Welcome to Episode 152 of the Teaching Tax Flow podcast! Co-hosts Chris Picciurro, CPA and John Tripolsky break down how the One Big Beautiful Bill Act (OB3) reshapes the landscape for small business owners—covering everything from the QBI deduction and 100% bonus depreciation to Opportunity Zones, SALT planning, and new credits for employers and employees. Sponsored by Sunsets & Dinks, this episode gives entrepreneurs and closely held businesses a clear roadmap for tax-smart decisions.

What You’ll Learn:

• How OB3 permanently extends key provisions like QBI and restores 100% bonus depreciation

• Where Opportunity Zone Funds fit into an overall planning strategy

• SALT cap increases and how PTE workarounds can lower effective federal tax

• New and expanded credits (e.g., FICA tip credit expansion to beauty/service industries) and dependent care limits

• Practical, ethical strategy stacking to maximize deductions while staying compliant

Key Insights:

OB3 creates durable planning opportunities for small businesses—particularly those investing in equipment, real estate, or operating in high-tax states. Pairing QBI, bonus depreciation, and SALT strategy with OZ planning can materially change after-tax outcomes when implemented thoughtfully.

Notable Quotes:

• “What bonus depreciation is, is a provision that allows you to deduct the entire amount of asset purchase instead of writing it off over five, seven, or 15 years.” – Chris Picciurro

• “I think this is something that a lot of people are overlooking and we are going to lean into… in getting a special guest on to specifically talk about Opportunity Zone funds.” – Chris Picciurro

• “The people in our community, the teaching tax flow community, the voice of tax planning, by the way, drive our content, not us.” – Chris Picciurro

• “Now you could deduct if you’re married up to $40,000.” – Chris Picciurro (on SALT increases)

• “Ideas are cheap, implementation is valuable.” – Chris Picciurro

Resources:

• Teaching Tax Flow Website

• Teaching Tax Flow YouTube Channel
• OB3 Playlist

• Defeating Taxes

Episode Sponsor:

Sunsets & Dinks — premium pickleball apparel for the TTF community. Save 15% at teachingtaxflow.com/pickleball with code TTF15.

• (00:03) - Exploring OB3's Impact on Small Businesses and Pickleball Gear