The Tax Impact of the One Big Beautiful Bill
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The Tax Impact of the One Big Beautiful Bill
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When Congress passed the One Big Beautiful Bill in July 2025, the Federal legislation brought significant changes for business and individual taxpayers.
On this week's Mind Your Business, we continue our examination of the bill and it's impact on tax law for business and individual filers, highlighting key changes that will resonate with High Country businesses and their employees. We are joined by Ralph Polk, CPA and Senior Manager with DMJPS, PLLC, who will break down the legislation and provide insight on topics like depreciation, research & development expenses, and 1099 reporting for businesses.
He'll also explain the final legislative language related to major campaign talking points like no tax on tips, while also highlighting changes to charitable contribution allowances for certain individual taxpayers.
Mind Your Business is written and produced weekly by the Boone Area Chamber of Commerce. This podcast is made possible thanks to the sponsorship support of Appalachian Commercial Real Estate.
Catch the show each Thursday afternoon at 5PM on WATA (1450AM & 96.5FM) in Boone.
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