What it means: The 20% Small Business Deduction is set to expire at the end of the year, causing a massive tax hike on over 33 million small businesses. NFIB member Alison Couch testified on behalf of small businesses about the importance of making this deduction permanent.

NFIB member take: “I have practiced public accounting for 21 years and can tell you without doubt that the 20% Small Business Deduction has been the single most beneficial tax deduction for small business owners,” said Alison Couch, President of Ignite Accounting & Business Advisors.

Take Action: NFIB’s petition to make the Small Business Deduction permanent has reached 100,000 signatures! Help amplify the voice of small business by signing today.

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NFIB member and small business owner of Ignite Accounting & Business Advisors Alison Couch testified in a hearing about the need to stop the massive tax hike by making the 20% Small Business Deduction permanent. Alison testified before the U.S. House Committee on Ways and Means on January 14, marking her second time testifying before the committee.

Alison’s testimony focused on the lack of certainty her clients have regarding whether the provisions of their small businesses depend upon will be extended. “These include the 20% Small Business Deduction and reduced rates for individual income brackets. Moreover, they are still faced with steep regulatory requirements imposed by taxing authorities that deplete much of their time and efforts,” Alison explained.

Alison urged Congress to act quickly to preserve the 20% Small Business Deduction and reduce burdens on small businesses. Learn more about the benefits of the deduction and updates on legislation to make it permanent.

TAKE ACTION: NFIB’s petition to make the Small Business Deduction permanent has reached 100,000 signatures. Help amplify the voice of small business by signing today.