By Cameron Nyack: A Practical Guide for Business Owners in 2025 and Beyond On July 4, 2025, the U.S. Congress passed—and the President signed—the One Big Beautiful Bill Act (OBBBA). For business owners, entrepreneurs, and anyone operating a small or midsize company, the law introduces significant changes in taxation, deductions, depreciation, and investment incentives. If you run a business, OBBBA creates new opportunities to save money, expand, and strategically lower your tax burden. Here’s how companies can benefit — and how to position yourself to take full advantage. 1. 100% Bonus Depreciation (Full Expensing of Qualified Assets) Under OBBBA, businesses can immediately deduct 100% of the cost of qualified assets — machinery, equipment, vehicles, and specific property improvements — placed into service after January 19, 2025. This allows businesses to: Lower tax liability dramatically Reduce the after-tax cost of investment Accelerate upgrades, expansion, and modernization Th...