The One Big Beautiful Bill Act (OBBBA) of 2025 introduces major tax law changes that directly affect the way businesses plan, operate, and file their taxes. From small startups to established corporations, every business owner will feel the impact of these updates in some way. Understanding the new rules now is essential to avoid surprises and to position your company for maximum tax savings.
Below, we highlight some of the most significant changes under OBBBA and share practical tax planning tips to help your business stay compliant and financially prepared.
The tax deduction (commonly know as SALT) available to those who itemize their deductions on personal tax returns moves from $10,000 to $40,000 through 2029. The bill also confirms the ability for businesses that are flow-thru entities (businesses that pay their business tax on their personal tax return as a sole proprietor or through a K-1) to pay their tax directly on a state tax return (known as the pass-through entity tax, or PTET). This change now requires some planning.
Tip: You will need to review the impact of this change on your business’s taxable income. The SALT increase may change your decision to pay your business taxes directly to a state that is leveraging the PTET process.
The qualified business deduction (QBI) is made permanent with the current legislation. When you combine this change with no change in the C corporation tax rate of 21%, businesses now have a rare dose of tax certainty.
Tip: With much of the uncertainty in business tax rates now resolved, now might be a good time to review your entity choice.
100% bonus depreciation and expansive amounts for section 179 expensing of capital purchases creates a useful way to control your business’s tax obligation. Remember, though, that these two expensing options only change the timing of the amount you can write off, not the overall total amount you can write off.
On September 18, 2025, Alloy Silverstein Accountants and Advisors will partner with Engineered Tax Services to highlight high-level tax credits and incentives within the One Big Beautiful Bill Act of 2025 that could deliver significant savings for your company. From leveraging existing credits to exploring overlooked opportunities, we’ll help you understand what’s available and how to qualify.
Topics will include maximizing the Research & Development (R&D) Tax Credit, accelerating deductions through Cost Segregation Studies, additional tax planning considerations to optimize your year-round strategy, and more. Register today and get ready to unlock valuable credits, deductions, and savings for your business.
Staying reactive is costly—businesses that plan ahead will stay competitive and compliant. At Alloy Silverstein Accountants and Advisors, our proactive tax experts stay ahead of every tax law change. Partner with an Alloy Silverstein tax advisor to create a tailored business tax strategy that keeps you compliant and maximizes savings.
Contact us today for a tax planning session that sets you up for a better tomorrow.
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