The American Institute of CPAs is asking accountants to reach out to their congressional representatives and protest the proposed elimination of the ability of pass-through entities such as accounting ...

Congress wants to make the pass-through tax deduction permanent, which would cut revenue by at least $700 billion over the next decade. It's a bad idea.

(More than nine out of every 10 small businesses, and about 80 percent of small employers, are pass-throughs, Brabant says.) The TCJA allowed for a pass-through tax deduction as high as 20 percent.

Still, their analysis warns that not all pass-throughs will benefit equally under the new rules. Even with the Senate’s proposed changes, many RIAs may find themselves on the outside looking in.

Attorneys Pass through exemptions on the chopping block By Scott Sowers June 16, 2025, 1:48 p.m. EDT 2 Min Read ...

Eaton is adding [tariff] pass-throughs line by line. We're talking with them to try to understand all the costs. It's actually quite a large number that they're passing through, so it is affecting us.