In this jam-packed solo episode, Jeremy Lindsey — tax strategist, founder of Clarity Tax Advisors, and your go-to guide through the maze of small business finance — unpacks the real-world impact of the One Big Beautiful Bill Act (OBBA). Whether you’re a contractor, service provider, or creative with a growing LLC, these new tax changes are more than just line items — they’re game changers.

Jeremy walks through the updates that matter most to entrepreneurs and small business owners, including research and development expensing, Section 179 deductions, bonus depreciation, childcare credits, opportunity zones, and more. With relatable case studies and crystal-clear breakdowns, this episode is your blueprint for proactive tax strategy in 2025 and beyond.

In This Episode:

• Why the OBBA is the biggest tax opportunity shift in years — and how to prepare
• R&D expense update: No more amortizing over 5 years — expense it all upfront
• Section 179 deduction limits raised to $2.5M (what it means for vehicles, equipment & roofs!)
• Bonus depreciation is back at 100% — and here to stay
• QBI Deduction clarified: What you need to know to qualify and optimize wages or asset base
• Qualified Small Business Stock Exclusion raised from $10M to $15M — and now permanent
• Opportunity Zones extended and redesigned — including new rural incentives
• Childcare tax credits doubled (and why this might beat a raise in your compensation strategy)
• Business interest expense deduction expanded for companies >$25M revenue
• 1099 filing thresholds raised to reduce admin burden
• Energy-efficient building, paid leave, and clean vehicle credits — what’s sunsetting and what’s new

Key Takeaways:

• If you’ve got R&D expenses, talk to your advisor — retroactive expensing can be a massive refund play.
• Raising your own salary might actually save you money if done strategically under QBI rules.
• The childcare credit and new fringe benefit opportunities are a powerful move for retention and tax efficiency.
• OBBA isn’t just a bunch of legalese — it’s your invitation to build a leaner, smarter tax plan in 2025.

Found a quarter in your couch today?
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📥 Download Jeremy’s OBBA cheat sheet: aquarterinthecouch.com/resources
📬 Connect directly: [email protected]

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Listen to more episodes on Mission Matters:
https://missionmatters.com/author/jeremy-lindsey