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

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, I 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.