Protecting Small Business Information Act of 2023

General issues related to multiple areas of the tax law and code including: Legislative proposals on tax simplification and technical tax changes; Beneficial ownership information reporting issues, including the Protecting Small Business Information Act of 2023 (H.R. 4035 / S. 2623).

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Monitor the implementation of the Infrastructure Investment and Jobs Act Monitor and oppose implementation of the Corporate Transparency Act Support the Small Business Information Act of 2023 (H.R. 4035/S. 2623) Oppose the Federal Trade Commission's proposed rule prohibiting non-compete agreements

Client expense: $200,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Council of Economic Advisers (CEA), Energy, Dept of, Environmental Protection Agency (EPA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), President of the U.S., SENATE, Treasury, Dept of, White House Office

Corporate Transparency Act. Issues to help detect and report suspicious activity related to money laundering and terrorist finance, to facilitate tracking money that has been sourced through criminal or terrorist activity, and to safeguard national security and the U.S. financial system H.R. 4035/S. 2623 and H.R. 5119.

Client expense: $30,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Implementation of the Inflation Reduction Act (Public Law 117-169), provisions affecting wind, solar, energy storage, carbon capture, and other carbon reduction incentives. H.R 7024, Tax Relief for American Families and Workers Act of 2024, provisions affecting energy projects. S. 1706, Main Street Tax Certainty Act of 2023; S. 1117, H.R. 2406, ALIGN Act; H.R. 4035, S. 2623, Protecting Small Business Information Act of 2023; H.R. 5119, S. 3625, Protect Small Business and Prevent Illicit Financial Activity Act; H.R. 8619, S Corporation Modernization Act of 2024; H.R. 8147, S. 4297, Repealing Big Brother Overreach Act.

Client expense: Not reported · Firm income: $60,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

31 U.S.C. 5336 - Filed in the 116th Congress as H.R.2513/S.1978 Corporate Transparency Act of 2019. To ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting United States corporations and limited liability companies for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations and limited liability companies, and for other purposes; H.R.20/S.567 Richard L. Trumka Protecting the Right to Organize Act of 2023. To amend the National Labor Relations Act, the Labor Management Relations Act, 1947, and the Labor-Management Reporting and Disclosure Act of 1959, and for other purposes; S.866 American Innovation and Jobs Act. To amend the Internal Revenue Code of 1986 to enhance tax benefits for research activities; H.R.1332 Thirty-Two Hour Workweek Act. To amend the Fair Labor Standards Act of 1938 to reduce the standard workweek from 40 hours per week to 32 hours per week, and for other purposes; H.R.4721/S.1706 Main Street Tax Certainty Act. To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income; H.R.3799 CHOICE Arrangement Act/Association Health Plans Act. To amend the Internal Revenue Code of 1986 to provide for health reimbursement arrangements integrated with individual health insurance coverage; H.R.3938 Build It in America Act. To amend the Internal Revenue Code of 1986 to encourage economic growth; H.R.3937 Small Business Jobs Act. To amend the Internal Revenue Code of 1986 to promote the establishment and growth of small businesses; H.R.3936 Tax Cuts for Working Families Act. To amend the Internal Revenue Code of 1986 to rename the standard deduction the guaranteed deduction, and to add a bonus amount to the guaranteed deduction for taxable years 2024 and 2025; H.R.3881/S.1838 Credit Card Competition Act. To amend the Electronic Fund Transfer Act to require the Board of Governors of the Federal Reserve system to prescribe regulations relating to network competition in credit card transactions, and for other purposes; H.R. 4035/S.2623 Protecting Small Business Information Act of 2023. To require the Secretary of the Treasury to harmonize the effective dates of all rules required under the Corporate Transparency Act, and for other purposes; S.1411 Prove It Act of 2023. To amend title 5, United States Code, to require greater transparency for Federal regulatory decisions that impact small businesses, and for other purposes; H.R.7198 Prove It Act of 2024. To amend title 5, United States Code, to require greater transparency for Federal regulatory decisions that impact small businesses, and for other purposes; S.1896 SCORE Act of 2023. To reauthorize the SCORE program, and for other purposes. H.R.2744 Freedom from Government Competition Act of 2023. To require that the Federal Government procure from the private sector the goods and services necessary for the operations and management of certain Government agencies, and for other purposes. H.R.4666 To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID-19 loans. H.R.4667 Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds (RECLAIM Taxpayer Funds) Act. To require the Administrator of the Small Business Administration to issue guidance and rules for lenders and the Small Business Administration on handling amounts of Paycheck Protection Loans returned by borrowers, and for other purposes. H.R.4668 Providing Opportunities to Show Transparency via Information Technology (POST IT) Act of 2023. To amend the Small Business Act to require the Small Business and Agriculture Regulatory Enforcement Ombudsman to publish guidance documents for certain rules, and for other purposes. H.R.4670 Small Business Contracting Transparency Act of 2023. To amend the Small Business Act to require reporting on additional information with respect to small business concerns owned and controlled by women, qualified HUBZone small business concerns, and small business concerns owned and controlled by veterans, and for other purposes. H.R.5427 To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes. H.R.4480 Successful Entrepreneurship for Reservists and Veterans (SERV) Act. To require the Administrator of the Small Business Administration to report on the veterans interagency task force, to require the Comptroller General of the United States to report on access to credit for small business concerns owned and controlled by covered individuals, and for other purposes. S.3528 Supporting Disabled Entrepreneurs Act. To amend the Small Business Act to establish the position of Coordinator for Disabled Small Business Concerns within the Office of Diversity, Inclusion and Civil Rights of the Small Business Administration, and for other purposes. H.R.5119/S.3625 Protect Small Businesses and Prevent Illicit Financial Activity Act of 2024. To amend title 31, United States Code, to provide small businesses with additional time to file beneficial ownership information, and for other purposes. H.R.7024 Tax Relief for American Families and Workers Act of 2024. To make improvements to the child tax credit, to provide tax incentives to promote economic growth, to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, to provide tax relief with respect to certain Federal disasters, to make improvements to the low-income housing tax credit, and for other purposes. H.R.7668 ADA 30 Days to Comply Act. To amend the Americans with Disabilities Act of 1990 to provide for a remediation period before the commencement of a civil action. H.R.7473 Funding Small Businesses During Shutdown Act. To ensure continued appropriations for certain Small Business Administration programs during a Government shutdown in fiscal year 2024, and for other purposes. H.R.7963 Small Business Red Tape Relief Act of 2024. To amend title 31, United States Code, to require FinCEN to submit to Congress a quarterly report on certain beneficial ownership data. H.R.2590/S.4493 Unlocking Capital for Small Businesses Act of 2024. To amend the Securities Exchange Act of 1934 to create a safe harbor for finders and private placement brokers, and for other purposes. H.R.4764 Coordinated Support for Rural Small Businesses Act. To amend the Small Business Act to enhance the Office of Rural Affairs, and for other purposes. H.R.8132 Balancing Incentives Act of 2024. To amend title 35, United States Code, require a patent owner to consent to the filing of a petition for inter partes review or post-grant review, and for other purposes. H.R.8134 Restoring Americas Leadership in Innovation Act of 2024. To promote the leadership of the United States in global innovation by establishing a robust patent system that restores and protects the right of inventors to own and enforce private property rights in inventions and discoveries, and for other purposes. H.R.8147/S.4297 Repealing Big Brother Overreach Act. To repeal the Corporate Transparency Act. H.R.9278 To amend section 5336 of title 31, United States Code, to provide existing small businesses with an additional year to file beneficial ownership information, and for other purposes. H.R.8033 Regulatory Transparency for Small Businesses Act. To amend title 5, United States Code, to clarify the information required to be included in a certification by an agency that a rule will not have a significant economic impact on a substantial number of small entities. H.R.9031 Assurance for Small Business Act of 2024. To require Federal agency heads to submit a report on the implementation of the Regulatory Flexibility Act, and for other purposes. H.R.9032 Enhanced Regulatory Flexibility Assessment Act. To amend chapter 6 of title 5, United States Code (commonly known as the Regulatory Flexibility Act), to ensure complete analysis of potential impacts on small entities of rules, and for other purposes. H.R.9030 Regulatory Agenda Clarity Act. To amend chapter 6 of title 5, United States Code (commonly known as the Regulatory Flexibility Act), to ensure complete disclosure of an agencys annual regulatory agenda. H.R.9085 Regulatory Review Improvement Act of 2024. To amend title 5, United States Code, to make certain modifications to how agencies conduct periodic reviews of agency rules, and for other purposes. H.R.9033 Let American Businesses be On Record Act of 2024. To amend title 5, United States Code, to apply regulatory flexibility analysis requirements for the Department of Labor. S.5063 Helping Small Businesses To Hedge Risk and Insure against Volatile Expenses Act. To require the Administrator of the Small Business Administration to establish a program to allow small business concerns to purchase certain commodities futures, and for other purposes. H.R.8639/S.4260 Warehouse Worker Protection Act. To establish protections for warehouse workers, and for other purposes. In addition to contacts associated with the legislation described above: Implementation of the Corporate Transparency Act Small business tax relief Small Business Administration staffing Small Business Administration lending requirements and rules Consumer Financial Protection Bureau lending requirements Federal regulatory reform Federal privacy issues State privacy issues Independent contractor rules Joint employer rules Overtime/White-Collar Exemption rules Noncompete provisions Government funding and shutdown concerns Healthcare and paid leave issues White House Conference on Small Business Yellow Pages Test and government competition with the private sector Commodities markets and small business commodity risks Adherence to and improvement of the Regulatory Flexibility Act (RFA) Adherence to and improvement of the Small Business Regulatory Enforcement Fairness Act (SBREFA) Reauthorization of the Workforce Innovation and Opportunity Act (WIOA) Artificial Intelligence Implementation & Impacts Reducing Monopolistic Business Practices Preparation for the National Defense Authorization Act (NDAA) for Fiscal Year 2025 Preparation for Tax Cuts and Jobs Act provision expirations in 2025 Export and import concerns for small companies Streamlining federal resources and support for access to international markets Accessibility of Federal Awards for small businesses Supply chain stability

