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The One Big Beautiful Bill Act

How To Capitalize On Historic Legislation

The recently passed "One Big Beautiful Act" (OBBBA) has generated no small amount of debate.

One thing that cannot be debated, however, is the vast opportunity the bill presents for business owners and high-net-worth individuals.

The question now becomes, what's next? What do you need to do to take advantage of the new laws? Instead of a rundown of what all the provisions ARE, we have broken the bill down into the critical areas that you can benefit from and, importantly, what you need to do next.

 

The One Big Beautiful Bill Act

Four Key Areas You Need To Address Today

Canva Design DAGtcgfn8agThe One Big Beautiful Bill Act (OBBBA) permanently raises estate, gift, and generation-skipping transfer tax exemptions, allowing individuals to shield up to $15 million and couples up to $30 million from federal taxes beginning in 2026, with future adjustments for inflation. This change means fewer estates will incur federal taxes, while those near the thresholds should continue proactive planning.

 

The expanded exemptions provide increased flexibility for gifting and wealth management, including using trusts like SLATs and SPATs. The OBBBA also enhances the Qualified Small Business Stock (QSBS) exclusion, increasing the benefit and eligibility for owners of qualified small businesses - meaning you could exclude up to 100% of your capital gains.



Download our Big Beautiful Cheat Sheet to learn what your next steps should be.

 

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Canva Design DAGtcj3UhfQThe One Big Beautiful Bill Act introduces significant enhancements to R&D credits and bonus depreciation.

 

For R&D, the bill expands eligibility, makes claiming the credit retroactive for businesses with revenues under $31M, and restores immediate expensing vs. 5 years of amortization.

 

Bonus depreciation for qualified property has been reinstated at 100% and made permanent. Bottom line, there are massive refunds available. 

 

Download our Big Beautiful Cheat Sheet to learn what you need to do next.

 

Download Now >

 

Canva Design DAGth1pUtKYThe One Big Beautiful Bill Act will significantly affect how business owners choose their entity structure by changing tax incentives. 
 
 

For pass-through entities, the Act makes the 20% Qualified Business Income deduction permanent, expands income thresholds, and temporarily raises the SALT deduction cap to $40,000. For C corporations, it expands QSBS exclusions by shortening holding periods, increasing gain limits, and raising the asset threshold for qualifying businesses.

 

What implications does the OBBBA have for your business? Download our One Big Beautiful Cheat Sheet to learn more.

 

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Canva Design DAGtcytzseUThe recently enacted "One Big Beautiful Bill Act" (OBBBA) brings about several changes affecting how business owners pay themselves, particularly those operating as pass-through entities (e.g., S corporations, partnerships, LLCs).

 

The 20% QBI deduction, which was set to expire at the end of 2025, is now permanent and the phase-in wage and investment limitation for the deduction is increased to $75,000 for individual filers and $150,000 for joint filers.


By making the QBI deduction permanent and expanding eligibility, the bill aims to reduce the tax burden for many small business owners, potentially leading to increased after-tax income. 

Download our Big Beautiful Cheat Sheet to learn how you can balance your compensation strategically.

 

Download Now >

One Big Beautiful Cheat Sheet

There are over 1,000 pages worth of new and updated provisions in The One Big Beautiful Bill Act.

But what does it mean for you and your business? We have condensed the Act down to its most impactful provisions for individuals and business owners so you can start making a plan to take advantage of what the bill has to offer.

 

The One Big Beautiful Bill Act

By The Numbers

There are dozens of new laws and provisions in The One Big Beautiful Bill Act, and a couple that can have a MASSIVE impact for business owners, including:

100
%
Bonus Depreciation Made Permanent
100
%
R&D Expensing Year 1, No Longer Amortized
75
%
Capital Gains Tax Exclusion On The Sale of Your Business
The One Big Beautiful Bill Act

Better Terms To Sell Your Business

The changes to section 1202 in The One Big Beautiful Bill Act allow business owners to exclude up to 100% of their capital gains from the sale of the business.

Learn how. 

C&A Dealmakers
Fixing Fragmentation

Private Tax Advisory

For generations, CPAs, wealth advisors, business brokers, insurance providers, and benefits managers, have operated in silos, focusing on one aspect of a client’s financial life without considering the broader picture.

The result?  Industry-wide fragmentation has led to business owners and high-net-worth individuals being underserved and at significant financial risk.  Wealth is lost to unnecessary taxes, portfolios underperform, and estates are unprotected. Worse still, most people don’t even realize it’s happening. Trusting instead that their team is operating in their best interest. However, the interests being served are those of the advisors.

At Cunningham & Associates, our mission is to eliminate fragmentation and improve outcomes.

Fragmentation in the financial industry is hurting taxpayers