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Trump’s ‘One Big Beautiful Bill’ Explained: Tax Secrets That Could Save You Millions!

With Saul & Simeon FriedmanEP 233

Everyone’s talking about Trump’s One Big Beautiful Bill, but do you know what’s really inside? More importantly, how could it affect YOUR taxes, YOUR business, and YOUR family’s future starting in 2025?

In this episode of the Let’s Talk Business Podcast, Meny Hoffman sits down with Saul & Simeon Friedman of Saul Friedman & Company, one of the most trusted accounting firms for over 50 years. Together, they break down the most powerful tax changes, hidden credits, and financial strategies that could save you thousands or even millions if you know how to leverage them.

What You’ll Discover in This Episode
👉 The real meaning of Trump’s “One Big Beautiful Bill” and why the name is genius.
👉 Bonus Depreciation (100%) — how businesses can write off major purchases in a single year.
👉 R&D Credits — cash-back incentives for innovation and development.
👉 Trump Accounts for Kids — how a $1,000 government account could grow into $90,000+.
👉 Scholarship Grant Credits — a dollar-for-dollar credit for private school tuition.
👉 Estate tax exemptions and strategies that could save families millions.

Whether you’re a business owner, investor, or parent, this episode is a must-listen if you want to stay ahead of the biggest tax changes in decades.

Transcript

00:00 – Hook: The hidden power of Trump’s One Big Beautiful Bill
01:21 – Let’s Talk Business Podcast Intro
01:34 – Meny Hoffman introduces Saul & Simeon Friedman
04:02 – Why the bill’s branding is a stroke of genius
06:33 – Key tax changes explained
14:16 – Bonus Depreciation: How it saves businesses big money
19:22 – R&D Credits: What most business owners miss
25:34 – Trump Accounts: Future-proof savings for kids
36:40 – Scholarship Grant Credits: Dollar-for-dollar tuition credit
49:27 – Meny Hoffman’s final takeaways

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Practical Pointers
Plan Around Bonus Depreciation. Use the 100% write-off to reduce taxes strategically.
R&D Credits Are Underrated. Most businesses are missing free money they already qualify for.
Start Trump Accounts Early. A small annual investment can compound into massive savings.
Scholarship Credits = Free Tax Reduction. A direct credit, not just a deduction.
Your Books = Your Future. A strong set of financials is your ticket to growth and leverage.
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Guest Bio
Person Image
Saul & Simeon Friedman

Saul Friedman is the founder of Saul Friedman & Company, a highly respected accounting and advisory firm that has been serving businesses and families for over 50 years. Known for his sharp financial insights and hands-on approach, Saul has helped countless entrepreneurs grow, scale, and protect their wealth with smart tax strategies and long-term planning.

Simeon Friedman, Saul’s son and a partner at the firm, brings over 25 years of expertise in accounting, business development, and financial strategy. Simeon specializes in working with the next generation of business owners, helping them navigate complex tax laws, maximize credits, and plan for sustainable growth.

Together, they lead a team of professionals who focus on more than just numbers — they partner with business owners to build strong foundations, prepare for exits, and achieve long-term success.

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