Episode 234
- Marisa Palmieri Shugrue
- Jul 17
- 2 min read
7/17/25
Topic: OBBBA: Operational & Tax Impacts for PMPs
Guests: Dan Gordon & Donnie Shelton
In this episode we discuss:
Our sponsors Coalmarch by Workwave, PestSure & Voice for Pest
PMP Industry Insiders Peer Groups
How the One Big Beautiful Bill Act makes permanent many of the temporary provisions of the 2017 Tax Cuts and Jobs Act (TCJA), including tax brackets
The provision for no taxes on tips and overtime pay and how it may affect both employees and customers
How both tips and overtime are still subject to FICA
Changes to the State and Local Tax (SALT) deduction
A small increase to the Child Tax Credit and a $6,000 senior tax deduction
A 0.5 percent floor for the itemized deduction for charitable contributions
The introduction of tax-advantaged savings accounts for kids known as "Trump Accounts," which can be used to start a business
The 20 percent deduction for qualified business income (QBI) for pass-through entities, which as been made permanent
The restoration of 100 percent bonus depreciation, allowing businesses to immediately write off the full cost of new equipment and machinery
The gift and estate tax exemption being made permanent and increased to $15 million per individual
Predictions about future interest rates and taxes
Resources mentioned:
PCO Bookkeepers & M&A Specialists article: How the One Big Beautiful Bill Act Affects Pest Control Taxes
Notable: "You never know what the tax environment is going to be in the next year or next couple years. ... If there's a good deal, don't assume that good deal is going to be there in two years or five years." —Donnie Shelton
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