ATLANTA, Ga. (Nov. 20, 2024) – The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, sponsored an event with The Hill along with other small business leaders, tax experts, and policymakers, to delve into the impact of the Small Business Deduction and the potential consequences of its expiration.

Small business owners, including Georgia Small Business Owner Alison Couch, owner of Ignite Accounting & Business Advisors in Harlem, shared how the expiration of the 20% Small Business Deduction would impact Main Street, her employees and communities, and the broader U.S. economy.

Couch, owner of Ignite Accounting & Business Advisors, commented:

“[The Small Business Deduction] is such a widespread benefit. The deduction itself has been most beneficial when you compare it to things like depreciation or other tax credits that affect a specific industry. This is something that is more widespread horizontally and vertically when you look at small business owners.”

“The Small Business Deduction provides the opportunity to free up cash flow. That cash flow enables you to make capital investments and hire employees, and that’s very important for small business owners and having the ability to have the funds to do those types of investments.”

Watch Alison Couch’s full remarks and the entire event here: https://www.youtube.com/live/N38NSfQzddA?si=eLz3lr-3_MZTOys_