5 Things Small Business Owners Can Do With the New Tax Law Before Year-End

✅ Want to see how the new tax law changes your year-end planning as a business owner? Let's talk → www.createwealthfp.com The One Big Beautiful Bill changed some rules for small business owners and made other rules permanent, and Q4 is your window to act. The law made several major moves permanent: a 20% deduction on qualified business income, 100% bonus depreciation on eligible property, and wider income ranges that let more business owners access the full benefits. All of it applies to your 2026 tax return. Once December 31 passes, these become 2027 plans. In this video, Jeff walks through 5 specific moves to consider before year-end: 1. Confirm your QBI deduction is fully optimized under the new permanent rules 2. Evaluate whether placing business property in service before December 31 makes sense to capture 100% bonus depreciation 3. Set up or max out a Solo 401(k) or SEP IRA before the plan-establishment deadline 4. Decide how to deploy excess business cash across the three available year-end buckets 5. Revisit the S-Corp election with the updated QBI and depreciation math on the table The last one has implications for how you structure your business going forward, so don't skip it. _ _ Timestamps: 00:52 Make sure you're getting the 20% QBI deduction 02:30 See if 100% Bonus Depreciation is useful for any capital purchases 03:51 Max out a small business retirement plan 05:22 Decide how to allocate excess business cash 06:45 Redo the math on whether you should make an S Corp election if you haven't already _ _ Create Wealth Financial Planning, LLC (CWFP) is a registered investment advisor offering advisory services in the State of FL and in other jurisdictions where exempted. All content on this site is for informational purposes only. Portions of this content may have been generated with the assistance of AI tools. Investing involves risk and the potential for loss. Please speak with a financial professional to evaluate your personal situation before taking action on any items discussed on this page. Comments and reactions by viewers are not a guarantee of future investment outcomes and are beyond the control of Jeff McDermott and Create Wealth Financial Planning. Public comments are not selected, amended, deleted, or sorted by CWFP, although personally identifiable information, scam or fraud messages, and misinformation may be removed. Create Wealth Financial Planning is a financial advisor serving mid-career professionals, Executives and Directors, Business Owners. Gen X and Gen Y (35-55 years old), young families, rising career professionals with growing income, those with student loans or other debt, individuals starting to build wealth