Welcome to the Laundromat Resource Podcast! In this episode, host Jordan Berry dives into the details of the recently passed "One Big Beautiful Bill Act"—a major piece of tax legislation that impacts individuals and business owners alike, especially those in the laundromat industry. Jordan breaks down the practical implications of the bill, highlighting key provisions such as the extension of tax brackets, changes to deductions, permanent incentives for business owners, and new opportunities for tax savings through qualified opportunity zones and bonus depreciation.
With a focus on actionable takeaways, Jordan encourages listeners to consult their tax professionals and leverage these updates to benefit both their personal finances and their laundromat businesses. Whether you're a seasoned owner or just getting started, tune in to learn how you can position yourself for financial success under the new law!
In this episode; Jordan discuss:
00:00 "Trump Signs Tax Bill into Law"
04:36 Tax Exclusions Increase with Inflation
07:15 Opportunity Zone Investment Benefits
12:38 Tax Benefits for Tipped Employees
14:42 "Tax Incentives for Business Owners"
18:33 Clean Energy Tax Credits Ending
20:29 "Laundromat Industry Insights & Updates"
Show Notes
https://laundromatresource.com/show205
Resources
news@laundromatresource.com
jordan@laundromatresource.com
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