The One Big Beautiful Bill Act, which was recently signed into law, includes significant changes to the tax code and introduces new incentives that could greatly impact small businesses. While much of the media focus has been on its effects on large corporations, the implications for entrepreneurs, founders, and independent business owners are equally important, if not more so. This law alters deductions, enhances liquidity options, and changes the planning process for research and development, financing, and even business exits. Below, we outline the most significant updates and what small businesses should do in response.
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