General issues related to multiple areas of the tax law and code including: Legislative proposals on tax simplification and technical tax changes; Beneficial ownership information reporting issues, including the Protecting Small Business Information Act of 2023 (H.R. 4035 / S. 2623).

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General issues related to multiple areas of the tax law and code including: Legislative proposals on tax simplification, tax reform, and technical tax changes; Individual, S corporation, partnership, trust and estate implementation issues in the Tax Cuts and Jobs Act, P.L.115-97, including SALT cap passthrough entity-level taxes; Virtual currency and digital assets reporting, including section 6045 broker basis reporting; Disaster relief, including the Filing Relief for Natural Disasters Act (H.R. 3861 / S. 1815), the Casualty Loss Deduction Restoration Act (H.R. 4539), the Federal Disaster Responsibility Act (H.R. 5343 / S. 2721), and the Disaster Tax Lookback Parity Act of 2024 (H.R. 8007); 529 plan expansion legislation, the Freedom to Invest in Tomorrows Workforce Act (H.R. 1477 / S. 7.22), legislative proposals related to the farmers and fishers tax deadline; Energy tax credits; Excise tax on repurchases of corporate stock; IRS priority guidance plan; E-signature; Tax administration issues, including appeals, first-time abatement penalty relief, electronic filing, regulation of tax return preparers, credit and refund lookback period, mailbox rule for electronic submissions and payments and the Electronic Communications Uniformity Act (S. 1338), IRS user fees, IRS Form 1099-K reporting and the Saving Gig Economy Taxpayers Act (H.R. 190) and the Red Tape Reduction Act (S. 1761), IRS strategic operating plan, contingency plan for possible government shutdown, extension simplification and the Simplify Automatic Filing Extensions (SAFE) Act of 2023 (H.R. 3566), filing flexibility, quarterly estimated payments and the Tax Deadline Simplification Act (H.R. 3708), the Tax Administration Simplification Act (H.R. 8864), and Improving IRS Customer Service Act (S. 5280); Trust and estate issues, including foreign trust reporting, domestic grantor trust reporting, generation-skipping transfer taxes, purpose trusts, and section 645; Mobile workforce and state income tax simplification issues; State remote sales tax issues; Methods and periods issues, including section 174 research and experimentation expensing and the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) the American Innovation and Jobs Act (S. 866) and the American Innovation and R&D Competitiveness Act of 2023 (H.R. 2673) and other expired and expiring provisions, section 473 relief including the Supply Chain Disruptions Relief Act (H.R. 700 / S. 443), credit for increasing research activities, and automatic changes in methods of accounting, including change to required section 174 method; Corporate taxation issues, including the corporate alternative minimum tax (CAMT) and the Book Minimum Tax Repeal Act (H.R. 3210 / S. 1559) and legislative proposals related to CAMT simplification; Partnership taxation issues, including the centralized partnership audit regime, basis-shifting transactions; S corporation taxation issues, including inadvertent terminations, F reorganizations; Employee benefits tax issues, including implementation of and technical corrections to SECURE 2.0, remote work environment, the employee retention credit and the Employee Retention Tax Credit Repeal Act (S. 5079), and executive compensation; Exempt organization issues, including donor-advised funds, Form 990 series; International Code of Ethics for Professional Accountants (IESBA) rules on tax planning and related services; International tax issues, including dual residents reporting, income and currency gain or loss, report of foreign bank and financial accounts reporting extensions for disasters, and OECD Pillar One and Pillar Two issues; Individual tax issues, including section 461(l) excess business losses of noncorporate taxpayers; Taxpayer digital privacy issues; Beneficial ownership information reporting issues, including the Protecting Small Business Information Act of 2023 (H.R. 4035 / S. 2623); Emergency Capital Investment Program, Quarterly Supplemental Reporting; Taxpayer privacy.

