What It Means for Your Business and Your Bottom Line

On July 4, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. This is the most sweeping federal tax legislation since the 2017 TCJA. From bonus depreciation and R&D expensing to international tax changes and energy credit sunsets, this bill reshapes planning strategies for individuals and businesses alike.

We’ve broken down the highlights in this easy-to-navigate PDF with real-world insights and next steps for maximizing your position before year-end.

What’s Inside:

• Business Provisions: Bonus depreciation, Section 179, and interest deduction changes that could improve cash flow and reduce taxes.
• R&D Expensing: Retroactive relief and planning opportunities that could put money back in your hands, but timing is critical.
• International Tax: Major shifts to GILTI, FDII, and BEAT mean multinational businesses must rethink their structures.
• Individual Tax Planning: Expanded deductions, new credits, and estate tax certainty offer fresh options for families and high earners.
• Real Estate & Construction: Extended Opportunity Zones and expanded accounting methods open up tax deferral opportunities.
• Energy Credits: A tight window for claiming clean energy incentives before key programs phase out — act now or miss out.
• State-Level Impact: Even if you’re focused on federal, state tax bills could shift significantly depending on your location.

What to Do Now:

The law is live, so we’ve outlined what actions to take before year-end to lock in benefits and avoid surprises.

Download the full summary of the One Big Beautiful Bill Act (OBBBA).