Happy Lifestyle Accounting

This is the One Big Beautiful Bill Act (OBBBA) that was signed into law on July 4th, 2025. What’s in H.R. 1 that matters for travel businesses? 1. Qualified Business Income (Section 199A) Deduction – Pass-Through Entities H.R. 1 makes the 20% pass-through deduction (often a boon to S-corps, partnerships, LLCs) permanent and extends its…