Thanks to our partner Promotive

A 900-page monster of a law just dropped—and it’s about to change how you pay taxes, deduct expenses, and run payroll at your repair shop.

This week, Hunt Demerast, CPA at Paar Melis & Associates, breaks down the One Big Beautiful Bill Act (OBBA) and how its sweeping tax reforms affect your shop, your employees, and your personal finances. You’ll hear what stayed the same, what changed unexpectedly, and what you need to keep an eye on before making any big moves.

From bonus depreciation to SALT deduction caps, tips and overtime loopholes to gambling losses—yep, that's in there too—this episode simplifies the complex and sets you up for strategic tax savings.

What You’ll Learn:

00:34 – Why the “Big Beautiful Bill” is no joke

02:24 – What’s not in the bill: no politics, just business

04:45 – Child Tax Credit: what stays the same and why it matters

07:03 – QBI deduction: still 20%, but what it means for your bottom line

09:27 – Bonus Depreciation: the biggest unspoken impact

11:12 – SALT Cap raised to $40k: huge win for high-tax states

16:55 – 3 campaign promises that actually passed

17:10 – No tax on Social Security? Yes…and no

19:34 – Tips & Overtime: $25k income deduction per category

24:08 – Gambling losses capped at 90%: a hidden tax hike?

26:22 – Are meals finally off the table?

28:11 – Trump Accounts: the “non-IRA IRA” for your kids

30:31 – Car loan interest deduction—boon or trap?

33:24 – Qualified Production Property: a sleeper hit for shop owners?

35:45 – What you should (and shouldn’t) do now

Thanks to our partner Promotive

It’s time to hire a superstar for your business; what a grind you have in front of you. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.

Paar Melis and Associates – Accountants Specializing in Automotive Repair

Visit us Online: www.paarmelis.com

Email Hunt: podcast@paarmelis.com

Text Paar Melis @ 301-307-5413

Download a Copy of My Books Here:

• Wrenches to Write-Offs
• Your Perfect Shop 

The Aftermarket Radio Network: https://aftermarketradionetwork.com/

Remarkable Results Radio Podcast with Carm Capriotto https://remarkableresults.biz/

Diagnosing the Aftermarket A to Z with Matt Fanslow https://mattfanslow.captivate.fm/

Business by the Numbers with Hunt Demarest https://huntdemarest.captivate.fm/

The Auto Repair Marketing Podcast with Kim and Brian Walker https://autorepairmarketing.captivate.fm/

The Weekly Blitz with Chris Cotton https://chriscotton.captivate.fm/

Speak Up! Effective Communication with Craig O'Neill https://craigoneill.captivate.fm/