Estimated reading time: 1 minute, 34 seconds

AICPA to Testify at Senate Hearing Examining Small Business Tax Reform Issues

Annette Nellen, CPA, CGMA, Esq., chair of the American Institute of CPAs’ (AICPA) Tax Executive Committee, will testify on Wednesday, June 14, at a hearing titled Tax Reform: Removing Barriers to Small Business Growth, which will be held by the Senate Committee on Small Business and  Entrepreneurship.


Nellen will testify about the effect of certain tax reform proposals on small business owners.  Among the subjects she’ll cover are tax rates for pass-through entities, the interest expense deduction, the need for simplified rules for qualified retirement plans and the importance of retaining the cash method of accounting for service businesses.  Nellen will also recommend the creation of a practitioner services unit within the Internal Revenue Service (IRS) that offers an online tax professional account with access to clients’ information, which would benefit the thousands of small businesses served by the tax practitioner community and the IRS.

The hearing is scheduled for 3 p.m. in Room 428A of the Russell Senate Office Building.

The AICPA’s testimony will be available on June 14 from Shirley Twillman at This email address is being protected from spambots. You need JavaScript enabled to view it..
Read 2211 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.