A Message for Our Hawaii Business Community
Aloha! Big changes are coming to federal tax laws in 2025 thanks to the new One Big Beautiful Bill Act of 2025 (OBBBA). These updates are designed to make it easier and more rewarding to grow your small business right here in Hawaii.
Here’s a simple guide to what’s new and how these changes can benefit your business and your family.
- Instant Savings on Equipment and Supplies
In 2025, you can now deduct the full cost of big purchases—like equipment, computers, or tools—as soon as you buy them. This is called bonus depreciation and it’s now a permanent rule.
What does this mean for Hawaii businesses? More cash flow in the year you invest in new tools or facilities, helping your business grow faster with less tax burden.
- Tax Relief on Overtime and Tips
If your employees work overtime or earn tips, the new law offers a special deduction starting in 2025 to reduce taxes on that extra income.
Why is this important? For Hawaii restaurants, retail shops, and service businesses, it means more support when your staff earns additional wages.
- Support for Families and Older Employees
The new law makes it easier for families in Hawaii to qualify for tax credits related to childcare. It also introduces a tax deduction to help older taxpayers with their expenses.
Benefit to you: Lower taxes for family caregivers and seniors, giving you more money to reinvest locally.
- Simplified Personal Tax Picture
While the personal exemption deduction is no longer available for most, older taxpayers in Hawaii now receive a special deduction. Files are simpler, and you can still benefit from credits if you qualify.
- Encouraging Local Growth and Investment
The law rewards small Hawaii businesses that invest in new property or equipment, making it easier to expand your operations without excessive taxes.
How Can AIS Help You?
Understanding these federal changes can seem overwhelming, especially with the many demands of running a business in Hawaii. AIS Firm is here to help! We can guide you to maximize these new benefits, keep you compliant with laws, and help you keep more of what you earn.
Mahalo for Doing Business in Hawaii
2025’s new tax laws are a positive step for local businesses like yours. Take advantage of these opportunities to grow, invest, and succeed in Hawaii’s unique economy.
Contact AIS Firm today to see how these changes can work for your Hawaii business. We’re committed to supporting your success!
