New Tax Law Guide and More Available on Small Business Solutions Hub
Earlier this month, the U.S. Chamber of Commerce released a two-page, step-by-step guide to help small businesses take full advantage of the 2025 tax laws under the “One Big Beautiful Bill Act.” This handy resource is now available through the Springfield Area Chamber of Commerce’s Small Business Solutions Hub, which also offers a growing library of business tools, educational programs, and connections to trusted local partners.
The opportunities in the new tax law include:
• A permanent 20% deduction on qualified business income (QBI).
• Full expensing for research/experimental costs (including retroactive refunds for some firms).
• Higher thresholds for Section 179 equipment write-offs.
• Expanded incentives for qualified small business stock investments.
• Employer-provided child care credits.
These provisions could mean real savings and new growth opportunities, but it’s important that business owners understand the details before diving in. Access the two-page guide created by the U.S. Chamber here, or find this and other small business tools on the Springfield Chamber’s Small Business Solutions Hub.
The Springfield Chamber offers a wealth of Small Business Solutions to support local business members at every stage of their journey. Through the digital hub, you’ll find:
• A Need to Know info center, consistently updated with topical information for small businesses.
• A network of local experts and partners ready to provide insight and guidance.
• A robust video library of past Small Business Solutions programming.
• Tailored business development contacts to help you navigate challenges as they come up.
Explore the guide and discover the full range of resources at the Small Business Solutions Hub webpage.
Become a Small Business Solutions Hub partner/investor! Call 541-746-1651 or e-mail Mary Ann Reilly.
About Small Business Solutions Hub
The Small Business Solutions Hub is a digital resource designed to connect small business Chamber members to a network of local experts and partners, business advising services, and a library of Chamber education tools. The hub will evolve to meet local needs with quarterly business education programming, and information from local investor partners. THANK YOU to our current SBSH investors: Kaiser Permanente (title sponsor); Chambers Construction; Eugene Area Radio Stations (EARS); Hershner Hunter LLP; Insights Research Lab, OCCU, and WaFd Bank.
