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The One Big Beautiful Bill (OBBB) introduced several powerful opportunities for business owners—but like most tax legislation, the real value isn’t in knowing it exists. The value is in how and when you apply it.
What we’re seeing right now is a familiar pattern:
Some business owners will accidentally benefit.
Others will miss these opportunities entirely because no one helped them plan ahead.
From an advisor’s perspective, here are the top five OBBB benefits business owners should be actively reviewing and implementing—not passively hoping their CPA “catches later.”
One of the most impactful elements of OBBB is the return and expansion of bonus depreciation, allowing businesses to expense a significant portion (or all) of qualifying asset purchases upfront.
What this means in practice:
Instead of depreciating these assets over 5–7 years, you may be able to accelerate the deduction into the current year, dramatically reducing taxable income.
Insight:
This is not a “buy something in December” strategy. The timing, usage percentage, and entity structure matter. We’re using this strategically with clients to offset high-income years while preserving long-term profitability.
OBBB reinforces and expands QBI-related deductions, especially for pass-through entities such as:
For many owners, this can mean up to a 20% deduction on qualified business income, assuming the structure and wage thresholds are optimized.
Insight:
QBI is one of the most commonly miscalculated deductions we see. Payroll levels, reasonable compensation, and entity elections directly affect eligibility. This is not a “plug-and-play” deduction—it’s a planning exercise.
OBBB continues to support and expand access to Research & Development credits, and this is where many non-tech businesses miss the mark.
We’re seeing eligibility for:
Insight:
If you’re improving how work gets done—not just inventing new products—you may qualify. These credits can offset income tax and, in some cases, payroll tax. That’s real cash impact.
OBBB includes favorable treatment for certain employer-paid benefits, making it more efficient to:
When structured correctly, this allows business owners to extract value from the business tax-efficiently while strengthening employee retention.
Insight:
We often redesign payroll and benefits not to “spend more,” but to redirect money you’re already paying—just in a smarter way.
Perhaps the biggest hidden benefit of OBBB is this:
The gap between proactive planning and reactive filing just got wider.
Entity structure, income timing, and expense acceleration now have an outsized impact. Two businesses with identical revenue can end up with dramatically different tax outcomes depending on:
Insight:
Tax savings no longer come from “finding deductions.” They come from structuring the business correctly before the year ends.
OBBB is not something you “deal with at tax time.”
It’s something you plan around throughout the year.
At Honest Accounting Group, we don’t just file returns—we operate as an extension of your financial team. That means:
If you’re not sure whether you’re positioned to benefit from OBBB, that uncertainty alone is a signal worth addressing.
The best strategies are the ones implemented early—while you still have options.
