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Strategic Entity Planning Considerations for Staffing Firms Under the One Big Beautiful Bill

Key takeaways:

OBBB made changes to many areas of business and individual tax, but there are three in particular that may impact the entity planning of staffing firms directly: (1) Section 199A: 20% Deduction now permanent, (2) Section 1202: Expanded tax savings on business sales, and (3) GILTI renamed and reshaped as NCTI
The updates will present a blend of opportunity and new challenges, requiring an evaluation of current strategies and considerations to improve operational effectiveness and maximize tax savings
Guidance from a qualified tax professional is critical to ensure compliance and maximize the retrn on new strategies

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