As a small business owner, it’s important to be prepared and properly file your taxes. Staying up to date on rules and regulations will help ensure that you don’t leave any money on the table, and we strongly recommend partnering with a tax professional to help you with the process.

• [01:04] The 2026 Tax & Compliance Landscape
• [01:31] “No Tax” Deductions Explained
• [03:40] Least Understood One Big Beautiful Bill Act Provisions
• [07:40] Overtime Deduction: What Qualifies
• [10:02] Tip Deduction: Key Rules & Limitations
• [11:46] Industries Affected by the New Tip Rules
• [12:44] New FICA Tip Credit Expansion
• [15:59] IRS Guidance for 2025 Reporting
• [18:48] Final Advice for Small Businesses

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