As 2025 draws to a close, business owners face a critical window to make tax-smart moves that can reduce liability, improve cash flow, and set the stage for a strong start to 2026. With the One Big Beautiful Bill Act (OBBBA) reshaping deductions, credits, and thresholds, this year’s planning carries extra weight.
The Senate is currently in a marathon “vote‑a‑rama” phase, reviewing hundreds of amendments to the “One Big Beautiful Bill” (OBBBA) passed by the House in May. That means significant changes remain possible before a final Senate vote—expected this week—followed by a return to the House and, ultimately, the President’s signature.
On May 22, 2025, the U.S. House of Representatives narrowly passed a comprehensive tax and spending bill, often referred to as the "One Big Beautiful Bill Act." This legislation encompasses significant tax reforms and spending measures. The bill now advances to the Senate, where it faces potential revisions and debates.
Quarterly taxes are a crucial part of running a business, but they can often feel overwhelming. Missing payments or underestimating your tax liability can lead to penalties. Here’s how to stay on top of your obligations:
