A Family Business Tragedy

A Family Business Tragedy

Many members of Congress do not believe that family businesses are sold to pay the estate tax or suffer economically. Family members suffer, employees lose jobs, and the local community loses the charitable giving from the business. Read the story of Anthony...
Congress Passes Omnibus, COVID-19 Relief

Congress Passes Omnibus, COVID-19 Relief

On Dec. 20, the House and Senate passed H.R. 133, The Consolidated Appropriations Act of 2021. The bill includes a $900 comprehensive package to provide COVID-19 relief to businesses and individuals, including a second round of Paycheck Protection Program (PPP) loans...
Taxation & Representation

Taxation & Representation

TAX TIDBIT: Who Will Lead OIRA Under Biden? President-elect Joe Biden selected a host of economic experts to serve in top advisory roles early last week. If confirmed, the nominees will hold key positions in the Treasury Department, Council of Economic Advisers and...
IRS Releases Priority Guidance Plan

IRS Releases Priority Guidance Plan

On Nov. 17, the Treasury Department and the Internal Revenue Service (IRS) released the agency’s initial 2020-2021 Priority Guidance Plan (PGP), which will serve as a blueprint for forthcoming regulatory guidance from the agency between July 1 and June 30, 2021. The...
President Trump’s Aug. 8 Tax Executive Orders

President Trump’s Aug. 8 Tax Executive Orders

On Saturday, Aug. 8, 2020, President Donald Trump signed four executive orders (EO) to defer payroll taxes, set up an assistance program for lost wages to supplement unemployment benefits, extend the federal moratorium on evictions and defer student loan payments....
Pat Soldano Was On The Radio

Pat Soldano Was On The Radio

Pat Soldano was recently interviewed on the Exit Coach Radio Show with Bill Black, the show for business owners who are contemplating their future business Succession, Exit and Transition. Pat & Bill talked about the recent Family Enterprise USA 2020 Annual Family...
State News – Illinois

State News – Illinois

Hawaii Taxes could rise on high-end real estate on the island of Hawaii Illinois The top Republicans in the Illinois legislature are pushing for a vote that would remove from the November ballot a measure that would allow for a progressive income tax. Democrat...