26 \\ New Tax Law Changes 2025: CPA Advice to Protect Your Small Business
- Author
- Tiffany Phillips - CPA, Small Business Money Mentor, Financial Expert
- Published
- Mon 12 Jun 2023
- Episode Link
- https://smallbusinessfinance.podbean.com/e/26-proposed-tax-law-changes-research-and-development1099s-extra-deductions-and-more/
Big tax changes are coming, and this episode breaks them down in plain English. We cover draft bill HR 3938 and how it impacts research and development credits, bonus depreciation, and energy credits. You’ll learn what the GOP’s proposed tax package means for families, contractors, small businesses, and those using apps like PayPal and Venmo. We also talk about changes to 1099 rules, potential extensions to key tax cuts, and why these moves are designed to spark economic growth. If you own a small business, work with contractors, or just want to understand how these changes could hit your wallet, this episode gives you practical cpa advice and tax strategies to prepare ahead.
Next Steps:
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