What the "One Big Beautiful Bill" Means for Small Business Owners
July 2025
If you’ve been hearing buzz about the “One Big Beautiful Bill” that just passed, you’re not alone—and you might be wondering: What does this mean for my business?
As a small business owner, it can feel like new tax laws and policy changes pop up just when you’ve finally found your groove. But don’t worry—I’ve done the research so you don’t have to. Here’s what you need to know (in plain English) and how it might actually work in your favor.
Bigger Deductions for Business Investments
One of the biggest wins? Expanded bonus depreciation and Section 179 deductions.
Let’s say you’re a medspa owner who finally splurged on a $50,000 laser machine. Under the OBBB, you may be able to deduct the entire cost in the year it’s placed in service—rather than spreading it out over several years.
What this means for you: Larger upfront write-offs = Lower taxable income = Potential tax savings this year.
This applies to:
Equipment & machinery
Office furniture
Renovations
Technology upgrades
More Clarity Around Business Expenses
The OBBB also provides clearer guidance on what counts as a deductible expense—especially for modern business tools like:
Online booking systems
Subscriptions to design, scheduling, or marketing tools
Software for client management or team collaboration
This means less second-guessing and more confidence that you’re doing things right.
Clean Books Matter Even More
With new compliance standards and increased IRS focus on digital transactions, keeping clean, accurate records is no longer optional—it’s essential.
➡️ Tip: This is your sign to stop commingling funds and open that business bank account if you haven’t already.
➡️ Bonus: Tools like Xero and integrated invoicing software will help you stay ahead of the game (and reduce stress come tax season).
Strategic Tax Planning Is Now Essential
Some deductions and credits under this bill phase out based on your income or business structure, so this is the time to:
Reevaluate your entity structure (LLC? S-Corp?)
Review whether you’re paying yourself enough (or too much)
Start quarterly tax planning, not just year-end scrambling
And yes, this is exactly where a good accountant (👋) comes in handy.
Final Thoughts
Whether you’re running a spa, coaching business, or online shop, the OBBB is a reminder that your business deserves proactive financial strategy, not just reactive tax filing.
Want to know how this new law specifically impacts your business?
Let’s schedule a tax check-in and create a plan that’s as beautiful as the bill itself.
