Apr 30, 2021 | Estate Taxes, Family Enterprise USA, In The News, Taxes
Thank you to Brandon Roman and the team at Squire Patton Boggs (US) LLP for this report. The American Jobs Plan and American Families Plan together include a wide variety of changes to the Tax Code, building on the tax proposals included in the already-passed American...
Apr 13, 2021 | Family Enterprise USA, In The News, Taxes
Thank you to Russ Sullivan and the team at Brownstein Hyatt Farber Schreck LLP for this report. The Biden administration released its fiscal year (FY2022) discretionary budget request, also known as the “skinny budget.” The request proposes $769 billion in non-defense...
Mar 17, 2021 | Budget Deficit, Family Enterprise USA, In The News, Income Taxes
Thank you to Russ Sullivan and the team at Brownstein Hyatt Farber Schreck LLP for this report. Over The Weekend Now that the American Rescue Plan (P.L.117-2) has been enacted, lawmakers are pivoting to consider economic recovery legislation. Up first in House will be...
Feb 16, 2021 | Estate Taxes, Family Businesses, In The News, Income Taxes, Taxes
Thank you to Russ Sullivan and the team at Brownstein Hyatt Farber Schreck LLP for this report. The House Ways and Means Committee released legislative text for its portion of the COVID-19 relief package both chambers have begun advancing through the budget...
Feb 12, 2021 | Estate Taxes, Family Businesses, In The News, Income Taxes, Taxes
Thank you to Russ Sullivan and the team at Brownstein Hyatt Farber Schreck LLP for this report. Over the Weekend Appearing on the Sunday talk shows, Treasury Secretary Janet Yellen advocated for President Biden’s American Rescue Plan partially in response to...
Jan 20, 2021 | COVID-19, Family Businesses, In The News
TAX TIDBIT Advancing the Biden Tax Policy Agenda. With Jon Ossoff and Raphael Warnock winning both Senate runoff elections in Georgia last week, the Senate will be evenly divided 50-50 this Congress. A newly sworn-in Vice President Kamala Harris will give Democrats...
Dec 16, 2020 | Family Enterprise USA, In The News, Income Taxes, Taxes
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...
Oct 30, 2020 | Family Businesses, Family Enterprise USA, In The News, Taxes
The House Ways and Means Committee Chair Richard Neal (D-MA) and Ranking Member Kevin Brady (R-TX) introduced the Securing a Strong Retirement Act of 2020. The bill, which expands on the bipartisan Setting Every Community Up for Retirement Enhancement (SECURE) Act...
Jul 20, 2020 | COVID-19, Family Business Stories, Family Businesses, Family Enterprise USA
Inspiration had struck, and Melissa Johnson was going with it. “As I’ve grown older, I can’t say I’ve necessarily grown wiser. I know there is a whole lot I don’t know,” she wrote in a Facebook post one recent Friday. “The only thing I know for sure is that an act of...
Jun 23, 2020 | COVID-19, Family Business Stories, Family Businesses, Family Enterprise USA
Our company was founded by my grandpa in 1953 as Seneca Sawmill. We are now owned by my mother and my two aunts. We have grown over the years and we now have 168,000 acres of timberlands that we manage sustainably (we have 92% more timber on that land than we had 25...