Monitor the implementation of the Infrastructure Investment and Jobs Act Monitor and oppose implementation of the Corporate Transparency Act Support the Small Business Information Act of 2023 (H.R. 4035/S. 2623) Oppose the Federal Trade Commission's proposed rule prohibiting non-compete agreements

Client expense: $200,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Council of Economic Advisers (CEA), Energy, Dept of, Environmental Protection Agency (EPA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), President of the U.S., SENATE, Treasury, Dept of, White House Office

General issues related to multiple areas of the tax law and code including: Legislative proposals on tax simplification and technical tax changes; Beneficial ownership information reporting issues, including the Protecting Small Business Information Act of 2023 (H.R. 4035 / S. 2623).

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

31 U.S.C. 5336 - Filed in the 116th Congress as H.R.2513/S.1978 Corporate Transparency Act of 2019. To ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting United States corporations and limited liability companies for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations and limited liability companies, and for other purposes; H.R.20/S.567 Richard L. Trumka Protecting the Right to Organize Act of 2023. To amend the National Labor Relations Act, the Labor Management Relations Act, 1947, and the Labor-Management Reporting and Disclosure Act of 1959, and for other purposes; S.866 American Innovation and Jobs Act. To amend the Internal Revenue Code of 1986 to enhance tax benefits for research activities; H.R.1332 Thirty-Two Hour Workweek Act. To amend the Fair Labor Standards Act of 1938 to reduce the standard workweek from 40 hours per week to 32 hours per week, and for other purposes; H.R.4721/S.1706 Main Street Tax Certainty Act. To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income; H.R.3799 CHOICE Arrangement Act/Association Health Plans Act. To amend the Internal Revenue Code of 1986 to provide for health reimbursement arrangements integrated with individual health insurance coverage; H.R.3938 Build It in America Act. To amend the Internal Revenue Code of 1986 to encourage economic growth; H.R.3937 Small Business Jobs Act. To amend the Internal Revenue Code of 1986 to promote the establishment and growth of small businesses; H.R.3936 Tax Cuts for Working Families Act. To amend the Internal Revenue Code of 1986 to rename the standard deduction the guaranteed deduction, and to add a bonus amount to the guaranteed deduction for taxable years 2024 and 2025; H.R.3881/S.1838 Credit Card Competition Act. To amend the Electronic Fund Transfer Act to require the Board of Governors of the Federal Reserve system to prescribe regulations relating to network competition in credit card transactions, and for other purposes; H.R. 4035/S.2623 Protecting Small Business Information Act of 2023. To require the Secretary of the Treasury to harmonize the effective dates of all rules required under the Corporate Transparency Act, and for other purposes; S.1411 Prove It Act of 2023. To amend title 5, United States Code, to require greater transparency for Federal regulatory decisions that impact small businesses, and for other purposes; H.R.7198 Prove It Act of 2024. To amend title 5, United States Code, to require greater transparency for Federal regulatory decisions that impact small businesses, and for other purposes; S.1896 SCORE Act of 2023. To reauthorize the SCORE program, and for other purposes. H.R.2744 Freedom from Government Competition Act of 2023. To require that the Federal Government procure from the private sector the goods and services necessary for the operations and management of certain Government agencies, and for other purposes. H.R.4666 To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID-19 loans. H.R.4667 Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds (RECLAIM Taxpayer Funds) Act. To require the Administrator of the Small Business Administration to issue guidance and rules for lenders and the Small Business Administration on handling amounts of Paycheck Protection Loans returned by borrowers, and for other purposes. H.R.4668 Providing Opportunities to Show Transparency via Information Technology (POST IT) Act of 2023. To amend the Small Business Act to require the Small Business and Agriculture Regulatory Enforcement Ombudsman to publish guidance documents for certain rules, and for other purposes. H.R.4670 Small Business Contracting Transparency Act of 2023. To amend the Small Business Act to require reporting on additional information with respect to small business concerns owned and controlled by women, qualified HUBZone small business concerns, and small business concerns owned and controlled by veterans, and for other purposes. H.R.5427 To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes. H.R.4480 Successful Entrepreneurship for Reservists and Veterans (SERV) Act. To require the Administrator of the Small Business Administration to report on the veterans interagency task force, to require the Comptroller General of the United States to report on access to credit for small business concerns owned and controlled by covered individuals, and for other purposes. S.3528 Supporting Disabled Entrepreneurs Act. To amend the Small Business Act to establish the position of Coordinator for Disabled Small Business Concerns within the Office of Diversity, Inclusion and Civil Rights of the Small Business Administration, and for other purposes. H.R.5119/S.3625 Protect Small Businesses and Prevent Illicit Financial Activity Act of 2024. To amend title 31, United States Code, to provide small businesses with additional time to file beneficial ownership information, and for other purposes. H.R.7024 Tax Relief for American Families and Workers Act of 2024. To make improvements to the child tax credit, to provide tax incentives to promote economic growth, to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, to provide tax relief with respect to certain Federal disasters, to make improvements to the low-income housing tax credit, and for other purposes. H.R.7668 ADA 30 Days to Comply Act. To amend the Americans with Disabilities Act of 1990 to provide for a remediation period before the commencement of a civil action. H.R.7473 Funding Small Businesses During Shutdown Act. To ensure continued appropriations for certain Small Business Administration programs during a Government shutdown in fiscal year 2024, and for other purposes. H.R.7963 Small Business Red Tape Relief Act of 2024. To amend title 31, United States Code, to require FinCEN to submit to Congress a quarterly report on certain beneficial ownership data. In addition to contacts associated with the legislation described above: Implementation of the Corporate Transparency Act Small business tax relief Small Business Administration staffing Small Business Administration lending requirements and rules Consumer Financial Protection Bureau lending requirements Federal regulatory reform Federal privacy issues State privacy issues Independent contractor rules Joint employer rules Overtime/White-Collar Exemption rules Noncompete provisions Government funding and shutdown concerns Healthcare and paid leave issues White House Conference on Small Business Yellow Pages Test and government competition with the private sector Commodities markets and small business commodity risks Adherence to and improvement of the Regulatory Flexibility Act (RFA) Adherence to and improvement of the Small Business Regulatory Enforcement Fairness Act (SBREFA) Reauthorization of the Workforce Innovation and Opportunity Act (WIOA) Artificial Intelligence Implementation & Impacts Reducing Monopolistic Business Practices Preparation for the National Defense Authorization Act (NDAA) for Fiscal Year 2025

