At the very last minute, the U.S. House and Senate approved a continuing resolution to avert a federal government shutdown and provide short-term funding for agencies. President Joe Biden signed the legislation just before midnight […] Read More
At the very last minute, the U.S. House and Senate approved a continuing resolution to avert a federal government shutdown and provide short-term funding for agencies. President Joe Biden signed the legislation just before midnight […] Read More
The United States is facing two major events that could have far-reaching consequences for the nation’s economy and its employers: a potential federal government shutdown and expansion of the United Auto Workers (UAW) strike. Here […] Read More
U.S. manufacturers are facing higher taxes due to the expiration of several tax policies. These include: Interest Deductibility. At the beginning of 2022, a stricter limitation on the deductibility of the interest payments on business […] Read More
On September 14, the U.S. Internal Revenue Service (IRS) issued a memorandum stating it has put an immediate stop to processing employers’ paperwork for the Employee Retention Credit (ERC), a key tax benefit that Congress […] Read More
On July 18, Rep. Lloyd Smucker (R-Penn.) reintroduced the Main Street Tax Certainty Act (H.R. 4721), which would make permanent the Section 199A 20 percent deduction for business income earned through pass-through entities such as […] Read More