Archive for September 2023

ASA Supports Rep. McHenry (R-NC)’s Protecting Small Business Information Act Rep. McHenry (R-NC)’s Protecting Small Business Information Act (H.R. 4035) would delay the Corporate Transparency Act (CTA)’s January 1, 2024, effective date.  The CTA’s reporting requirements will subject tens of millions of small businesses to higher compliance costs, privacy risks, and hefty fines and prison…

IRS Reminds Taxpayers to Prepare for Natural Disasters September is National Preparedness Month and with the peak of hurricane season just ahead, the Internal Revenue Service reminds taxpayers to develop an emergency preparedness plan or, if they already have one, to update it for 2023.  Per the IRS, taxpayers can begin getting ready for a…

Pay Raise for Federal Workers President Biden submitted the paperwork to move forward with what averages out to a 5.2 percent federal pay increase next year. The President notified Congress of his intent to implement a previously announced alternative pay schedule for many federal civilian workers in 2024, in line with his budget request earlier…