The Regulatory Flexibility Act of 1980 was supposed to protect small businesses from burdensome regulations; it has failed. The newly proposed law would require more analysis of proposed regulations and give greater opportunity for small business input (more than what can be done under current law). In effect, small businesses want to know “what’s it going to cost me?” before any federal regulations are finalized.
Important Announcement: The new, FREE supplements to J.K. Lasser’s Small Business Taxes 2015 and 1001 Deductions and Tax Breaks are available — find them on my website here and here.
