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...CLA Announces Connect LIVE Events for 2023
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...
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...
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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