Is the GOP Tax Bill Good for Business?
In our latest Dashboard episode, Gene Marks says the bill offers a lot for small businesses to like but comes with a scary price tag.
Good Morning!
Here are today’s highlights:
Don’t miss Jaci Russo’s FREE webinar this Friday on how small businesses are using AI tools.
Bill DAlessandro, who you may know from the Acquisitions Anonymous podcast, has a recommendation for software to handle sales tax in multiple states.
On the Sounding Board: If a company replaces its employees with AI tools, is the company responsible for retraining those employees?
Last week, President Trump doubled his tariffs on steel and aluminum. Could those tariffs be vulnerable in court?
THE 21 HATS PODCAST: DASHBOARD
Is the GOP Tax Bill Good for Business? On one hand, Gene Marks tells us, the GOP tax bill that has passed the House and is being debated in the Senate contains a lot of elements that should cheer business owners. Specifically, the pass-through deduction would get extended and increased, the capital-equipment deduction would go back to being 100-percent deductible in the first year, and the research-and-development deduction would also go back to being fully deductible in the first year. On the other hand, Gene believes the Big Beautiful Bill is going to be a big ugly problem for business owners. But I’ll let him explain.
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