Episode 010 Big Changes, Bigger Deductions: Breaking Down the New Tax Law

The Big Beautiful Bill was signed into law on July 4, 2025, bringing sweeping changes to the tax code — and small business owners are paying attention. In this episode, Crystal Lee, The Groomer's Accountant and founder of Pet Biz Advisors, breaks down the provisions that matter most to grooming and service-based business owners. Key highlights include lower income tax rates for many filers, a significant increase in the standard deduction, and important updates to the Qualified Business Income (QBI) deduction that may allow more small business owners to retain more of their hard-earned revenue. Crystal also discusses additional provisions tucked into the bill that are designed to reduce the tax burden and simplify filings for self-employed professionals. Whether you operate as a sole proprietor, LLC, or S Corp, this episode helps you understand how these changes could affect your 2025 tax planning and why now is the time to revisit your business structure and strategy. If you want to stay informed and ready for tax season, don’t miss this clear and practical breakdown from The Groomer's Accountant. 🌐 Visit Our Website: www.petbizadvisors.com 🎙 Listen on Spotify & Apple Podcasts: Spotify | Apple Podcasts ✔ Follow Us on TikTok - @‌petbizadvisors 📸 Follow Us on Instagram: @‌petbizadvisors Become a Founder in our Online Community Coming 2025 https://www.petbizadvisors.com/community Join the Groom Haus Family! https://thegroomhaus.com/?campaign=youtube&ref=125