What's Happening?
CBIZ has released its 2026 Tax Planning Guide to assist businesses and individuals in navigating the changes brought by the One Big Beautiful Bill Act (OBBBA). The guide provides strategies for tax planning
in light of significant policy overhauls, including immediate deductibility of domestic research expenses, restoration of 100% bonus depreciation, and expanded tax incentives. Joseph Perry, CBIZ's national leader of tax services, emphasized the guide's role in transforming tax planning into a strategic growth driver. The guide also covers new provisions for qualified production property, opportunity zones, and small business stock, offering potential tax benefits for various sectors.
Why It's Important?
The release of CBIZ's tax planning guide is crucial for businesses and individuals seeking to optimize their tax strategies amid sweeping changes in tax policy. The OBBBA represents a significant shift in tax regulations, affecting deductions, exemptions, and incentives across industries. By providing detailed insights and strategies, the guide helps stakeholders understand and leverage new opportunities for tax savings and compliance. This resource is particularly valuable for decision-makers aiming to align their financial planning with the latest legislative changes, potentially leading to substantial economic benefits.
What's Next?
As businesses and individuals digest the implications of the OBBBA, they will need to reassess their tax strategies and entity selections to maximize benefits. The guide encourages stakeholders to consider the impact of new provisions on their operations and explore opportunities for tax optimization. CBIZ's insights may prompt further discussions and consultations among tax professionals and clients, leading to strategic adjustments in financial planning. The ongoing analysis of the OBBBA's sector-specific effects will continue to shape tax planning and compliance priorities in the coming years.
