Season 5 Episode 47
Confused about how the 2025 Tax Bill impacts your business? This episode of THRIVE dives headfirst into real questions from real business owners, breaking down what you need to know about this headline-making legislation. Gene is joined by tax expert Barbara Weltman, founder of Big Ideas for Small Business and author of J.K. Lasser's Small Business Taxes. Together, they tackle the most pressing topics raised during their recent webinar. From changes in bonus depreciation to navigating family leave credits, education assistance plans, and state and local tax (SALT) deductions, Gene and Barbara make the complex simple with advice you can use right away. And don’t worry — you won’t need an accounting degree to follow along. Tune in now and take the stress out of all these changes.
Watch the 2025 Tax Bill webinar, download an FAQ resource, AND enter a contest to win a copy of Barbara's book, J.K. Lasser's Small Business Taxes, here: https://go.paychex.com/taxbill
Have a question for upcoming episodes or a topic you want covered? Let us know: https://payx.me/thrivetopics
Topics include:
00:00 – Episode preview and welcome
02:22 – Overview of the 2025 Tax Bill webinar
03:01 – Advanced manufacturing investment credit
04:26 – Bonus depreciation
07:25 – No taxes on tips and overtime
10:51 – State and local tax (SALT) Changes
14:47 – Employee education benefits
18:22 – Family leave credit
21:54 – S corporation provisions
23:34 – Changes in meal deductions
25:39 – Wrap up and thank you
DISCLAIMER:
The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.
Published on 4 weeks ago
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