The signature legislation of President Donald Trump’s administration passed by Congress this summer made a number of tax changes, and one national small business advocate wants to help entrepreneurs capitalize on them. 

The U.S. Chamber of Commerce recently released its Small Business Guide to New Tax Law, a brief checklist of five provisions of the so-called Big Beautiful Bill that will benefit small business. 

The provisions apply to various aspects of business operations: 

• Now permanent annual 20% qualified business income deduction. 
• Heightened limits to deduct the cost of new equipment or software. 
• Deduction of 100% of qualifying research and experiment expenses. 
• Hundreds of thousands of dollars in tax credits for businesses providing child care to employees. 
• Increased capital gains on the stock of qualifying small C corporations held for more than five years. 

“This practical tool underscores the chamber’s ongoing commitment to supporting small businesses by providing timely and relevant resources,” the Washington Retail Federation said in a release.