What the One Big Beautiful Bill Means for Your Small Business | Books & Backbone

The One Big Beautiful Bill Act was signed into law on July 4, 2025. It's the most significant small business tax legislation in nearly a decade. And most small business owners still don't know what's in it or what decisions they should be making because of it.In this solo episode of Books & Backbone, Donna Harris breaks it down in plain English — no political commentary, no tax code jargon. Just what passed, what it means for pass-through business owners, and what to do before December 31.The QBI deduction — the 20% deduction for S-Corps, LLCs, partnerships, and sole proprietors — is now permanent. Bonus depreciation is back at 100% for qualifying property placed in service after January 19, 2025. Section 179 has been expanded to $2.5 million. These are real, meaningful tax saving opportunities available right now.Whether you capture them depends on whether you know about them — and whether your books are clean enough to support the calculations.Donna Harris, MBA, MAccCEO, Bookkeeping Made Simple LLCmysimplebookkeeping.com | 801-692-0032