Construction/Real Estate
THE TAX CHECKLIST EVERY BUSINESS NEEDS IN 2025.
Cut through the complexity of the One Big Beautiful Bill Act with our 2025 tax checklist, designed to help your business save more and stress less.
With more than 75 years serving businesses across Dallas and Houston, LGT helps companies navigate complex tax changes with clarity and confidence.
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FREQUENTLY ASKED QUESTIONS
WHAT IS THE OBBBA AND WHY SHOULD BUSINESS OWNERS CARE?
The One Big Beautiful Bill Act of 2025 is the latest tax reform law. It makes several tax breaks permanent and introduces new deductions that can save businesses and individuals serious money. If you own a business in Dallas, Houston, or anywhere in the U.S., these changes could shape how you plan and file your taxes for years.
WHAT ARE THE BIGGEST TAX CHANGES FOR BUSINESSES?
→ Permanent 20% QBI Deduction for flow-through entities (huge for small/mid-sized businesses).
→ Immediate R&D Deductions (including software development).
→ 100% Bonus Depreciation is back—expense property and equipment in full.
→ Section 179 Deduction Doubled to $2.5 million.
→ New Qualified Production Property Deduction at 100%.
→ Higher 1099 Threshold ($2,000 starting in 2026).
→ Immediate R&D Deductions (including software development).
→ 100% Bonus Depreciation is back—expense property and equipment in full.
→ Section 179 Deduction Doubled to $2.5 million.
→ New Qualified Production Property Deduction at 100%.
→ Higher 1099 Threshold ($2,000 starting in 2026).
HOW DOES THE OBBBA AFFECT INDIVIDUAL TAXPAYERS?
→ Permanent Tax Brackets (10%–37%).
→ Higher Standard Deduction ($15,750 single, $31,500 joint in 2025).
→ SALT Cap Raised to $40,000 (until 2030).
→ Expanded 529 Plans (up to $20,000 for K-12 expenses).
→ Permanent Estate Tax Exemption ($15M per person).
WHAT PLANNING OPPORTUNITIES SHOULD BUSINESS OWNERS LOOK AT RIGHT NOW?
→ Reviewing structure to maximize the QBI deduction.
→ Deducting R&D expenses (and possibly amending prior returns).
→ Timing big asset purchases for bonus depreciation.
→ Considering cost segregation studies.
→ Preparing for the new 1099 rules.
→ Exploring charitable giving and Qualified Small Business Stock opportunities.
HOW CAN I MAKE SURE I DON'T MISS OUT ON THESE TAX SAVINGS?
Every situation is unique. The smart move is to talk with a tax advisor who understands the OBBBA inside and out. That’s exactly why we created the 2025 OBBBA Tax Guide + Checklist—so you can walk into tax season fully prepared.
👉 Download the full guide now (just fill out the form above!)
WHO CREATED THE OBBBA GUIDE?
The guide was created by Lane Gorman Trubitt (LGT), a Dallas- and Houston-based CPA firm with 75 years of experience helping businesses navigate complex tax laws. Our team of tax specialists breaks down the OBBBA into simple, actionable strategies.
WHAT SERVICES DOES LGT PROVIDE BEYOND TAX GUIDES?
We’re not just about guides—we help businesses and individuals with:
→ Comprehensive tax planning & compliance
→ Audit & assurance
→ Business advisory services
→ Estate planning strategies
→ Consulting on R&D credits, depreciation, and more
Basically, if it affects your money, your growth, or your business structure, we’ve got you covered.
HOW CAN I GET STARTED WITH LGT?
Easy—download the full 2025 OBBBA Guide using the form above, then reach out for a one-on-one consultation. Whether you’re just starting your business or running a large company, we’ll help you create a plan that works for you.