Business Tax

Business Tax Provisions

5/26/20251 min read

a man riding a skateboard down the side of a ramp
a man riding a skateboard down the side of a ramp

“One Big Beautiful Bill” – Business Tax Provisions Kick In

  • Office perks deduction ends: Starting in 2026, businesses can no longer deduct on-site cafeteria, snack, or beverage expenses provided for employee convenience.

  • Corporate incentives: The megabill proposes phase-in permanent full expensing, robust R&D deduction, and maintains the 20% pass-through deduction—subject to reconciliation.

  • Clean-energy credit rollbacks continue, affecting renewables, EV, and solar projects; Senate slows the phase-out relative to the House plan.

These will take effect upon final passage—expected mid‑2025—for tax years beginning January 1, 2026.

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Website: www.sadochcpa.com