Corporate Transparency Act. Issues to help detect and report suspicious activity related to money laundering and terrorist finance, to facilitate tracking money that has been sourced through criminal or terrorist activity, and to safeguard national security and the U.S. financial system H.R. 4035/S. 2623 and H.R. 5119.

Client expense: $30,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

Implementation of the Inflation Reduction Act (Public Law 117-169), provisions affecting wind, solar, energy storage, carbon capture, and other carbon reduction incentives. H.R 7024, Tax Relief for American Families and Workers Act of 2024, provisions affecting energy projects. S. 1706, Main Street Tax Certainty Act of 2023, all provisions. S. 1117, H.R. 2406, ALIGN Act, all provisions. H.R. 4035, S. 2623, Protecting Small Business Information Act of 2023, all provisions. H.R. 5119, S. 3625, Protect Small Business and Prevent Illicit Financial Activity Act, all provisions. H.R. 8619, S Corporation Modernization Act of 2024, all provisions. H.R. 8147, S. 4297, Repealing Big Brother Overreach Act, all provisions.

Client expense: Not reported · Firm income: $60,000

General issues related to multiple areas of the tax law and code including: Legislative proposals on tax simplification, tax reform, and technical tax changes; Individual, S corporation, partnership, trust and estate implementation issues in the Tax Cuts and Jobs Act, P.L.115-97, including SALT cap passthrough entity-level taxes; Virtual currency and digital assets reporting, including section 6045 broker basis reporting; Disaster relief, including the Filing Relief for Natural Disasters Act (H.R. 3861 / S. 1815), the Casualty Loss Deduction Restoration Act (H.R. 4539), the Federal Disaster Responsibility Act (H.R. 5343 / S. 2721), and the Disaster Tax Lookback Parity Act of 2024 (H.R. 8007); 529 plan expansion legislation, the Freedom to Invest in Tomorrows Workforce Act (H.R. 1477 / S. 7.22); Energy tax credits; Excise tax on repurchases of corporate stock; IRS priority guidance plan; E-signature; Tax administration issues, including appeals, first-time abatement penalty relief, electronic filing, regulation of tax return preparers, credit and refund lookback period, mailbox rule for electronic submissions and payments and the Electronic Communications Uniformity Act (S. 1338), IRS user fees, IRS Form 1099-K reporting and the Saving Gig Economy Taxpayers Act (H.R. 190) and the Red Tape Reduction Act (S. 1761), IRS strategic operating plan, contingency plan for possible government shutdown, extension simplification and the Simplify Automatic Filing Extensions (SAFE) Act of 2023 (H.R. 3566), filing flexibility, quarterly estimated payments and the Tax Deadline Simplification Act (H.R. 3708); Trust and estate issues, including foreign trust reporting, domestic grantor trust reporting, generation-skipping transfer taxes, purpose trusts, and section 645; Mobile workforce and state income tax simplification issues; State remote sales tax issues; Methods and periods issues, including section 174 research and experimentation expensing and the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) the American Innovation and Jobs Act (S. 866) and the American Innovation and R&D Competitiveness Act of 2023 (H.R. 2673) and other expired and expiring provisions, section 473 relief including the Supply Chain Disruptions Relief Act (H.R. 700 / S. 443), credit for increasing research activities, and automatic changes in methods of accounting, including change to required section 174 method; Corporate taxation issues, including the corporate alternative minimum tax and the Book Minimum Tax Repeal Act (H.R. 3210 / S. 1559); Partnership taxation issues, including the centralized partnership audit regime; S corporation taxation issues, including inadvertent terminations, F reorganizations; Employee benefits tax issues, including implementation of and technical corrections to SECURE 2.0, remote work environment, the employee retention credit, and executive compensation; Exempt organization issues, including donor-advised funds, Form 990 series; International Code of Ethics for Professional Accountants (IESBA) rules on tax planning and related services; International tax issues, including dual residents reporting, income and currency gain or loss, report of foreign bank and financial accounts reporting extensions for disasters, and OECD Pillar One and Pillar Two issues; Individual tax issues, including section 461(l) excess business losses of noncorporate taxpayers; Taxpayer digital privacy issues; Beneficial ownership information reporting issues, including the Protecting Small Business Information Act of 2023 (H.R. 4035 / S. 2623); Emergency Capital Investment Program, Quarterly Supplemental Reporting; Taxpayer privacy.

Monitor the implementation of the Infrastructure Investment and Jobs Act Monitor and oppose implementation of the Corporate Transparency Act Support the Small Business Information Act of 2023 (H.R. 4035/S. 2623) Oppose the Federal Trade Commission's proposed rule prohibiting non-compete agreements

Client expense: $200,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Council of Economic Advisers (CEA), Energy, Dept of, Environmental Protection Agency (EPA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), President of the U.S., SENATE, Treasury, Dept of, White House Office

Implementation of the Inflation Reduction Act (Public Law 117-169), provisions affecting wind, solar, energy storage, carbon capture, and other carbon reduction incentives. H.R 7024, Tax Relief for American Families and Workers Act of 2024, provisions affecting energy projects. S. 1706, Main Street Tax Certainty Act of 2023, all provisions. H.R. 3938, Built It In America Act, provisions affecting energy project and partnership taxation. S. 1117, H.R. 2406, ALIGN Act, all provisions. H.R. 4035, S. 2623, Protecting Small Business Information Act of 2023, all provisions. H.R. 5119, S. 3625, Protect Small Business and Prevent Illicit Financial Activity Act, all provisions.

