08/28/2026
The One Big Beautiful Bill Act made four significant changes to the tax code that directly affect how business owners invest, borrow, structure their entities, and plan for the future.
Bonus depreciation is now permanent at 100 percent. The Section 199A pass-through deduction is now permanent, and the income thresholds where phaseout rules apply have expanded. Domestic R&D expenses can be immediately deducted again. And business interest deductibility improved.
Most business owners are aware the law passed. Fewer have actually reviewed their entity structure, their insurance coverage, their capital decisions, and their tax strategy in light of the new rules.
The gap between knowing the rules changed and adjusting how you operate is where the opportunity lives right now. This week's article breaks down what each change means and what to do about it across all four LIFT systems: Legal, Insurance, Financial, and Tax.
Want to learn more? Click here: https://elementlawfirm.com/2026/08/08/the-one-big-beautiful-bill-what-business-owners-need-to-do-right-now/