UMB has reviewed business planning considerations following the One Big Beautiful Bill Act, signed into law on July 4, 2025. Its September 2025 overview addresses business owners and operators, including those planning a company transfer.

The bank identifies gift and estate tax provisions, research and development expenses, bonus depreciation, qualified small business stock and opportunity zones among the areas to discuss with tax advisers.

Business succession is part of that discussion. UMB notes that the implications can depend on how ownership is passed to another person or organization.

The overview also highlights industry-specific changes affecting renewable energy projects. IRS guidance confirms that the law changed several energy credit and deduction provisions.

Alongside the legislation, UMB recommends reviewing payables, cash flow, budgets, exit planning and fraud prevention. These are presented as continuing financial management decisions that may need to be revisited when circumstances change.

The bank’s guidance connects the legislation with individual business plans rather than prescribing one approach for every owner. It recommends examining the relevant provisions with advisers who understand the company and its intended transactions.