• Episode 87: Small Business Owners Beware: The Potential Impact of the Tax Cuts and Jobs Act Expiration

  • Jul 10 2024
  • Length: 12 mins
  • Podcast

Episode 87: Small Business Owners Beware: The Potential Impact of the Tax Cuts and Jobs Act Expiration  By  cover art

Episode 87: Small Business Owners Beware: The Potential Impact of the Tax Cuts and Jobs Act Expiration

  • Summary

  • In this episode of the 9innings Podcast, host Kevin Thompson, founder and CEO of 9iCapital Group, delves into the expiration of the Tax Cuts and Jobs Act (TCJA) and its ramifications for small business owners. Thompson outlines the key components of the TCJA, including tax rate reductions, the Section 179 deduction, the Qualified Business Income (QBI) deduction, corporate tax rates, and bonus depreciation. He emphasizes the importance of understanding these potential changes, which could take effect in 2026, and provides a detailed analysis to help small business owners navigate the impending tax landscape.

    Overview of the Tax Cuts and Jobs Act (00:02:26)

    Impact of TCJA expiration on small businesses (00:03:34)

    End of the qualified business income deduction (00:06:05)

    Potential changes in corporate tax rate and bonus depreciation (00:08:36)

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