Special Episode | Unlocking Major Tax Breaks for Manufacturers: What the New OBBBA Law Means for You
Description
In this episode of Small Biz Florida, host Tom Kindred sits down with Andrew Zapf, CPA, Senior Tax Manager at Withum. Andrew shares critical insights into the recently passed legislation known as the "One Big Beautiful Bill Act" or OBBBA. The conversation explains how this bill reinstates the full expensing of research and experimental (R&E) costs, reintroduces 100% bonus depreciation for machinery, and introduces a powerful new incentive: 100% bonus depreciation for new manufacturing facilities under the Qualified Production Property (QPP) rule. Whether you're a small manufacturer or a large-scale producer, this episode unpacks how the latest tax reforms can fuel expansion, increase cash flow, and support growth across Florida’s booming manufacturing sector. Andrew also emphasizes the complexity of these provisions and why strategic, professional tax planning is crucial to avoid costly mistakes.
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