2025 Fall Newsletter
September 5, 2025
Bill-ieve It or Not: More OBBB Updates
The One Big Beautiful Bill Act (OBBB) is still making waves, and we’ve rounded up the latest updates so you don’t have to dig for answers. Our OBBB resource hub is your go-to spot for fresh insights and planning tips. We’ve added five new articles since our last update, because when it comes to tax law, staying current is always a smart deduction.
Most recent articles:
- Impact of the Section 174 Fix on Tax Strategy
- Opportunity Zone Program Updates Under the One Big Beautiful Bill
- State and Local Tax Deduction and Pass-Through Entity Tax
- Accelerated Depreciation (and What Changed in 2025)
- Itemized Deductions Update
Visit the hub here: H.R. 1, the "One Big Beautiful Bill Act"
Check Out: Paper Payments Bounce by Sept. 30
Paper checks are going the way of the dinosaur. Under Executive Order 14247, the U.S. Treasury and IRS will require all federal payments, refunds and taxes alike, to be electronic by Sept. 30, 2025. Accepted methods include direct deposit, debit or credit cards, digital wallets and more. Limited exceptions may apply, but taxpayers should act now to set up secure electronic options and verify banking details. Read more here.
Webinar: Decoding the One Big Beautiful Bill for Manufacturers
Changes are here, and manufacturers can’t afford to miss this. If you couldn’t join us live for the first session in our OBBB webinar series, you can still catch up. In this 30-minute session, we break down the OBBB and what it means for your business. From R&D updates to bonus depreciation and energy credits, we cover the strategies you need to stay ahead and plan with confidence.
Topic: 2025 Tax Reform: Decoding the “Big Beautiful Bill” for Manufacturers
Recorded on: Tuesday, Aug. 26, 2025
Watch the recording here: Recording
Save the date and register for our next webinars:
Sept. 30, 11:30 a.m. CDT: R&D in the Wake of Reform: What the New Law Means for Credit Claims, Compliance & Strategy
Nov. 4, 11:30 a.m. CDT: Depreciation Decisions That Deliver: Leveraging the OBBB for Bonus, Energy and Beyond
Don’t Leave Money on the Table: Incentives for Companies Making Location Decisions
Real estate never slows down. Neither should your incentive strategy.
In today’s fast-paced real estate market, facility and hiring decisions happen quickly. But if incentives aren’t part of the conversation before the deal is done, your business could be leaving money on the table.
Honkamp’s location advisory services help businesses capture economic incentives and maximize value when choosing where to expand, relocate or invest. If you’re planning any of the following, now is the time to act:
- Adding 25+ jobs over the next five years
- Buying, leasing, expanding or building a facility in the next 12 months
- Merging with or acquiring another business
- Purchasing more than $1 million in new equipment
- Relocating operations
- Expanding a plant or office
- Training new employees
These moves can unlock major incentives, but only if you act early. Reach out to your Honkamp account manager to explore how we can support your next move.
Turning SALT into Savings
$150,000—that’s what our state and local tax (SALT) team helped a manufacturer keep in their pocket by leveraging a key sales tax exemption. When it comes to audits and appeals, we know the rules and how to make them work for you. Curious what exemptions you might be missing? Check out our article 7 Sales Tax Exemptions Every Manufacturer Should Know and let’s talk about how we can help you do the same.
Building Buzz: The Economy’s Under Construction
The most recent economic newsletter for the construction industry is packed with insights shaping the construction and manufacturing landscape. From tariff turbulence and raw material price swings to labor shortages and credit tightening, the industry is navigating choppy waters. Nonresidential construction remains strong, but looming deadlines tied to the One Big Beautiful Bill could spark a race to break ground. Add in housing market headwinds and supply chain uncertainty, and it’s clear the second half of 2025 will be anything but boring. Check out the economic newsletter here.
Storm Clouds, Silver Linings
The IRS has announced tax relief for individuals and businesses in parts of Missouri affected by severe storms that began March 14, 2025. Taxpayers in designated counties now have until Nov. 3, 2025, to file certain federal returns and make payments. This includes extended deadlines for 2024 individual returns, estimated tax payments, and various business filings. Get the details and find out if you qualify: Missouri storm victims get IRS tax relief - deadline extended
Leading the Way in CAS
We are happy to announce that Honkamp Shareholder Laura Hoss, CPA/PFS, MAcc, has been named leader of our client accounting services (CAS) line. With more than 20 years of experience across multiple industries, Laura brings deep expertise and a passion for helping businesses streamline financial operations. From outsourced accounting to advisory support, our CAS team empowers clients to focus on growth while we handle the details. Learn more about our CAS services here.
Proud to Partner with You
At Honkamp, we’re grateful for the trust you place in us. Our goal is simple: to provide an exceptional client experience and deliver real value, and we believe we do that through who we are. We’re more than accountants; we’re partners committed to your success. Here’s what defines us:
- Community-focused: We’re not just part of the community—we’re helping build it every day.
- Relationship-driven: Our work is about more than numbers; it’s about building lasting partnerships.
- Forward-thinking: We identify trends and strive to stay ahead as early adopters.
- People-centric: Our greatest pride comes from growing alongside our people.
- Specialists in our fields: Simply put, we know our stuff and work tirelessly to deliver the best for you.
Have any questions, comments, joys or concerns? We have a dedicated client experience coordinator, Kate Arnold, who oversees client experience at Honkamp. For feedback of any kind, reach out to Kate through our form: We Value Your Feedback
Celebrating Excellence, Showcasing Talent
We’re proud to share recent achievements that highlight our commitment to excellence and the incredible talent driving Honkamp forward!