The "One Big Beautiful Bill" introduces key tax benefits that can make a real difference to your business’s bottom line.
Here are the top three you need to know:
Businesses can now deduct 100% of qualifying equipment purchases in the year they buy them, instead of spreading deductions over several years. For example, if you purchase $50,000 in equipment, you can write it all off immediately, boosting your cash flow and freeing up capital for growth.
The bill increases the R&D tax credit from 20% to 25% and broadens what qualifies as research—now including activities like software development, process improvements, and even market research. More businesses, not just tech companies, can benefit. Spending $200,000 on development could net your business a $50,000 tax credit.
Businesses like S corporations, partnerships, and LLCs continue to get a 20% deduction on qualified business income (QBI), which isn’t a new benefit—it was originally set to expire after 2025, but the bill now extends it so more owners can keep more of their earnings. reducing taxes for owners. This isn’t a brand new benefit—it was set to expire after 2025, but the bill extends it so more owners can keep more of their earnings. For instance, with $300,000 in QBI, you can deduct $60,000 before taxes.
Plan large equipment purchases for maximum deduction.
Start tracking R&D projects—you might qualify for bigger credits than you think.
Review your business structure with a tax professional to ensure you’re maximizing pass-through deduction benefits.
These tax breaks can save your business thousands each year, but good planning is essential. Take advantage now and consult your tax advisor to see how these benefits fit your specific situation.
