Season 1 Episode 05:

How the One Big Beautiful Bill Act Affects Businesses

From expanded deductions to reinstated incentives, the One Big Beautiful Bill Act reshapes the tax landscape for U.S. businesses. This episode breaks down the key provisions and highlights the planning opportunities and tradeoffs business owners and advisors should be considering now.

Podcast: Play in new window | Download | Embed

Subscribe: RSS

  Watch on YouTube

In this episode, Chris Klug and Gina Lee break down how the One Big Beautiful Bill Act (OBBBA) introduces significant changes for U.S. businesses. From expanded business tax deductions to updated compliance rules, they discuss what companies need to know to stay ahead. Tune in for insights on business tax planning under the OBBBA.

This episode covers:

  • The return of immediate expensing for domestic R&D, including retroactive opportunities for eligible businesses
  • How the Qualified Business Income (QBI) deduction becomes permanent
  • Why 100% bonus depreciation and expanded Section 179 limits create meaningful upfront tax savings

  • Expanded benefits under Qualified Small Business Stock (QSBS) and how they factor into entity choice and exit planning

  • Key changes to information reporting thresholds, reducing compliance burdens for smaller transactions

  • The extension and enhancement of Qualified Opportunity Zones, including new benefits for rural investments

Host: Chris Klug

Chris is a trusted attorney with extensive experience in taxation, corporate planning, mergers and acquisitions, and estate planning. He guides clients through complex tax matters to deliver practical solutions.

Host: Gina Lee

Gina Lee is your trusted guide for U.S. tax law, corporate compliance, and estate planning, providing personalized, strategic counsel to help achieve your financial and personal goals with confidence.

If this episode resonates with what you’re working through, contact info@basswoodcounsel.com. We’ll help you bring clarity to the key decisions, risks, and priorities, with the right support across our complementary practice areas.

Share:

More Podcasts

S2 Episode 1: What Really Happens in an M&A Deal?

From first contact to post-closing integration, M&A transactions demand structure, foresight, and resilience. In this episode, we explain how understanding the process helps owners navigate risk, timing, and negotiation more

Send Us A Message

Scroll to Top