November 14, 2025 – Gregory J. Urban CPA, CVA recently authored a guest column in Business First of Buffalo and the Albany Business Journal.

The One Big Beautiful Bill Act:
Unlocking a New Era of Growth for American Manufacturing

The One Big Beautiful Bill Act (OBBBA or the Bill) is more than just legislation – it’s a game-changer for American manufacturing.  Across New York and beyond, companies are discovering that this sweeping act is opening doors to growth, innovation and long term competitiveness.  For many of our clients, firms that mirror the heart and soul of the manufacturing sector, these opportunities are sparking new conversations about how to maximize domestic production incentives, streamline operations through outsourced accounting and strengthen leadership through proactive succession planning.  The pace of change is fast, but for those who take the time to understand the Act’s powerful incentives, the rewards could reshape their future.

Key Income Tax Incentives Under the OBBBA

The One Big Beautiful Bill Act (OBBBA or the Bill), enacted in July 2025, is a sweeping $4.5 trillion tax reform package designed to revitalizing the American manufacturing industry.  The Bills’ numerous provisions are intended to spur capital investment, job creation, and onshoring of production.  In order to take advantage of the tax incentives, manufacturers should be aware of the significant challenges and opportunities provided under the Bill.  This article is intended to provide a high level overview of just a few of the key incentives manufactures should discussing internally and with their advisors.

At its core, the OBBBA is a pro-manufacturing initiative.  It makes permanent many of the expiring provisions from the 2017 Tax Cuts and Jobs Act.  Some of the most significant elements of the Bill for the manufacturing industry include the permanent restoration of 100% bonus depreciation and the reintroduction of immediate expensing for domestic research and development (R&D) costs.  These incentives offer manufacturers powerful tax-savings, cash flow enhancement and investment planning opportunities.  In addition, these provisions help simplify capital planning and encourage manufacturers to modernize operations without waiting years to recover costs through depreciation.  When thinking strategically about the OBBBA, manufacturers should reassess capital expenditure plans to take advantage of depreciation incentives and favorable environment for domestic R&D activities.  In addition to the deprecation and R&D incentives available, the Bill includes a significant expansion of tax credits for clean energy production.

The Strategic Advantage of Outsourcing Accounting

While the OBBBA offers income tax and other financial incentives, navigating its complexities requires deep understanding of the Bills’ provisions.  Many of our clients have come to the conclusion that outsourcing accounting functions drives strategic value as they attempt to maximize the cash flow benefits of the OBBBA.  Manufacturing businesses, especially small to mid-sized firms, often struggle to maintain in-house teams with the breadth of knowledge needed to interpret evolving rules and regulations, manage audits, and optimize deductions.  By outsourcing accounting, manufacturers gain access to specialized professionals who stay current on tax law changes like those introduced by the OBBBA.  This not only ensures compliance but also helps unlock the full value of available cash flow enhancement incentives.  Outsourced firms can provide scalable services—ranging from bookkeeping to CFO-level advisory—allowing manufacturers to focus on core operations like production and innovation.

Succession Planning: A Critical Priority

As the manufacturing sector modernizes, another pressing issue looms: succession planning.  Many manufacturing businesses are family-owned or led by aging founders.  Without a clear plan for leadership transition, these companies risk operational disruption, loss of institutional knowledge, and even closure.

Succession planning is not just about naming a successor—it involves developing future leaders, documenting processes, and aligning ownership structures with long-term goals.  With the OBBBA encouraging capital investment and expansion, manufacturers must ensure that leadership continuity is part of their growth strategy.

A well-executed succession plan also reassures investors, employees, and customers that the business is built for longevity.  It enables smoother transitions, preserves company culture, and supports strategic decision-making during times of change.

Conclusion

The OBBBA is ushering in a new era for American manufacturing, offering powerful incentives for domestic growth and innovation.  To fully capitalize on these opportunities, manufacturers should consider modernizing their internal strategies.  Outsourcing accounting functions can provide the financial clarity and compliance support needed to thrive under new tax laws, while succession planning ensures that leadership transitions don’t derail progress.  Together, these strategies position manufacturers for sustainable success in a rapidly evolving economic landscape.

For more information, contact Gregory J. Urban CPA, CVA at gurban@dopkins.com.

To read the article on the Business First of Buffalo website, click here.  

Dopkins & Company, LLP also offers comprehensive accounting, auditing and tax services, forensic accounting, outsourced accounting, as well as wealth management consulting, internal audit support and capital advisory services to privately held and public companies, not-for-profit organizations and individuals.

 

Dopkins is proud to be named a 2025 ‘Best of the Best’ Firm by Inside Public Accounting
Recognized for the second consecutive year as one of just 60 firms nationwide in its category.

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About the Author

Gregory J. Urban CPA, CVA

Greg’s main focus is on providing tax consulting, compliance and valuation services to privately held businesses and their owners. He has extensive experience advising clients on complex tax compliance issues, including tax credit optimization, mergers and acquisitions.