The Build Back Better Act (BBBA) and the proposed amendment to QSBS are threatening the current way small businesses are operating today, and those who invest in these businesses are rightfully concerned. Among these stakeholders are angel investors who fund a large percentage of small businesses through … Read More
In an article penned by tax experts Benjamin M. Willis and Ryan J. Dobens which quickly created a buzz, the authors predict the House’s version of Biden’s Build Back Better Act will not likely make it past the Senate in its current form. Section 138149 of the Build … Read More
With the Build Back Better Act (BBBA) changing the way small businesses are operating and utilizing Qualified Small Business Stock (QSBS) incentives, many stories are being shared describing the reality of what could happen if these proposed amendments are enacted into law. Several members of our coalition have … Read More
Many people believe Biden’s Tax Plan will only affect the wealthiest of America; however, many others will be directly impacted. One of these classes of individuals, that will be affected by the tax plan, is the employees of Startups—America’s backbone of economic innovation. The lawmakers behind this … Read More
The Build Back Better Act (BBBA) and the proposed amendment to QSBS are threatening the way current small businesses are operating today, and those who invest in these businesses are equally concerned. Among them are angel investors who fund a large percentage of small businesses as collective … Read More
We continue to evaluate the impacts to QSBS as Congress works through updating the Build Back Better Act (the "BBBA"). The most recent update released on 11/3/2021 (available here) includes the same QSBS amendment introduced in September, however it alters some of the related tax code provisions involving … Read More
Members of Carta might see a QSBS badge indicator the next time they log into their account. While new features are always exciting, you might be scratching your head and asking yourself -- what does this QSBS tag indicate? The tag is meant to help shareholders identify if … Read More
On October 28, 2021 President Biden laid out his case for a scaled back version of the originally proposed $3.5T Build Back Better Act, reducing the cost to $1.75T. The bill includes various tax reforms to generate the $1.75T needed, including the following: (President Biden Announces the Build Back … Read More
The Looming Concern With Biden’s Build Back Better Amendment (BBBA) looming as a threat to the current way small businesses are operating today, those who invest in these businesses are equally concerned. Among them are angel investors who fund a large percentage of small businesses as collective entities. … Read More
Over the past 30 years, two specific programs have been established to spark economic vitality: First, Qualified Small Business Stock (QSBS) and more recently, Opportunity Zones(OZ). QSBS has incentivized entrepreneurs and investors alike to invest in small businesses. Taxpayers holding eligible stock have been able to recognize up … Read More