What is the Stepped-Up Basis and Why it Matters
The stepped-up basis protects small businesses from massive tax bills following an owner’s death – but it may be replaced with a new, much more costly standard.
The stepped-up basis protects small businesses from massive tax bills following an owner’s death – but it may be replaced with a new, much more costly standard.
State Director Patrick Connor reports from Olympia on the small-business agenda at the end of the Legislature’s 2021 sessionThe 2021 session of the 67th Washington State Legislature adjourned sine die at 6:10 p.m., Sunday, April 25, the last day allowed by the state constitution for this year’s 105-
State Director Anthony Smith reports from Salem on the small-business agenda for the legislative and political week ending April 23It’s Day 95 of the 160-day Oregon Legislative Session and just as the pace started to quicken in the House, the chamber experienced another case of COVID-19, causing all
Since it became law in 2017, the Small Business Deduction has allowed small businesses organized as pass-through entities like Sole proprietorships, S-Corporations, Partnerships, or LLCs, to deduct up to 20% of their qualified business income.
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