WASHINGTON--(Jeffrey A. Porter, vice chair of the American Institute of CPAs’ Tax Executive Committee, will testify on Thursday, Sept. 13, at a hearing titled, Adding to Uncertainty: Small Businesses’ Perspectives on the Tax Cliff, that will be held by the House Small Business Subcommittee on Economic Growth, Tax and Capital Access.)--
Porter will testify that it is important for Congress to reach an agreement as soon as possible about expiring tax provisions because tax uncertainty hinders small businesses and their owners from making informed business and financial decisions. Any further delay will magnify the frustration of many small business owners and adversely impact tax administration.
The hearing is scheduled for 10 a.m. ET in Room 2360 of the Rayburn House Office Building, Independence Avenue and South Capitol Street, S.W., Washington, D.C.
The AICPA’s testimony will be available on Sept. 13 from Shirley Twillman at email@example.com.
About the AICPA
The American Institute of Certified Public Accountants (AICPA) is the world’s largest member association representing the accounting profession, with nearly 386,000 members in 128 countries and a 125-year heritage of serving the public interest. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.
The AICPA sets ethical standards for the profession and U.S. auditing standards for audits of private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination and offers specialty credentials for CPAs who concentrate on personal financial planning; fraud and forensics; business valuation; and information technology. Through a joint venture with the Chartered Institute of Management Accountants (CIMA), it has established the Chartered Global Management Accountant (CGMA) designation to elevate management accounting globally.
The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.
Media representatives are invited to visit the AICPA Press Center at aicpa.org/press.