tax tips for LLC owners 2025 Archives - Accolade Accounting Thu, 12 Feb 2026 11:42:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://accoladeaccounting.com/wp-content/uploads/2020/10/favicon-150x150.png tax tips for LLC owners 2025 Archives - Accolade Accounting 32 32 188260981 “The Big Beautiful Bill”: 5 Tax Opportunities for Small Business Owners in 2025 https://accoladeaccounting.com/the-big-beautiful-bill-5-tax-opportunities-for-small-business-owners-in-2025 Tue, 29 Jul 2025 12:23:11 +0000 https://accoladeaccounting.com/?p=8279 The new federal tax law (H.R. 1, “The Big Beautiful Bill”) brings major updates for small business owners: The 20% QBI deduction is now permanent, making LLC or S-Corp structures more attractive. A new $4,000 senior deduction is available for business owners 65+ with income below $75,000. The SALT deduction cap has been raised to […]

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]]> The new federal tax law (H.R. 1, “The Big Beautiful Bill”) brings major updates for small business owners:

  • The 20% QBI deduction is now permanent, making LLC or S-Corp structures more attractive.
  • A new $4,000 senior deduction is available for business owners 65+ with income below $75,000.
  • The SALT deduction cap has been raised to $ 40,000 through 2029 for individuals with an income of under $ 500,000.
  • Temporary deductions for tips and overtime apply through 2028.
  • Full first-year write-offs remain in place for qualifying equipment and software.

At Accolade Accounting, we help small business owners act on these opportunities before key benefits expire.

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