Tax Changes Taking Effect in the New Year
On January 1, 38 states enacted noteworthy tax changes, according to a report by the Tax Foundation, an independent tax policy nonprofit organization. Most of these changes represent net tax reductions, which are the result of an unprecedented wave of rate reductions...
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...
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...
Managing Your Fleet, Part 2
A Look at One of the Most Critical Aspects for Successfully Scaling a Pickup-and-Delivery Service [This is the second of a three-part feature article on managing a fleet of laundry delivery vehicles. You can read Part 1 here.] Make no mistake: your delivery vans are...
Six Regulatory Issues to Watch in 2023
Human resources and payroll solutions company Paychex recently unveiled its annual list of the most prominent regulatory issues employers will need to contend with in 2023. Here’s a look at the leading compliance-related topics laundromat owners should keep an eye on:...
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