The One Big Beautiful Bill Act (OBBBA), signed into law in 2025, brings meaningful changes for small and midsize businesses. For owners of S-corporations, partnerships, LLCs, and sole proprietorships, the new law creates greater long-term certainty and several opportunities to lower taxable income.

Starting a new business takes courage, energy, and a willingness to take risks. Alongside the excitement, though, comes a reality that can't be ignored: taxes. How you set up your business, track expenses, and plan for profits makes a big difference in how smoothly you grow. A little planning today can prevent costly mistakes tomorrow.