American Hotel & Lodging Association

Universal Social Posts

• 

  Small Business Deduction Permanency

  What does small business deduction permanency mean for hoteliers? 🛎️
  
  For hoteliers who are owners of pass-through businesses – such as sole proprietorships and partnerships – the 20% qualified business income deduction that was set to expire at the end of the year is now permanent.
  
  ➡️ This gives small business hoteliers greater certainty to reinvest in their businesses and employees, and plan for the future.

  Specific Time or Duration

  Get Assets
• 

  Paid Family and Medical Leave Credit Permanency

  What does paid family and medical leave credit permanency mean for hoteliers? 🛎️
  
  With passage of the landmark tax package, the credit is now permanent, and workers are eligible at six months of employment instead of 12 months. This credit is instrumental in giving employers the ability to provide staff with paid leave and help employees achieve work-life balance.

  Specific Time or Duration

  Get Assets
• 

  No Tax on Tips

  What does the 'No Tax on Tips' provision mean for hoteliers? 🛎️
  
  The "No Tax on Tips" legislation will be crucial in helping the more than estimated 800,000 hardworking hospitality employees take home more of their pay - from housekeepers to bellhops and valets to food service professionals and spa and salon team members.

  Specific Time or Duration

  Get Assets
• 

  Bonus Depreciation Permanency

  What does bonus depreciation permanency mean for hoteliers? 🛎️
  
  Permanently reinstating 100% bonus depreciation allows hoteliers to deduct eligible assets – like furniture, software, and other property upgrades – the year in which they are put into service.
  
  ➡️ This gives hoteliers tax certainty that allows them to reinvest in their properties and stay competitive for years to come.

  Specific Time or Duration

  Get Assets
• 

  Employer-Provided Child Care Credit Permanency

  What does Employer-Provided Child Care Credit permanency mean for hoteliers? 🛎️
  
  The recently enacted tax package increased the amount an employer may take as a credit from 25-40% of qualified child care expenses and increases the total cap from $150,000 to $500,000 (and even as high as $600,000 for eligible small businesses).
  
  ➡️ Employer-provided childcare is an opportunity to improve employee recruitment, retention, and satisfaction. Moreover, this credit provides a large cost reduction for employers that provide childcare.

  Specific Time or Duration

  Get Assets