Everyone Is Arguing About Trump's Big Beautiful Bill (Few Understand How It Hits Your Taxes)
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About this listen
If you are making real money and still getting crushed every tax season, politics are not your problem. Timing is. The Big Beautiful Bill changed the landscape, but most business owners never slowed down long enough to understand how.
In this conversation, Rick is joined by Jake Alexander, founder of Action Accounting and a former IRS insider who now works with six, seven, and eight figure business owners. They break down what the Big Beautiful Bill actually did, why it became so divisive, and how most people are reacting emotionally instead of strategically.
They talk through bonus depreciation, Section 179, business structure, and why waiting until April guarantees regret. This is not about liking or hating Donald Trump. It is about knowing the rules while they exist and using them before they disappear.
- What the Big Beautiful Bill actually changed for business owners
- Why the tax bill became political instead of practical
- How bonus depreciation and Section 179 really work
- Why tax preparation is not the same as tax planning
- How structure and timing quietly control your tax liability
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Keywords: big beautiful bill, trump tax bill, tax reform impact, business tax planning, bonus depreciation, section 179, cost segregation, small business taxes, entrepreneur finance, tax strategy, s corp vs c corp, business structure, high income earners, w2 vs business owner, tax law changes, political tax reform, proactive tax planning