As year-end approaches, many of my florist clients begin to ask questions about what they should do to prepare. The most common question: How do I...
Legislation Introduced to Radically Increase Estate Tax
A bill which would dramatically increase estate taxes has been introduced by Senator Bernie Sanders (I-VT). S. 309 is titled the “For the 99.8...
Major Social Security Changes Considered
Legislation that would dramatically increase Social Security taxes and benefits has been introduced in the House and Senate. Chairman of the House...
The Legislative Year Ahead
Predicting legislative actions at the beginning of a new Congress is always a highly speculative effort but this year it’s even more...
SAF to Congress: Make Tax Code Small-Business Friendly
SAF, along with several other groups which are members of the Small Business Legislative Council (SBLC), submitted a statement for the record to the...
House Pursuing Additional Tax Relief
House Ways Ways and Means Chairman Kevin Brady (R-TX) announced that he would begin to lay the groundwork for a new round of legislation to provide...
Delay to Proposed Regulations on Section 199A
A release of proposed regulations regarding IRS Section 199A promised for June has been delayed until the end of July. These rules provide...
Changes To Meals And Entertainment Tax Deductibility
As noted in the December 22, 2017 Week In Review, the Tax Cut and Jobs Act passed by Congress made significant changes to many portions of the tax...
IRS Imposing Fines On Businesses Over Health Coverage
The Internal Revenue Service (IRS) has notified more than 30,000 businesses throughout the country they are being penalized for not complying with...
SAF Asked For Input To IRS
SAF has been asked to provide input to the Internal Revenue Service (IRS) for the development of small business forums. The IRS is organizing forums...
IRS Restructuring Advances
Twelve bipartisan measures to restructure and reform the Internal Revenue Service (IRS) were approved this week by the House Ways and Means...
How Will the New Tax Law Affect Your Business?
On Dec. 22, 2017, President Donald Trump signed into law the most sweeping tax bill since 1986. The 500-plus page bill was mostly forward-looking,...
Experts Weigh in on Tax Law Effects
In the wake of Congress’s substantial remodeling of the country’s tax code, the Society of American Florists brought in experts to help its members...
How Does the New Tax Bill Affect Your Business?
The new tax law has major implications for business owners. What exactly does it mean for you? The Society of American Florists helps members figure...
New Tax Withholding Tables Released
The Internal Revenue Service (IRS) just released updated income tax withholding tables, reflecting changes made by the new tax reform law. This is...