

Dashboard: A Big Beautiful Win for Small Businesses?
Tax Certainty and Tariff Chaos: What Small Businesses Need to Know Now
The big win for small businesses in the new bill is tax certainty with key provisions made permanent, including a 20% pass-through deduction, 100% bonus depreciation on capital expenditures, immediate deduction for R&D costs, and a significantly increased estate tax exemption.
Gene Marks highlights that these permanent tax measures allow business owners to plan long-term investments and hiring decisions confidently.
On the other hand, tariffs remain a complex and uncertain challenge, especially with President Trump's unpredictable approach and the upcoming end of the Liberation Day tariff pause, creating risk and disruption for businesses reliant on imports, especially from China.
Gene asserts that business owners who failed to anticipate tariff impacts and diversify supply chains have no one to blame but themselves, emphasizing the importance of having a proactive Plan B to survive tariff pressures.
Despite differing views on social costs and policy, the combination of tax stability and tariff uncertainty defines the current environment for small businesses.
Permanent Tax Benefits For Businesses
- The new bill makes major tax benefits permanent for business owners, including a 20% pass-through deduction.
- This permanence allows businesses to plan long term with more certainty and confidence.
Indirect Tax Benefits Explained
- The bill includes indirect tax benefits by exempting the first $25k of tipped income and overtime wages from tax.
- These provisions create financial incentives for both workers and employers.