"Beyond unacceptable, it is absurd”

National Taxpayer Advocate: IRS Not Helping Entrepreneurs in the Sharing Economy WASHINGTON – The National Taxpayer Advocate told members of the House Small Business Committee today that the Internal Revenue Service (IRS) has not been helping Americans navigate tax rules and regulations in the new sharing economy. Today’s hearing was the second in a two-part series held by the Committee examining tax compliance challenges for entrepreneurs in the sharing economy. “When the IRS is behind the times, it puts small businesses behind the eight ball,... [...]

Overdue: Chabot, Chaffetz Press OMB on Paperwork Reduction Requirements

WASHINGTON—House Small Business Committee Chairman Steve Chabot (R-Ohio), joined by House Oversight and Government Reform Committee Chairman Jason Chaffetz (R-Utah) today asked the Office and Management and Budget for a long overdue status update on the federal paperwork burden. Chairmen Chabot and Chaffetz, whose Committees have jurisdiction over the Paperwork Reduction Act, pointed out to OMB Director Shaun Donovan that “the Office of Management and Budget (OMB) is required to annually submit a report to Congress on the paperwork burden impos... [...]

An Uber-Taxing Experience for New Entrepreneurs

TaskRabbit, Experts Describe Challenges of the Sharing Economy to Congress WASHINGTON – A representative for the on-demand platform company TaskRabbit told the House Small Business Committee today that the current tax, regulatory and legal climate threatens the success of entrepreneurs in the new sharing economy. The panel of experts described to lawmakers the bevy of new tax compliance challenges faced by small employers, employees and their customers as they navigate the online, app-driven sharing economy. “No matter what you call it, the sh... [...]

Chairman Chabot Statement on House Passage of 55th National Defense Authorization Act

WASHINGTON - House Small Business Committee Chairman Steve Chabot (R-OH) made the following statement on House passage of the 55th National Defense Authorization Act (NDAA): “The contracting reforms included in this year’s NDAA will provide new and improved opportunities for America’s 28 million small businesses to compete for defense contracts so that we can get the best possible products in the hands of our war fighters and make sure the tax payers get the most bang for their buck. I want to thank Chairman Thornberry and the House Armed Servi... [...]

Small Businesses Providing Job Opportunities for All Americans

WASHINGTON – Today, entrepreneurs shared their personal stories with the House Small Business Committee about providing employment opportunities for adults with autism, Down syndrome and other intellectual or developmental disorders, syndromes, or disabilities. Witnesses told members of the Committee how these individuals boost morale and productivity in the workplace while raising awareness about the untapped talents and abilities of this often-overlooked community. “For adults with intellectual or developmental disabilities or disorders, find... [...]