The One Big Beautiful Bill (OBBB) contains numerous tax provisions that could impact small business owners for years to come. While much of the media attention has focused on individual tax breaks, business owners should pay close attention to several key provisions that may create significant tax-saving opportunities.

100% Bonus Depreciation Returns

One of the most notable changes is the return of 100% bonus depreciation. This allows businesses to immediately deduct the full cost of qualifying equipment, furniture, computers, and certain business assets rather than depreciating them over several years.

For business owners planning major purchases, timing may become an important tax-planning strategy.

Qualified Business Income Deduction Remains Available

The Qualified Business Income (QBI) deduction continues to provide substantial tax savings for many owners of S corporations, partnerships, and sole proprietorships.

The deduction may allow eligible business owners to deduct up to 20% of qualified business income, reducing their overall tax burden.

Estate Planning Opportunities

The federal estate and gift tax exemption is scheduled to increase significantly. While many small business owners may not currently be affected by estate taxes, successful business owners should review succession plans and ownership structures.

Tax Planning Is More Important Than Ever

Many of these provisions include income limitations, phaseouts, and complex qualification requirements. Waiting until tax season to discuss these changes may result in missed opportunities.

At TNT Accounting Services, we help service-based business owners proactively plan for taxes rather than simply reacting at filing time.

If you own a business and would like to understand how these changes may impact you, schedule a tax planning consultation today.