Tax Season Is Every Season (If You Want to Build Real Wealth)
Most entrepreneurs think about taxes once a year—right around the time they’re scrambling for receipts and bracing for impact. But here’s the truth: if you’re only thinking about taxes in April, you’ve already missed the biggest wealth-building opportunity of the year. April is for reporting.
The real gains happen when you shift to year-round strategic planning.
At Breakaway, we see this all the time: business owners with six-figure profits who are unknowingly tipping the IRS 5-6 figures in unnecessary taxes. Not because they’re careless—but because they’re reactive.
Let’s flip the script.
This email is the first of a series that will go through the tax strategies that every entrepreneurs need to know.
To get started, let’s review OBBBA (One Big Beautiful Bill Act) and the tax strategies it provides to entrepreneurs like you:
Full Asset Depreciation is Back:
Thanks to the OBBA, 100% bonus depreciation is back on the table—for good.
That means if you buy things like computers, office furniture, machinery, or vehicles (that qualify), you can write off the entire cost in the year you buy and use it, instead of slowly depreciating it over 5–7 years. What’s the benefit? More money in your pocket this year to help you make more investments in your business and to build wealth.
What this means for you:
- Buy qualifying equipment in 2025? Deduct the full amount this year.
- Need a new work truck? You may be able to write off the whole thing.
- Upgrading tech for your team? That’s an immediate deduction, not a multi-year headache.
- Get your full deduction earlier to free up cash for more investments.
R&D Write-Offs are Back – No More 5-year Amortization
Starting in 2025, businesses can fully deduct their U.S.-based research and development (R&D) expenses and calculate their credit on the entire amount immediately, rather than spreading the deduction over five years.
This is huge for founders investing in:
- New product development
- Software or app creation
- Process improvement or automation
- Any innovation that involves testing, experimentation, or problem-solving
What this means for you:
- Spend $100k on domestic R&D in 2025? You get a $100k deduction that year, not a $20k/year drip.
Opportunity Zones Are Now Permanent—With Even Bigger Tax Perks
If you’re sitting on capital gains, the Opportunity Zone (OZ) program just became one of the most powerful long-term tax tools in your wealth-building playbook.
Thanks to the new tax law, OZs are now permanent, and the benefits just got better.
Here’s what you need to know:
Originally set to expire in 2026, the OZ program now runs indefinitely. That means:
- Restarting in early 2027, you will be able to use Opportunity Zone investment to defer large capital gains.
- The deferral is now set at a flat 5 years, meaning that you won’t have to pay taxes on this original capital gain until 5 years after you earned it.
- If you hold the investment long enough, you will get a reduction in capital gain and its tax by increasing your cost basis on the asset you sold.
- If you hold the QOZ investment for more than 10 years, the new investment is capital gains tax-free.
What This Means for You
- If you’re sitting on a potential big capital gains, you may want to wait to sell it until OZs get restarted again.
Sell Your Startup Stock—Pay Zero in Federal Capital Gains Tax
Starting in 2025, Section 1202 just got a major upgrade—and it’s a huge win for founders, early employees, and startup investors.
If you own Qualified Small Business Stock (QSBS), you could now be eligible to exclude 100% of your capital gains, no matter when you acquired it.
Here’s what changed and why it matters:
- Higher Cap = Bigger Tax-Free Exits
- The capital gains exclusion moved from $10M to $15M
- No need to wait 5 years to sell
- You are now able to get a partial exclusion if you held the stock for at least 3 years.
What This Means for You
You may want to review your business structure as soon as possible if you are intending to exit the business in the next few years.
The Bottom Line: Stop Playing Catch-Up with the IRS
If you’re serious about building wealth, April is too late.
The updated tax code is no longer just a compliance checklist—it’s a strategic playbook for entrepreneurs who want to keep more of what they earn, reinvest with confidence, and scale faster.
The One Big Beautiful Bill Act (OBBBA) has created real, tangible tax advantages—from full expensing of assets and R&D, to long-term wealth opportunities through Opportunity Zones and QSBS. But none of it matters if you’re only looking backwards.
Wealth-building isn’t seasonal—it’s intentional.
This is just the beginning. Over the next few weeks, we’ll break down more high-impact strategies that can reduce your tax bill, increase your cash flow, and position you for long-term success.
Let’s build a proactive tax strategy that works as hard as you do.
IMPORTANT DISCLOSURES:
Educational use Only. The market insight published by Breakaway Financial Group LLC (“Breakaway”) is intended to be educational in nature and is not intended to be a recommendation for any specific investment product, strategy, plan feature, or other purposes. Accordingly, it should not be construed by any consumer and/or prospective client as a solicitation to effect or attempt to effect transactions in securities or the rendering of personalized investment advice for compensation.
Advertising and Marketing. Communications such as this are not impartial and are provided in connection with advertising and marketing. This material does not suggest a specific course of action or any action at all. Prior to making any investment or financial decisions, an investor should seek individualized advice from a personal financial, insurance, legal, or tax professional that takes into account all of the particular facts and circumstances of an investor’s own situation. No person associated with Breakaway Financial Group is a licensed attorney, and the information contained herein should not be considered legal advice.
