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Profitable Painter Podcast

Preparing for Tax Changes Ahead with New Administration

January 17, 20251 min read

January 17, 2025

Season 1, Episode 135

Preparing for Tax Changes Ahead with New Administration

Unlock the secrets of navigating 2025's tax landscape with Daniel, the innovative mind behind Bookkeeping for Painters, and Richard, our insightful advising director. As we transition into a new year filled with legislative shifts, get ready to understand the ramifications of the court's back-and-forth decisions on the Corporate Transparency Act and the intriguing fate of Beneficial Ownership Information Reports. With a possible change in administration, Richard and Daniel offer their expert predictions on how these developments could shape the future of both businesses and individuals.

Anticipate the expiration of the Tax Cuts and Jobs Act and its potential impact on tax rates, with a keen look at how political shifts might influence fiscal stability. Our conversation promises to equip you with the foresight needed to navigate these uncertain times, empowering your business and personal financial planning. Prepare to explore how maintaining steady tax rates can foster growth and secure retirement investments, ensuring you're ready for whatever 2026 may bring. Don't miss this chance to stay a step ahead in the dynamic world of tax policy.

Subscribe to the Profitable Painter Podcast

Painting Business OwnersProfitable Painter PodcastBookkeeping For PaintersMasterclassBusiness TipsAccounting & Tax Strategies
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Daniel Honan

Daniel Honan is a former painting business owner and military intelligence officer with an MBA and a degree in Accounting. He's been in your shoes. Everything from cold calling for estimates, in-home consults, managing crews, to running payroll. With his accounting, intel, and painting industry experience, he's put together a back-office system to help painting contractors crush it by helping them know their numbers and what they mean, save big in taxes, and streamline and automate their processes to save time and money.

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Profitable Painter Podcast

Preparing for Tax Changes Ahead with New Administration

January 17, 20251 min read

January 17, 2025

Season 1, Episode 135

Preparing for Tax Changes Ahead with New Administration

Unlock the secrets of navigating 2025's tax landscape with Daniel, the innovative mind behind Bookkeeping for Painters, and Richard, our insightful advising director. As we transition into a new year filled with legislative shifts, get ready to understand the ramifications of the court's back-and-forth decisions on the Corporate Transparency Act and the intriguing fate of Beneficial Ownership Information Reports. With a possible change in administration, Richard and Daniel offer their expert predictions on how these developments could shape the future of both businesses and individuals.

Anticipate the expiration of the Tax Cuts and Jobs Act and its potential impact on tax rates, with a keen look at how political shifts might influence fiscal stability. Our conversation promises to equip you with the foresight needed to navigate these uncertain times, empowering your business and personal financial planning. Prepare to explore how maintaining steady tax rates can foster growth and secure retirement investments, ensuring you're ready for whatever 2026 may bring. Don't miss this chance to stay a step ahead in the dynamic world of tax policy.

Subscribe to the Profitable Painter Podcast

Painting Business OwnersProfitable Painter PodcastBookkeeping For PaintersMasterclassBusiness TipsAccounting & Tax Strategies
blog author image

Daniel Honan

Daniel Honan is a former painting business owner and military intelligence officer with an MBA and a degree in Accounting. He's been in your shoes. Everything from cold calling for estimates, in-home consults, managing crews, to running payroll. With his accounting, intel, and painting industry experience, he's put together a back-office system to help painting contractors crush it by helping them know their numbers and what they mean, save big in taxes, and streamline and automate their processes to save time and money.

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