The New Tax Law: Will Small Businesses Benefit or Not?
As the calendar turns to 2025, the American economic landscape is undergoing a seismic shift with the enactment of the “One Big, Beautiful Bill” (OBBBA) Act. For years, small business owners have operated under the shadow of the looming 2025 sunset of the Tax Cuts and Jobs Act (TCJA). Now, with fresh legislation on the books, the million-dollar question for millions of entrepreneurs is whether these changes will be a catalyst for growth or a burden on the bottom line.
Navigating tax law is rarely straightforward. The OBBBA presents a complex cocktail of permanent extensions, expanded credits, and the elimination of certain green incentives. To determine if your small business stands to benefit, one must look closely at the fine print of deductions, depreciation, and reporting requirements.
The Big Wins: Permanent Deductions and Expensing
Perhaps the most significant victory for small businesses in the new law is the stabilization of … Read more
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