Business and Corporate Federal Tax Planning Guide for 2025

This guide focuses on business and corporate federal tax planning strategies for the tax year 2025, addressing the complexities introduced by the One Big Beautiful Bill Act (OBBBA) and the current economic landscape. It outlines critical tax planning topics such as profitability, cash flow, and workforce strategy, emphasizing the importance of aligning tax strategies with business goals. The document details various provisions under OBBBA, including restored expensing of research costs, extended bonus depreciation, and the permanent qualified business income deduction. It also discusses the implications of these provisions on liquidity and tax outflows, providing practical insights for businesses to manage risks and capitalize on opportunities. The guide serves as a resource for middle market businesses to navigate tax planning effectively, ensuring compliance while optimizing profitability and cash flow in a volatile economy.