NFIB launched a new ad campaign urging lawmakers to repeal the burdensome beneficial ownership information reporting rule. A preliminary victory in federal court has halted enforcement.
The bipartisan Prove It Act strengthens requirements for government agencies to analyze the impact their regulations will have on small businesses and increases small business engagement in the regulatory process. Urge the U.S. Senate to pass this important legislation.
The IRS announced an updated threshold reporting requirement for 2024, which will impact small businesses who use online platforms for selling such as eBay, PayPal, Etsy, Venmo, and CashApp.