The start of a new tax year means updates that affect how you manage your business, and 2026 is no exception. The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, includes several provisions that directly affect small business owners. These changes influence deductions, reporting rules, and long-term financial planning. With a clear understanding of what is ahead, you can move into 2026 with more predictable expectations and fewer surprises at tax time.

As your business grows, it's essential to ensure that your business structure continues to align with your goals. Whether you're adding new products, changing ownership, or simply evolving, the structure of your business can have significant tax and operational implications. Let's explore some of the most common business structures—Hobby, Sole Proprietorship, LLC, S-Corporation, and C-Corporation—and what they mean for your company.

As the push toward clean energy intensifies, the Advanced Energy Project Credit (AEPC) offers a unique opportunity for small businesses to benefit from this significant transition. Originally established under the American Recovery and Reinvestment Act of 2009, this tax credit has been renewed and expanded to encourage more businesses to participate in sustainable practices. Whether you're focused on manufacturing, recycling, refining, or industrial decarbonization, the AEPC could be a boon to your business.