November 3, 2017Reading Time: 2 minutes
Prevent Architecture Firms From Paying Higher Taxes
Congressional leaders have unveiled a plan to rewrite our nation’s tax code, but thousands of architecture firms could be excluded from lower tax rates. We need to tell Congress – right now – that such a move is unacceptable.
This particular provision would prevent architecture and other professional service companies that organize as pass-through entities from paying a new 25% tax rate, forcing them to pay higher individual rates. Nearly three in five architecture firms organize this way, and an increase in taxes will prevent them from hiring new staff, investing in new software, and ultimately serving their communities.
We need you to let Congress know that architecture firms are crucial to the economic health and well-being of the country and need to be treated fairly in tax reform. Contact your legislators today and tell them to give architects access to the same small business rates as other industries.
Please sign-up for LAN, if you have not registered before. It will activate “Take Action” link to you congressmen.
Ben P. Lee, AIA NJ President
By Stacey Ruhle Kliesch, AIA, AIA NJ Advocacy Consultant | Posted in Historic Resources, Legislative & Government Affairs, NJ Architect Newsletter, Practice Management, Small Firms, Uncategorized | | Comments (0)
Architects are creative professionals, educated, trained, and experienced in the art and science of building design, and licensed to practice architecture. Their designs respond to client needs, wants and vision, protect public safety, provide economic value, are innovative, inspire and contribute positively to the community and the environment.