New Tax Bill Explained: Small Business Owners, Don’t Miss This
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New Tax Bill Explained: Small Business Owners, Don’t Miss This
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About this listen
Want to learn more about Grant? | CLICK HERE
https://thegcstrategies.com/
Want to learn more about Tyler? | CLICK HERE
https://www.datcpa.net/
In this episode of the Next Gen Strategies Podcast, Grant Covault and Tyler Davis break down the newly signed “one big beautiful tax bill.” They discuss permanent changes like extended tax rates, higher standard deductions, and the qualified business income deduction, as well as new benefits such as tax-free cash tips, overtime pay exclusions, and increased estate tax exemptions. The episode also covers expanded credits for families, seniors, and charitable giving, plus updates to SALT deductions and 1099 reporting. Listeners gain practical insights on how these sweeping tax reforms impact individuals, business owners, and entrepreneurs.