Report: TCJA Made Tax Code More Complicated for Small Businesses

Report: TCJA Made Tax Code More Complicated for Small Businesses

Businesses for Responsible Tax Reform

The new passthrough deduction for qualified business income “is unlikely to generate enough tax savings for small businesses to hire new employees and/or make significant operational improvements or capital investments,” Businesses for Responsible Tax Reform said in a report, noting that tax reform changes have made the code more complicated for small businesses.

The new passthrough deduction for qualified business income “is unlikely to generate enough tax savings for small businesses to hire new employees and/or make significant operational improvements or capital investments,” Businesses for Responsible Tax Reform said in a report, noting that tax reform changes have made the code more complicated for small businesses.

The new passthrough deduction for qualified business income “is unlikely to generate enough tax savings for small businesses to hire new employees and/or make significant operational improvements or capital investments,” Businesses for Responsible Tax Reform said in a May report, noting that tax reform changes have made the tax code more complicated for small businesses.

The new passthrough deduction for qualified business income “is unlikely to generate enough tax savings for small businesses to hire new employees and/or make significant operational improvements or capital investments,” Businesses for Responsible Tax Reform said in a May report, noting that tax reform changes have made the tax code more complicated for small businesses.