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Congress proposes to restore tax deductions for performing artists

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Two lawmakers in the House reintroduced bipartisan legislation Wednesday to change a provision in the Tax Cuts and Jobs Act that makes it difficult for performers to deduct business expenses.
The Performing Artist Tax Parity Act, sponsored by Rep. Judy Chu, D-California, and Vern Buchanan, R-Florida, would update the Qualified Performing Artist tax deduction to help artists deduct work-related expenses. The Tax Cuts and Jobs Act of 2017 mostly eliminated the ability to claim miscellaneous itemized deductions that used to allow performing artists to deduct their work expenses. Elimination of the deductions has caused many artists to pay thousands more in taxes. The proposed legislation would correct this problem by updating the thresholds of the Qualified Performing Artists Deduction to enable more lower and middle-income performing artists to claim it. ....

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SBA Releases New Guidance for the Restaurant Revitalization Fund's Application Process | Burr & Forman

SBA Releases New Guidance for the Restaurant Revitalization Fund's Application Process | Burr & Forman
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SBA Releases New Details for Its $28.6 Billion Restaurant Revitalization Fund

While the RRF grant program is styled similar to the Shuttered Venue Operators Program, look forward to a different rollout. ....

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Senate Confirms New SBA Boss Isabel Guzman

Senate Confirms New SBA Boss Isabel Guzman
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