Client expense: Not reported · Firm income: $60,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General issues related to multiple areas of the tax law and code including: Legislative proposals on tax simplification and technical tax changes; Beneficial ownership information reporting issues, including the Protecting Small Business Information Act of 2023 (H.R. 4035 / S. 2623).

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Corporate Transparency Act. Issues to help detect and report suspicious activity related to money laundering and terrorist finance, to facilitate tracking money that has been sourced through criminal or terrorist activity, and to safeguard national security and the U.S. financial system H.R. 4035/S. 2623 and H.R. 5119.

Client expense: $30,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

31 U.S.C. 5336 - Filed in the 116th Congress as H.R.2513/S.1978 Corporate Transparency Act of 2019. To ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting United States corporations and limited liability companies for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations and limited liability companies, and for other purposes; H.R.20/S.567 Richard L. Trumka Protecting the Right to Organize Act of 2023. To amend the National Labor Relations Act, the Labor Management Relations Act, 1947, and the Labor-Management Reporting and Disclosure Act of 1959, and for other purposes; S.866 American Innovation and Jobs Act. To amend the Internal Revenue Code of 1986 to enhance tax benefits for research activities; H.R.1332 Thirty-Two Hour Workweek Act. To amend the Fair Labor Standards Act of 1938 to reduce the standard workweek from 40 hours per week to 32 hours per week, and for other purposes; H.R.4721/S.1706 Main Street Tax Certainty Act. To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income; H.R.3799 CHOICE Arrangement Act/Association Health Plans Act. To amend the Internal Revenue Code of 1986 to provide for health reimbursement arrangements integrated with individual health insurance coverage; H.R.3938 Build It in America Act. To amend the Internal Revenue Code of 1986 to encourage economic growth; H.R.3937 Small Business Jobs Act. To amend the Internal Revenue Code of 1986 to promote the establishment and growth of small businesses; H.R.3936 Tax Cuts for Working Families Act. To amend the Internal Revenue Code of 1986 to rename the standard deduction the guaranteed deduction, and to add a bonus amount to the guaranteed deduction for taxable years 2024 and 2025; H.R.3881/S.1838 Credit Card Competition Act. To amend the Electronic Fund Transfer Act to require the Board of Governors of the Federal Reserve system to prescribe regulations relating to network competition in credit card transactions, and for other purposes; H.R. 4035/S.2623 Protecting Small Business Information Act of 2023. To require the Secretary of the Treasury to harmonize the effective dates of all rules required under the Corporate Transparency Act, and for other purposes; S.1411 Prove It Act of 2023. To amend title 5, United States Code, to require greater transparency for Federal regulatory decisions that impact small businesses, and for other purposes; H.R.7198 Prove It Act of 2024. To amend title 5, United States Code, to require greater transparency for Federal regulatory decisions that impact small businesses, and for other purposes; S.1896 SCORE Act of 2023. To reauthorize the SCORE program, and for other purposes. H.R.2744 Freedom from Government Competition Act of 2023. To require that the Federal Government procure from the private sector the goods and services necessary for the operations and management of certain Government agencies, and for other purposes. H.R.4666 To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID-19 loans. H.R.4667 Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds (RECLAIM Taxpayer Funds) Act. To require the Administrator of the Small Business Administration to issue guidance and rules for lenders and the Small Business Administration on handling amounts of Paycheck Protection Loans returned by borrowers, and for other purposes. H.R.4668 Providing Opportunities to Show Transparency via Information Technology (POST IT) Act of 2023. To amend the Small Business Act to require the Small Business and Agriculture Regulatory Enforcement Ombudsman to publish guidance documents for certain rules, and for other purposes. H.R.4670 Small Business Contracting Transparency Act of 2023. To amend the Small Business Act to require reporting on additional information with respect to small business concerns owned and controlled by women, qualified HUBZone small business concerns, and small business concerns owned and controlled by veterans, and for other purposes. H.R.5427 To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes. H.R.4480 Successful Entrepreneurship for Reservists and Veterans (SERV) Act. To require the Administrator of the Small Business Administration to report on the veterans interagency task force, to require the Comptroller General of the United States to report on access to credit for small business concerns owned and controlled by covered individuals, and for other purposes. S.3528 Supporting Disabled Entrepreneurs Act. To amend the Small Business Act to establish the position of Coordinator for Disabled Small Business Concerns within the Office of Diversity, Inclusion and Civil Rights of the Small Business Administration, and for other purposes. H.R.5119/S.3625 Protect Small Businesses and Prevent Illicit Financial Activity Act of 2024. To amend title 31, United States Code, to provide small businesses with additional time to file beneficial ownership information, and for other purposes. H.R.7024 Tax Relief for American Families and Workers Act of 2024. To make improvements to the child tax credit, to provide tax incentives to promote economic growth, to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States, to provide tax relief with respect to certain Federal disasters, to make improvements to the low-income housing tax credit, and for other purposes. H.R.7668 ADA 30 Days to Comply Act. To amend the Americans with Disabilities Act of 1990 to provide for a remediation period before the commencement of a civil action. H.R.7473 Funding Small Businesses During Shutdown Act. To ensure continued appropriations for certain Small Business Administration programs during a Government shutdown in fiscal year 2024, and for other purposes. H.R.7963 Small Business Red Tape Relief Act of 2024. To amend title 31, United States Code, to require FinCEN to submit to Congress a quarterly report on certain beneficial ownership data. In addition to contacts associated with the legislation described above: Implementation of the Corporate Transparency Act Small business tax relief Small Business Administration staffing Small Business Administration lending requirements and rules Consumer Financial Protection Bureau lending requirements Federal regulatory reform Federal privacy issues State privacy issues Independent contractor rules Joint employer rules Overtime/White-Collar Exemption rules Noncompete provisions Government funding and shutdown concerns Healthcare and paid leave issues White House Conference on Small Business Yellow Pages Test and government competition with the private sector

