AICPA to Testify at House Small Business Committee Hearing on Tax Barriers to Entrepreneurship
Published February 14, 2017
Washington, D.C. (February 14, 2017) – Troy K. Lewis, immediate past chair of the American Institute of CPAs’ (AICPA) Tax Executive Committee, will testify on Wednesday, February 15, at a hearing titled Start-ups Stalled? The Tax Code as a Barrier to Entrepreneurship, which will be held by the House Small Business Committee.
Lewis will discuss tax reform issues that directly impact small businesses and their owners including tax rates for pass-through entities, distinguishing between profits of the business and compensation of owner-operators, limitation of the interest expense deduction, and employee fringe benefit exclusions, as well as the importance of retaining the cash method of accounting for service businesses.
The hearing is scheduled for 11 a.m. in Room 2360 of the Rayburn House Office Building in Washington, D.C.
The AICPA’s testimony will be available on February 15 from Shirley Twillman at firstname.lastname@example.org.