Why the One Big Beautiful Bill Is Both a Win and a Warning for Business Owners
- Rose Odette
- Sep 24
- 2 min read
Introduction
At this conference, I see business owners struggling to stay awake while experts dig into tax code details. Let’s make it simple. The new One Big Beautiful Bill (OBBB) brings major opportunities for business owners — but also a few caution flags. Here’s what you need to know, in plain English.
5 Good News Wins - One Big Beautiful Bill
Certainty for Small Businesses The 20% deduction for LLCs, S-Corps, and partnerships is now permanent. You can finally plan with confidence.
Bigger Write-Offs for Equipment Buy new machines, trucks, or software? You can expense them right away. More cash flow in your pocket faster.
Tax Relief in High-Tax States The SALT deduction cap jumped from $10,000 to $40,000. If you live in a high-tax state, this is real money saved.
Support for Innovators Research & Development costs can be deducted more generously. Innovation just got more affordable.
Better Benefits for Your Team Family leave and child care credits are stronger and permanent. That helps you attract and keep talent.
5 Caution Flags
SALT Cap Is Temporary That $40,000 cap ends in 2029 unless Congress extends it. Don’t bank on it forever.
IRS Eyes Are Sharper With new funding and AI-powered tools, audits will be tougher. Sloppy records won’t cut it.
Roth Rules Hit High Earners From 2026, high earners making catch-up retirement contributions must use Roth accounts — taxed now, not later.
Debt & Deficit Pressure The U.S. debt load is huge. Future tax hikes or cuts to deductions could be on the horizon.
Not Every Business Wins Some industries got big breaks, others didn’t. Know whether your sector really benefits.
5 Action Steps
Call your CPA – Ask how OBBB changes your tax outlook.
Review your business structure – Make sure your LLC, S-Corp, or C-Corp is still the smartest choice.
Plan big purchases – Time your equipment buys to maximize deductions.
Keep your books spotless – The IRS is watching closer than ever.
Build flexibility – Use “what if” scenarios so you’re ready if rules shift.
High-Tax State Shout-Out
If you’re in California, New York, New Jersey, Connecticut, Massachusetts, Hawaii, Minnesota, Illinois, Oregon, or Vermont, the higher SALT deduction is a gift today. But when it reverts back, the pain returns. Use these years wisely to reinvest, save, and prepare.
Conclusion
The One Big Beautiful Bill is exactly that — big, bold, and full of both opportunity and risk. Smart business owners celebrate the wins while staying ready for what could change. Charge forward, but keep your eyes open.
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