No fluff. Just the parts that could impact your next big decision.
Let’s talk about this new tax law that just passed–The One Big Beautiful Bill Act (yes, that’s really what they called it).
If you If you’re running a legit business, not a side hustle–this matters. You’ve got payroll to meet, forecasts to manage, and financial goals that go way beyond just “breaking even.” So here’s what’s actually worth paying attention to in the new bill–and how it could affect your bottom line.
1. Some of the Old Tax Cuts? Now Permanent.
Remember the 2017 tax cuts we’ve been living with? Some of them—like the seven brackets and the bigger standard deduction—are here to stay. That gives us more room to plan long term and finally stop holding our breath waiting for it to change.
2. The 20% Pass-Through Deduction Got a Boost
If you own an S Corp, LLC, or partnership, you’re probably already familiar with QBID (Qualified Business Income Deduction). It used to be 20%—now it’s bumped up to 23%.
Not a huge jump, but at this level, every percentage counts. You just need to make sure you’re structured right to qualify
3. Section 179 Just Got More Generous
Planning to invest in software, equipment, or tech this year? You can now write off up to $1 million in the year you buy it. That’s a big win for scaling businesses that are reinvesting in growth—but you have to do it intentionally. No more buying just to get a write-off. This is where we map out the ROI before you swipe the card.
4. Energy Tax Credits Are on Their Way Out
If you’ve been thinking about solar, EVs, or other clean energy investments, time is ticking. These credits are starting to phase out, and the deadlines are moving up. If you’ve been on the fence, now’s the time to decide—before the window closes.
5. A Few Temporary Perks You Might Want to Know About:
- Tips & Overtime Deductions: There’s a temporary deduction for employees earning tips or OT. If you run a business where that applies, it might be a helpful recruiting tool.
- State & Local Tax Deduction Cap Increased: For high earners in high-tax states, the SALT cap just went up to $40,000. Not game-changing, but helpful in the right situation.
So What Does This Mean for You?
If you’re still making decisions based on “how much is in the bank,” this is your sign to step into a higher level of strategy. These new rules won’t change everything overnight—but they do shift what’s possible (and what’s risky) going forward.
When I work with my enterprise clients, this is what we do:
- Look at your whole financial picture
- Forecast ahead, not just look back
- Build systems that grow with your business
You’ve got the revenue. Now it’s time to make sure your tax strategy actually supports that growth—and that you’re not leaving money on the table just because no one helped you see it.
Want to walk through how this affects you?
Let’s book a time and make a plan.