Shownotes
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In this episode of the Next Gen Strategies podcast, Tyler Davis and Grant Covault delve into the implications of Trump's tax plan for business owners. Tyler, explains key components like the Qualified Business Income (QBI) deduction, bonus depreciation, and changes to standard deductions and tax rates. Garrett provides context about the political landscape and the broader economic impact. Tyler emphasizes the importance of reliability and quality in business strategy. The discussion highlights the potential financial impact on small businesses and the need for strategic planning to navigate these tax changes effectively.