The One Big Beautiful Bill: What Does It Mean for Business Owners?

The One Big Beautiful Bill (OBBBA) includes the most significant payroll and employer-tax changes in years. BGM and Gusto hosted a practical, non-technical walkthrough of the new rules, reporting requirements, deadlines, and planning strategies business owners need to know.

This session focused on clear takeaways and planning strategies for employers, finance leaders, and their advisors. We covered payroll tax changes, enhanced reporting rules, deductions related to tips and overtime, and key business tax provisions.

What You’ll Learn

• The major components of the OBBBA and how they affect employers and small-medium sized businesses.
• High-level tax planning considerations for business owners (depreciation, QBI, credits).
• New payroll tax rules, including “no tax on tips” and “no tax on overtime” provisions and employer reporting requirements.
• Changes to 1099 reporting thresholds and how contractors are impacted.
• How to prepare now for phased implementation and compliance timelines

Watch the replay to learn the key payroll and tax updates you need to know to navigate the OBBBA with confidence.