Small Business Tax Planning Tips for 2025
Small business owners can implement 2025 tax-saving strategies by leveraging expert guidance and engaging in advocacy efforts to protect vital deductions.
Navigating tax strategies is a vital task for small business owners in 2025 as legislative discussions continue over making the 20% Small Business Tax Deduction permanent. The National Federation of Independent Business (NFIB) is advocating to protect this deduction, a cornerstone of the 2017 Tax Cuts and Jobs Act. Hosting an informative webinar spearheaded by expert Toby Mathis, NFIB introduced an array of tips and strategies designed to help entrepreneurs optimise tax savings, including advice on health insurance deductions and home office claims. The NFIB urges small business owners to join their petition against potential tax hikes and actively engage with policymakers to secure a supportive fiscal landscape. Staying informed about legislative updates and participating in advocacy efforts remains crucial for the long-term economic stability of small enterprises.