10/08/2026
💼 The IRS just started implementing the One Big Beautiful Bill Act — and its quietly rewriting the business law playbook. Most lawyers heard the headlines when the bill passed last July. But the real story is happening now, as the IRS turns the statute into working rules — and it's changing how you should be advising clients on deals, entities, and ownership transitions. Here's what's actually shifting:1. The corporate tax rate is permanent. The 21% rate is no longer a moving target. That removes a huge variable from the C-corp vs. pass-through decision — and it means clients who deferred restructuring because of rate uncertainty may now be ready to revisit their entity structure.2. Estate and gift exemptions are locked in. The larger TCJA-era exemptions are permanent, so there's no more racing a 2025 cliff. That changes the conversation around succession planning, buy-sell agreements, and moving equity to the next generation — and it's worth having now while the rules are favorable.3. The SALT cap increase changes the owner math. The state and local tax deduction cap rises to $40,400 for certain taxpayers(up from $10,000), before reverting in 2030. For owners and partners in high-tax states, that reshapes how they want income and deductions allocated — compensation vs. distributions is suddenly a bigger conversation.4. New deductions mean new questions. The act adds deductions for tips, overtime, and senior income. That's more eligibility questions from clients, more documentation to track, and a need to refresh your intake process. The bottom line: the IRSs 2026–2027 Priority Guidance Plan is out, and more regulations are dropping in real time. The firms that track this guidance now will be advising clients ahead of the curve. The ones that wait? They'll be scrambling at filing time. Is your practice ready for the new baseline? Reach out to us at InteractiveAccountants.com — happy to talk through how this affects your clients. 👇