General issues related to multiple areas of the tax law and code including: Legislative proposals on tax simplification and technical tax changes; Individual, S corporation, partnership, trust and estate implementation issues in the Tax Cuts and Jobs Act, P.L.115-97, including SALT cap passthrough entity-level taxes; Virtual currency and digital assets reporting, including section 6045 broker basis reporting; Disaster relief, including the Filing Relief for Natural Disasters Act (H.R. 3861 / S. 1815), the Casualty Loss Deduction Restoration Act (H.R. 4539), the Federal Disaster Responsibility Act (H.R. 5343 / S. 2721), and the Disaster Tax Lookback Parity Act of 2024; 529 plan expansion legislation, the Freedom to Invest in Tomorrows Workforce Act (H.R. 1477 / S. 7.22); Energy tax credits; Excise tax on repurchases of corporate stock; IRS priority guidance plan; E-signature; Tax administration issues, including appeals, first-time abatement penalty relief, electronic filing, regulation of tax return preparers, credit and refund lookback period, mailbox rule for electronic submissions and payments and the Electronic Communications Uniformity Act (S. 1338), IRS user fees, IRS Form 1099-K reporting and the Saving Gig Economy Taxpayers Act (H.R. 190) and the Red Tape Reduction Act (S. 1761), IRS strategic operating plan, contingency plan for possible government shutdown, extension simplification and the Simplify Automatic Filing Extensions (SAFE) Act of 2023 (H.R. 3566), filing flexibility, quarterly estimated payments and the Tax Deadline Simplification Act (H.R. 3708); Trust and estate issues, including foreign trust reporting, domestic grantor trust reporting, generation-skipping transfer taxes, and section 645; Mobile workforce and state income tax simplification issues; State remote sales tax issues; Methods and periods issues, including section 174 research and experimentation expensing and the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) the American Innovation and Jobs Act (S. 866) and the American Innovation and R&D Competitiveness Act of 2023 (H.R. 2673) and other expired and expiring provisions, section 473 relief including the Supply Chain Disruptions Relief Act (H.R. 700 / S. 443), credit for increasing research activities, and automatic changes in methods of accounting, including change to required section 174 method; Corporate taxation issues, including the corporate alternative minimum tax and the Book Minimum Tax Repeal Act (H.R. 3210 / S. 1559); Partnership taxation issues; S corporation taxation issues, including inadvertent terminations, F reorganizations; Employee benefits tax issues, including implementation of and technical corrections to SECURE 2.0, remote work environment, the employee retention credit, and executive compensation; Exempt organization issues, including donor-advised funds; International Code of Ethics for Professional Accountants (IESBA) rules on tax planning and related services; International tax issues, including dual residents reporting, income and currency gain or loss, report of foreign bank and financial accounts reporting extensions for disasters, and OECD Pillar One and Pillar Two issues; Individual tax issues, including section 461(l) excess business losses of noncorporate taxpayers; Taxpayer digital privacy issues; Beneficial ownership information reporting issues, including the Protecting Small Business Information Act of 2023 (H.R. 4035 / S. 2623); Emergency Capital Investment Program, Quarterly Supplemental Reporting; Taxpayer privacy.

Monitor the implementation of the Infrastructure Investment and Jobs Act Monitor and oppose implementation of the Corporate Transparency Act Support the Small Business Information Act of 2023 (H.R. 4035/S. 2623) Oppose the Federal Trade Commission's proposed rule prohibiting non-compete agreements

Client expense: $200,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Council of Economic Advisers (CEA), Energy, Dept of, Environmental Protection Agency (EPA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), President of the U.S., SENATE, Treasury, Dept of, White House Office

Issues to help detect and report suspicious activity related to money laundering and terrorist finance, to facilitate tracking money that has been sourced through criminal or terrorist activity, and to safeguard national security and the U.S. financial system H.R. 4035/S. 2623 and H.R. 5119.

Client expense: $30,067 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.4035 / S. 2623, the Protecting Small Business Information Act of 2023

Client expense: $330,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General issues related to multiple areas of the tax law and code including: Legislative proposals on tax simplification and technical tax changes; Beneficial ownership information reporting issues, including the Protecting Small Business Information Act of 2023 (H.R. 4035 / S. 2623).

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General issues related to multiple areas of the tax law and code including: Legislative proposals on tax simplification and technical tax changes; Individual, S corporation, partnership, trust and estate implementation issues in the Tax Cuts and Jobs Act, P.L.115-97, including SALT cap passthrough entity-level taxes; Virtual currency and digital assets reporting; Disaster relief, including the Filing Relief for Natural Disasters Act (H.R. 3861 / S. 1815), and the Casualty Loss Deduction Restoration Act (H.R. 4539), and the Federal Disaster Responsibility Act (H.R. 5343 / S. 2721); 529 plan expansion legislation, the Freedom to Invest in Tomorrows Workforce Act (H.R. 1477 / S. 7.22); Energy tax credits; Excise tax on repurchases of corporate stock; IRS priority guidance plan; E-signature; Tax administration issues, including appeals, first-time abatement penalty relief, regulation of tax return preparers, credit and refund lookback period, mailbox rule for electronic submissions and payments and the Electronic Communications Uniformity Act (S. 1338), IRS user fees, IRS Form 1099-K reporting and the Saving Gig Economy Taxpayers Act (H.R. 190) and the Red Tape Reduction Act (S. 1761), IRS strategic operating plan, contingency plan for possible government shutdown, extension simplification and the Simplify Automatic Filing Extensions (SAFE) Act of 2023 (H.R. 3566), filing flexibility, quarterly estimated payments and the Tax Deadline Simplification Act (H.R. 3708); Trust and estate issues, including foreign trust reporting, generation-skipping transfer taxes, and section 645; Mobile workforce and state income tax simplification issues; State remote sales tax issues; Methods and periods issues, including section 174 research and experimentation expensing and the American Innovation and Jobs Act (S. 866) and the American Innovation and R&D Competitiveness Act of 2023 (H.R. 2673) and other expired and expiring provisions, section 473 relief including the Supply Chain Disruptions Relief Act (H.R. 700 / S. 443), credit for increasing research activities, and automatic changes in methods of accounting, including change to required section 174 method; Corporate taxation issues, including the corporate alternative minimum tax and the Book Minimum Tax Repeal Act (H.R. 3210 / S. 1559); Partnership taxation issues; S corporation taxation issues, including inadvertent terminations, F reorganizations; Employee benefits tax issues, including implementation of and technical corrections to SECURE 2.0, remote work environment, and the employee retention credit; Exempt organization issues; International Code of Ethics for Professional Accountants (IESBA) rules on tax planning and related services; International tax issues, including dual residents reporting, and OECD Pillar One issues; Taxpayer digital privacy issues; Beneficial ownership information reporting issues, including the Protecting Small Business Information Act of 2023 (H.R. 4035 / S. 2623); Emergency Capital Investment Program, Quarterly Supplemental Reporting; Taxpayer privacy.

