Tax Law 2025 Glow-Up: OB3 for Founders Who Hate Fine Print
300 pages of tax law distilled into 3 minutes for busy creative founders.
Wait, what actually happened?!?
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One Big Beautiful Bill Act (OB3) signed July 4, 2025
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Re-opens full expensing of R&D costs (goodbye five-year amortization)
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Hikes 1099-MISC / NEC thresholds & kills the unpopular 1099-K threshold drop
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Makes the 2017 TCJA rate cuts permanent for individuals & passthroughs
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Keeps the 21 % corporate rate; sweetens FDII & GILTI for cross-border creatives
Why Creative Entrepreneurs Should Care
Your Biggest Wins in 60 Seconds
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Unlock immediate R&D tax savings without messy amortization.
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Fewer 1099 headaches = less admin overhead.
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Bonus depreciation still lives—gear up your studio faster.
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Cross-border royalty income? More favorable FDII treatment.
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Get clarity now so you’re audit-ready in 2026.
The Deep Dive: All the Details You Need, None of the Fluff
Here it is… the moment you’ve been waiting for. A professionally crafted summary of the key elements of HR1 aka OB3, effective as law as of July 2025. The focus here will be on the tax matters in this bill only, with special attention to the items that are most relevant for our creative entrepreneur clients.