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...Cents Launches Lending Service
Venture-backed technology company Cents has unveiled a new lending arm – Cents Capital, which was created to facilitate low-interest loans for its customers. This new offering will help laundry owners grow their businesses, whether it be through expanding their...Laundromat Software Startup Raises Pre-Seed Funding
Turns, a vertical SaaS startup for the laundry industry, has raised $500,000 in pre-seed funding, led by Better Capital, along with participation from PointOne Capital and a group of angel investors. Turns provides laundromat owners with an integrated software and...Laundry Owner to Speak at Women’s Conference
Monica Wales, owner of Happy Laundry in Spokane, Wash., will be a featured speaker at the upcoming WE Ignite Conference 2023, a virtual event scheduled for February 9-11. Wales’ interactive session – “From Paycheck to Paycheck to Abundance” – will be held at 1:00 p.m....
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...
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