by Bob Nieman | Jan 11, 2023 | Highlights, Industry News
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...
by Bob Nieman | Jan 11, 2023 | Industry News
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...
by Danielle Bauer | Jan 2, 2023 | Industry News
The Coin Laundry Association has scheduled 10 Connect LIVE events in select locations for 2023. The main purpose of the events is to provide opportunities for laundry owners to network and share ideas over dinner at a local restaurant. The events scheduled for the...
by Bob Nieman | Jan 2, 2023 | Industry News
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...
by Bob Nieman | Dec 30, 2022 | Highlights, Industry News
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:...
by Bob Nieman | Dec 29, 2022 | Highlights, Industry News
More than 50 people representing nine nationalities recently participated in a free, eight-week virtual financial education session, which was led by Qualitas of Life, a nonprofit organization dedicated to improving Hispanic family financial security. On December 10,...