The REST Act Supports Small Businesses! (H.R.3725)
The SBAC is strongly supporting legislation filed by Representative Newman designed to cut taxes on entrepreneurs and small businesses across the country. The Relief and Equity for Small Businesses through Tax (REST) Act adjusts Section 199A of the Internal Revenue Code to increase the deduction of qualified business income from 20% to 25% for business owners making less than $100,000 in taxable annual income.
Simply put, this means entrepreneurs that generate less than $100,000 in income will pay fewer taxes so they can grow their businesses.
Read Congresswoman's Marie Newman's Press Release HERE.
It’s Crunchtime in Springfield for Small Business
Please check out SBAC’s co-founder and President Elliot Richardson’s full article in the Daily Herald Business Ledger. Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva Daily Herald Tandem HR Interprenet Signature Bank Lexitas Empower Korey Richardson Open One Solutions Freeborn and Peters…
Big Win for Chicago Home Based Businesses
Big Win for Chicago Home Based Businesses “This is a crucial time to support entrepreneurs with the dream of launching and growing their businesses in Chicago. This ordinance will unleash Chicagoans looking to build a business that will support local communities,” said SBAC co-founder and President Elliot Richardson. “We appreciate the support and leadership of…
The SBAC is Fighting to Help the Small Business Community Recover from the Pandemic and Thrive
ADVOCACY The SBAC is fighting to help the small business community recover from the pandemic and thrive. Learn about our legislative agenda here: Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva Daily Herald Tandem HR Interprenet Signature Bank Lexitas Empower Korey…
