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Small Business Tax Wins (and Letdowns) in the One Big Beautiful Bill

Picture of The Kaizen Team The Kaizen Team · July 15, 2025

business & tax strategy
Small Business Tax Wins (and Letdowns) in the One Big Beautiful Bill
Small Business Tax Wins (and Letdowns) in the One Big Beautiful Bill
1:03
 

Congress finally passed the One Big Beautiful Bill, and while the headlines are focused on tips and overtime, there’s a lot more under the hood—especially if you own a business.

In this episode, we break down the tax provisions that actually matter. We’re talking real impact:

  • The QBI deduction is now permanent (huge win for most shop owners)
  • The Tax Cuts and Jobs Act didn’t sunset—it stuck around
  • Bonus depreciation is back at 100% for a while
  • The 1099 threshold jumped to $2,000, which means fewer headaches chasing W-9s
  • And that higher SALT cap? It’s helpful—but not for everyone

We’ll also touch on why the “no tax on tips and overtime” provision might be less exciting than it sounds (unless you’ve got tipped employees or blue-collar workers pulling overtime).

Bottom line—if you run a small business, whether it’s an S corp, LLC, or partnership, this episode helps you understand what’s changing, what’s not, and how to use it to your advantage without getting lost in the noise.

 

Kaizen CPAs works with auto repair shops across the country. We know running a successful shop takes more than keeping the bays full. We help shop owners understand their numbers, stay ahead of taxes, and build stronger, more profitable businesses. Auto repair is at the heart of what we do, but we bring the same practical, hands-on approach to businesses in other industries, too.

YPD HCM is part of the Kaizen CPAs family. YPD HCM helps small businesses manage payroll, HR, and compliance with the right tools and personal, human support—from payroll and tax filings to onboarding, employee management, and more. It’s practical help for the people side of your business, from a team that’s there when you need them.

The information in this article is provided for general educational purposes and reflects conditions as of the publication date. It is not legal, tax, accounting, payroll, HR, or compliance advice. Every business is different, so talk with a qualified professional about your specific situation.

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