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Chris Smith

Executive Director
csmith@mainstreetemployers.org

Main Street Employers Follow

[Owned by the S Corporation Association]

MainStEmployers
mainstemployers Main Street Employers @mainstemployers ·
19h

The IRS is “coming for you, and the neighbor kid who mows your lawn.” via @WSJopinion

Wall Street Journal Opinion @WSJopinion

There’s a new job for those 87,000 new employees at the Internal Revenue Service, and it isn’t chasing billionaires.
https://on.wsj.com/3HlWOLn
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mainstemployers Main Street Employers @mainstemployers ·
6 Dec

Tired & confused by aggressive solicitations & wild claims about the Employee Retention Tax Credit? We are. Thankfully tax expert @lmucenski11 provides a comprehensive overview of the #199A deduction & the important interactions with the ERTC. A year-end must read. via @Forbes

lmucenski @lmucenski11

Based on current guidance, taxpayer claiming ERC may have a much lower than 199A deduction than expected. Read the article below to learn more.
https://www.forbes.com/sites/lynnmucenskikeck/2022/03/14/pass-through-entities-claiming-the-employee-retention-credit-may-have-a-limited-199a-deduction/?sh=6b0ef72c7983
#TaxTwitter
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mainstemployers Main Street Employers @mainstemployers ·
4 Dec

The smallest US businesses are shedding the most jobs since May 2020, and employment at those #smallbiz is still below what it was prior to the pandemic. via @business

Bloomberg Economics @economics

Layoffs are starting to pile up at America’s smallest firms https://trib.al/SBluVdr
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mainstemployers Main Street Employers @mainstemployers ·
29 Nov

Instead of following the oligarchs' money, Congress is going after Main Street. The ENABLERS act puts the burden on millions of law-abiding #SmallBusiness, not the criminals who will never self-report their crimes. Disable the ENABLERS act. via @SCorpAssn https://s-corp.org/2022/11/enablers-targets-main-street-not-oligarchs/

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politics_polls Political Polls @politics_polls ·
20 Nov

Should the Republicans repeal the 86,000 new IRS agents or not?

Repeal 57%
Not Repeal 43%

.@Harvard-@HarrisPoll, 2,212 RV, 11/16-17
https://harvardharrispoll.com/wp-content/uploads/2022/11/HHP_Nov2022_KeyResults.pdf

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mainstemployers Main Street Employers @mainstemployers ·
19 Nov

The ‘great resignation’ led to the ‘great formation’—of start-up individually & family owned biz. That means we need a tax code that won’t penalize those biz when they grow so that they can hire, thrive, survive.

Brian Albrecht @BrianCAlbrecht

U.S. business dynamism has been falling for decades. Is that over?

The decline of the decline of dynamism?

“the pandemic sparked a genuine surge in business formation activity”

New paper from @UpdatedPriors and @JHaltiwanger_UM

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mainstemployers Main Street Employers @mainstemployers ·
19 Nov

🧵1/3 The vast majority of businesses comply with the tax law, said Brian Reardon, president of @SCorpAssn, which represents individually & family owned companies that file their taxes on individual — rather than corporate — tax returns. via @BSteverman @tax

Bloomberg Tax @tax

For the first time in years, rich Americans who cheat on their taxes face a growing threat from the Internal Revenue Service.
http://btaxgo.com/GyBaS9I
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tax Bloomberg Tax @tax ·
16 Nov

“The Democrats’ attempt to supersize the IRS without holding the agency accountable to Congress and American taxpayers is dangerous and irresponsible,” said John Thune.
http://btaxgo.com/rWpjutM

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