions so far. The rule required small businesses to hand over sensitive ownership data to the Treasury Department’s Financial Crimes Enforcement Network, under threat of heavy fines and …

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admin2025-10-28T18:15:49+00:00October 28, 2025|

Main Street Backs 199A Expansion

With the reconciliation bill process reaching its final stages,120 trade associations today called on the Senate to incorporate a key part of the House-passed bill: an expansion of the 199A deduction from 20 to 23 percent. As the letter states:

Expanding Section 199A will help preserve tax parity between pass-through businesses and larger public corporations while helping ensure the Senate bill does not raise taxes on millions of Main Street businesses.

The Section 199A deduction plays a vital role in preserving competitive neutrality in the Tax Code. The 2017 Tax Cuts and Jobs Act reduced the corporate tax rate from 35 …

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admin2025-06-27T18:07:12+00:00June 27, 2025|

CTA Heat

Last week the American Institute of Certified Public Accountants (AICPA) – along with more than 50 of its state societies and affiliates – once again called on federal regulators to delay implementation of the Corporate Transparency Act.

The letter is a scathing indictment of the new reporting regime and centers on the widespread confusion among the small business community when it comes to understanding their compliance obligations. It reads, in part:

In numerous letters to FinCEN through the BOI rulemaking process and as recently as October of last year, we raised concerns regarding the constricted timeline for the small business community …

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admin2024-04-10T19:05:32+00:00April 10, 2024|

Employment Data: State Level

admin2021-11-09T19:40:48+00:00November 9, 2021|

Congressional District Level Employment Data

admin2021-11-09T19:50:58+00:00October 27, 2021|