Employee retention tax credit related issues, generally IRS backlogs and processing related issues S.1761, Red Tape Reduction Act of 2023, 1099K reporting requirement related issues H.R.4035/S.2623, Protecting Small Business Information Act of 2023, Beneficial Ownership Reporting Requirements related issues

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Asked PA House and Senate Members to support and co-sponsor S.1237/H.R.1250, the Family Farm and Small Business Exemption Act by Senator Joni Ernst (R-IA) and Jon Tester (D-MT) and Representatives Tracey Mann (R-KS) and Jimmy Panetta (D-CA). The bill would restore the exemptions family farm and small business assets from the FAFSA calculation process in higher education. Asked PA House Members to support S.2623/H.R.4035, the Protecting Small Business Information Act by Senators Mike Rounds (R-SD) and Thomas Tillis (R-NC) and Representatives Patrick McHenry (R-NC) and Deborah Ross (D-NC). This bill would delay the Corporate Transparency Acts January 1, 2024, effective date.

Client expense: $20,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Implementation of the Inflation Reduction Act (Public Law 117-58), provisions affecting wind, solar, energy storage, carbon capture, and other carbon reduction incentives. H.R. 976, TCJA Permanency Act, provisions affecting partnership tax. H.R. 4721, S. 1706, Main Street Tax Certainty Act of 2023, all provisions. H.R. 3938, Build It In America Act, provisions affecting energy project and partnership taxation. S. 1117, H.R. 2406, ALIGN Act, all provisions. H.R. 4035, S. 2623, Protecting Small Business Information Act of 2023, all provisions. H.R. 5119, Protect Small Business and Prevent Illicit Financial Activity Act, all provisions.

Client expense: Not reported · Firm income: $60,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

31 U.S.C. 5336 - Filed in the 116th Congress as H.R.2513/S.1978 Corporate Transparency Act of 2019. To ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting United States corporations and limited liability companies for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations and limited liability companies, and for other purposes; H.R.20/S.567 Richard L. Trumka Protecting the Right to Organize Act of 2023. To amend the National Labor Relations Act, the Labor Management Relations Act, 1947, and the Labor-Management Reporting and Disclosure Act of 1959, and for other purposes; S.866 American Innovation and Jobs Act. To amend the Internal Revenue Code of 1986 to enhance tax benefits for research activities; H.R.1332 Thirty-Two Hour Workweek Act. To amend the Fair Labor Standards Act of 1938 to reduce the standard workweek from 40 hours per week to 32 hours per week, and for other purposes; H.R.4721/S.1706 Main Street Tax Certainty Act. To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income; H.R.3799 CHOICE Arrangement Act/Association Health Plans Act. To amend the Internal Revenue Code of 1986 to provide for health reimbursement arrangements integrated with individual health insurance coverage; H.R.3938 Build It in America Act. To amend the Internal Revenue Code of 1986 to encourage economic growth; H.R.3937 Small Business Jobs Act. To amend the Internal Revenue Code of 1986 to promote the establishment and growth of small businesses; H.R.3936 Tax Cuts for Working Families Act. To amend the Internal Revenue Code of 1986 to rename the standard deduction the guaranteed deduction, and to add a bonus amount to the guaranteed deduction for taxable years 2024 and 2025; H.R.3881/S.1838 Credit Card Competition Act. To amend the Electronic Fund Transfer Act to require the Board of Governors of the Federal Reserve system to prescribe regulations relating to network competition in credit card transactions, and for other purposes; H.R. 4035/S.2623 Protecting Small Business Information Act of 2023. To require the Secretary of the Treasury to harmonize the effective dates of all rules required under the Corporate Transparency Act, and for other purposes; S.1411 Prove It Act of 2023. To amend title 5, United States Code, to require greater transparency for Federal regulatory decisions that impact small businesses, and for other purposes; S.1896 SCORE Act of 2023. To reauthorize the SCORE program, and for other purposes. H.R.2744 Freedom from Government Competition Act of 2023. To require that the Federal Government procure from the private sector the goods and services necessary for the operations and management of certain Government agencies, and for other purposes. H.R.4666 To require the Inspector General of the Small Business Administration to submit a quarterly report on fraud relating to certain COVID-19 loans. H.R.4667 Returning Erroneous COVID Loans Addressing Illegal and Misappropriated Taxpayer Funds (RECLAIM Taxpayer Funds) Act. To require the Administrator of the Small Business Administration to issue guidance and rules for lenders and the Small Business Administration on handling amounts of Paycheck Protection Loans returned by borrowers, and for other purposes. H.R.4668 Providing Opportunities to Show Transparency via Information Technology (POST IT) Act of 2023. To amend the Small Business Act to require the Small Business and Agriculture Regulatory Enforcement Ombudsman to publish guidance documents for certain rules, and for other purposes. H.R.4670 Small Business Contracting Transparency Act of 2023. To amend the Small Business Act to require reporting on additional information with respect to small business concerns owned and controlled by women, qualified HUBZone small business concerns, and small business concerns owned and controlled by veterans, and for other purposes. H.R.5427 To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes. H.R.4480 Successful Entrepreneurship for Reservists and Veterans (SERV) Act. To require the Administrator of the Small Business Administration to report on the veterans interagency task force, to require the Comptroller General of the United States to report on access to credit for small business concerns owned and controlled by covered individuals, and for other purposes. In addition to contacts associated with the legislation described above: Small business tax relief Small Business Administration staffing Small Business Administration lending requirements and rules Consumer Financial Protection Bureau lending requirements Federal regulatory reform Federal privacy issues State privacy issues Independent contractor rules Joint employer rules Overtime/White-Collar Exemption rules Noncompete provisions Government funding and shutdown concerns Healthcare and paid leave issues White House Conference on Small Business Yellow Pages Test and government competition with the private sector

Monitor the implementation of the Infrastructure Investment and Jobs Act Monitor and oppose implementation of the Corporate Transparency Act Support the Small Business Information Act of 2023 (H.R. 4035/S. 2623) Oppose the Federal Trade Commission's proposed rule prohibiting non-compete agreements

Client expense: $200,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Council of Economic Advisers (CEA), Energy, Dept of, Environmental Protection Agency (EPA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), President of the U.S., SENATE, Treasury, Dept of, White House Office

General issues related to multiple areas of the tax law and code including: Legislative proposals on tax simplification and technical tax changes; Beneficial ownership information reporting issues, including the Protecting Small Business Information Act of 2023 (H.R. 4035 / S. 2623).

