Section 179 Deduction Limit Increased for 2023; Bonus Depreciation Amount Decreased
The Section 179 deduction for 2023 is $1,160,000, which is an increase from $1,080,000 in 2022. All U.S. companies can deduct the full purchase price of all qualified equipment purchases, up to the limit of $1,160,000. In addition, the “total equipment purchase” limit...SDA’s Cleaners Showcase Free to CLA Members
The Southwest Drycleaners Association recently announced that conference registration and housing is now open for Cleaners Showcase 2023, which will be held April 28-30 in Irving, Texas. Registration is free for Coin Laundry Association members, while non-members are...
Managing Your Fleet, Part 3
A Look at One of the Most Critical Aspects for Successfully Scaling a Pickup-and-Delivery Service [This is the third of a three-part feature article on managing a fleet of laundry delivery vehicles. Here are links to Part 1 and Part 2.] One of the main elements in the...
SBA Adjusts Disaster Loan Program
The U.S. Small Business Administration has announced it will waive the interest rate for the first year on new disaster loans and extend the initial payment deferment period automatically to 12 months. “We must ensure that communities struck by disaster have the help...
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Discover tips, tools, and a checklist to upgrade your laundromat’s customer service and create a standout experience.