Episode 25: In this episode of the Bellarmine on Business Podcast, host Jim Ray discusses the implications of the new tax bill, HR 1, with guests Alisha Harper, and John and Alyssa Ackerman from Ackerman CPAs. The conversation covers the potential expiration of the Tax Cuts and Jobs Act (TCJA), elements of the new HR 1, and the impact on individual taxpayers and small businesses. The guests provide insights into navigating state and local tax deductions, compliance tips, and the importance of having a CPA. They also discuss the political landscape surrounding the tax bill and the future of various tax provisions.
CHAPTERS
00:00 Welcome and Guest Introduction
01:54 Introduction to the Tax Bill Discussion
03:46 Implications for Individual Taxpayers
06:38 Small Business Considerations
08:27 Navigating State and Local Tax Deductions (SALT)
22:13 Compliance and Tax Preparation Tips
25:58 Employer Retention Credit and Other Business Credits
30:11 Political Outlook and Future Provisions
36:38 Final Thoughts and Resources
40:38 Conclusion
To Contact John and Alyssa Ackerman:
Website: www.ACK.cpa
Phone: (502) 883-4070
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