Welcome to The Locum CPA YouTube channel.

In this episode, we dive deep into the major tax changes introduced by the recently passed bill - One Big Beautiful Bill (OBBA) that directly impacts small business owners from 2025 onwards. We'll cover pivotal topics including the QBI deduction, the return of 100% bonus depreciation, Section 179 deductions, the SALT workaround, and the critical deadline for the clean vehicle tax credit. Don't miss out on understanding how these changes can help you save on taxes. Tune in and learn what you need to discuss with your CPA to maximize your benefits.

00:00 Introduction and Overview

00:25 Understanding the QBI Deduction

01:31 Bonus Depreciation Returns

02:33 Section 179 Deduction Explained

03:19 SALT Workaround Benefits

03:59 Clean Vehicle Tax Credit Deadline

04:51 Conclusion and Next Steps

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The Locum CPA is hosted by Stephen Lee, a Certified Public Accountant and Certified Private Wealth Advisor®. On this channel, you will find strategic business advice related to locum tenens professionals. Topics to be covered will include how to set up and operate your locum tenens practice to maximize tax deductions, tax savings, pay quarterly estimated taxes and bring overall peace of mind when operating a locums practice.

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.