Effective July 4, 2025, the One Big Beautiful Bill Act introduced sweeping tax reforms that offered major advantages for small businesses, particularly those in manufacturing or in high cost of goods sold (COGS) sectors. While the new legislation has received mixed reviews from Americans and political analysts, it does include important tax benefits for small business’ growth and investment capacity.

Permanent Qualified Business Income Deduction

The new law makes permanent the Section 199A deduction for pass-through businesses such as LLCs, S-corporation and partnerships. While some of the largest companies in the country are C-corporations, which do not qualify for these tax deductions, the majority of U.S. businesses are pass-throughs.

With the extension of this law, business owne

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