Client expense: Not reported · Firm income: $40,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

31 U.S.C. 5336 - Filed in the 116th Congress as H.R.2513/S.1978 Corporate Transparency Act of 2019. To ensure that persons who form corporations or limited liability companies in the United States disclose the beneficial owners of those corporations or limited liability companies, in order to prevent wrongdoers from exploiting United States corporations and limited liability companies for criminal gain, to assist law enforcement in detecting, preventing, and punishing terrorism, money laundering, and other misconduct involving United States corporations and limited liability companies, and for other purposes; H.R.20/S.567 Richard L. Trumka Protecting the Right to Organize Act of 2023. To amend the National Labor Relations Act, the Labor Management Relations Act, 1947, and the Labor-Management Reporting and Disclosure Act of 1959, and for other purposes; S.866 American Innovation and Jobs Act. To amend the Internal Revenue Code of 1986 to enhance tax benefits for research activities; H.R.1332 Thirty-Two Hour Workweek Act. To amend the Fair Labor Standards Act of 1938 to reduce the standard workweek from 40 hours per week to 32 hours per week, and for other purposes; H.R.4721/S.1706 Main Street Tax Certainty Act. To amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income; H.R.3799 CHOICE Arrangement Act/Association Health Plans Act. To amend the Internal Revenue Code of 1986 to provide for health reimbursement arrangements integrated with individual health insurance coverage; H.R.3938 Build It in America Act. To amend the Internal Revenue Code of 1986 to encourage economic growth; H.R.3937 Small Business Jobs Act. To amend the Internal Revenue Code of 1986 to promote the establishment and growth of small businesses; H.R.3936 Tax Cuts for Working Families Act. To amend the Internal Revenue Code of 1986 to rename the standard deduction the guaranteed deduction, and to add a bonus amount to the guaranteed deduction for taxable years 2024 and 2025; H.R.3881/S.1838 Credit Card Competition Act. To amend the Electronic Fund Transfer Act to require the Board of Governors of the Federal Reserve system to prescribe regulations relating to network competition in credit card transactions, and for other purposes; H.R. 4035/S.2623 Protecting Small Business Information Act of 2023. To require the Secretary of the Treasury to harmonize the effective dates of all rules required under the Corporate Transparency Act, and for other purposes; S.1411 Prove It Act of 2023. To amend title 5, United States Code, to require greater transparency for Federal regulatory decisions that impact small businesses, and for other purposes; S.1896 SCORE Act of 2023. To reauthorize the SCORE program, and for other purposes. In addition to contacts associated with the legislation described above: Small business tax relief Small Business Administration staffing Small Business Administration lending requirements and rules Consumer Financial Protection Bureau lending requirements Federal regulatory reform Federal privacy issues State privacy issues Independent contractor rules Joint employer rules Noncompete provisions Government funding and shutdown concerns

Issues to help detect and report suspicious activity related to money laundering and terrorist finance, to facilitate tracking money that has been sourced through criminal or terrorist activity, and to safeguard national security and the U.S. financial system H.R. 4035/S. 2623 and H.R. 5119.

Client expense: $30,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

General issues related to multiple areas of the tax law and code including: Legislative proposals on tax simplification and technical tax changes; Individual, S corporation, partnership, trust and estate implementation issues in the Tax Cuts and Jobs Act, P.L.115-97, including SALT cap passthrough entity-level taxes; Virtual currency and digital assets reporting; Disaster relief, including the Filing Relief for Natural Disasters Act (H.R. 3861 / S. 1815), and the Casualty Loss Deduction Restoration Act (H.R. 4539); 529 plan expansion legislation, the Freedom to Invest in Tomorrows Workforce Act (H.R. 1477 / S. 7.22); Energy tax credits; Excise tax on repurchases of corporate stock; IRS priority guidance plan; E-signature; Tax administration issues, including appeals, first-time abatement penalty relief, regulation of tax return preparers, credit and refund lookback period, mailbox rule for electronic submissions and payments and the Electronic Communications Uniformity Act (S. 1338), IRS user fees, IRS Form 1099-K reporting and the Saving Gig Economy Taxpayers Act (H.R. 190) and the Red Tape Reduction Act (S. 1761), IRS strategic operating plan, contingency plan for possible government shutdown, extension simplification and the Simplify Automatic Filing Extensions (SAFE) Act of 2023 (H.R. 3566), filing flexibility, quarterly estimated payments and the Tax Deadline Simplification Act (H.R. 3708); Trust and estate issues, including foreign trust reporting, generation-skipping transfer taxes, and section 645; Mobile workforce and state income tax simplification issues; State remote sales tax issues; Methods and periods issues, including section 174 research and experimentation expensing and the American Innovation and Jobs Act (S. 866) and the American Innovation and R&D Competitiveness Act of 2023 (H.R. 2673) and other expired and expiring provisions, section 473 relief including the Supply Chain Disruptions Relief Act (H.R. 700 / S. 443), and automatic changes in methods of accounting, including change to required section 174 method; Corporate taxation issues, including the corporate alternative minimum tax and the Book Minimum Tax Repeal Act (H.R. 3210 / S. 1559); Partnership taxation issues; S corporation taxation issues, including inadvertent terminations, F reorganizations; Employee benefits tax issues, including implementation of and technical corrections to SECURE 2.0, remote work environment, and the employee retention credit; Exempt organization issues; International Code of Ethics for Professional Accountants (IESBA) rules on tax planning and related services; International tax issues, including dual residents reporting; Taxpayer digital privacy issues; Beneficial ownership information reporting issues, including the Protecting Small Business Information Act of 2023 (H.R. 4035 / S. 2623); Emergency Capital Investment Program, Quarterly Supplemental Reporting; Taxpayer privacy.

Employee retention tax credit related issues, generally IRS backlogs and processing related issues S.1761, Red Tape Reduction Act of 2023, 1099K reporting requirement related issues H.R.4035/S.2623, Protecting Small Business Information Act of 2023, Beneficial Ownership Reporting Requirements related issues

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R.4035 / S. 2623, the Protecting Small Business Information Act of 2023

Client expense: $360,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE