Tax Hive and Kevin O'Leary Encourage Business Owners to Act Now as "Big Beautiful Bill" Reshapes Tax Landscape

SALT LAKE CITY, Sept. 2, 2025 /PRNewswire/ -- Tax Hive, a leading provider of business tax advisory services, today outlined the core components of the newly enacted "Big Beautiful Bill," explained the potential effects on business owners, and—together with strategic partner Kevin O'Leary—urged companies to begin proactive tax planning immediately to capture benefits and avoid compliance pitfalls before the next busy filing season.

Core components business owners should know

• Enhanced capital expensing — expanded immediate expensing and bonus depreciation that can materially change the after-tax cost of equipment and technology purchases.
• New and expanded credits — targeted incentives for clean energy, workforce training, research & development, and investments in underserved communities.
• Pass-through adjustments — changes to how passthrough income is calculated and reported that could affect owner-level tax liabilities and compensation strategies.
• Updated reporting and timing rules — modified information reporting, documentation requirements, and timing for claiming some credits that may affect quarterly estimated payments and payroll withholding.
• Compliance and audit clarifications — streamlined rules intended to reduce disputes, but requiring stronger substantiation and recordkeeping.

How these changes can affect business owners

The Bill has immediate cash-flow and planning implications. Businesses that accelerate or defer purchases, pursue newly available credits, or change payroll and estimated tax practices may see significant shifts in quarterly liabilities and year-end tax positions. Without timely review and implementation, owners risk missed credits, incorrect estimates, unnecessary tax costs, and higher audit exposure.

"Smart tax planning is the difference between leaving money on the table and unlocking real value for your business," said Kevin O'Leary, strategic partner at Tax Hive. "The Big Beautiful Bill creates opportunity — but you need a clear plan and the right advisor to capture it. Don't wait until tax season to start."

Recommended next steps

• Perform a rapid benefits assessment to identify credits and expensing opportunities.
• Review capital purchase plans and timing to optimize depreciation and expensing.
• Update estimated tax and payroll withholding strategies to reflect new rules.
• Improve documentation and internal controls to substantiate credits and deductions.
• Discuss entity- and owner-level planning with a tax advisor to limit unintended tax shifts.

About Tax Hive
Tax Hive, a Kevin O'Leary company, is a trusted provider of comprehensive tax advisory, planning, bookkeeping, and preparation services for business owners and the renewable energy industry. Backed by Kevin O'Leary, Tax Hive delivers tailored solutions that save clients time, money, and stress. Focusing on integrity, expertise, and innovation, Tax Hive helps clients achieve their financial goals while navigating an ever-changing tax landscape.

For more information or to schedule a consultation, visit www.taxhive.com.

Media Inquiries:
Greg Gordon, Tax Hive
Phone: (833) 919-1992
Email: [email protected]

SOURCE Tax Hive