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In this episode, I dive into how the proposed tax bill could dramatically benefit business owners through making the 20% pass-through deduction permanent (and increasing it to 23%), restoring 100% bonus depreciation for immediate equipment write-offs, allowing instant R&D expense deductions, and eliminating taxes on tips and overtime pay—major changes that could significantly impact small business cash flow and investment decisions.
By Leanne OzaineIn this episode, I dive into how the proposed tax bill could dramatically benefit business owners through making the 20% pass-through deduction permanent (and increasing it to 23%), restoring 100% bonus depreciation for immediate equipment write-offs, allowing instant R&D expense deductions, and eliminating taxes on tips and overtime pay—major changes that could significantly impact small business cash flow and investment decisions.