In a recent article on InsuranceNewsNet titled “Why aligning wealth and protection strategies will define 2026 planning”, HUB’s Dennis Bielik, Executive Vice President, Private Wealth, shared his perspective on how the One Big Beautiful Bill Act (OBBB) is reshaping tax strategy for high-net-worth individuals and business owners — and why coordinated wealth and protection planning will define successful 2026 strategies.
When Congress passed the OBBB in July 2025, the sweeping legislation made several major tax provisions permanent and introduced new tax-relief measures aimed to appeal to both households and business owners – promising stability.
But as Dennis notes, that stability arrives against a challenging fiscal backdrop — one shaped by persistent federal deficits, looming pressure on entitlement programs like Social Security, and elevated borrowing costs. In this environment, policy and planning are converging.
Dennis frames the OBBB as a structural reset rather than a simple extension of past tax cuts. For high-net-worth individuals and households, the provisions shift attention away from estate transfer strategies and toward active income timing, liquidity management and reinvestment.
For entrepreneurs, Dennis summarizes a few advantages the OBBB introduces, including a permanent 20% Qualified Business Income deduction, tax deductions for expansion, and the establishment of rolling Qualified Opportunity Zone programs.
For business owners in particular, the law creates a meaningful — but time-bound — window to convert tax efficiency into long-term resilience by strengthening balance sheets, building contingency reserves and integrating risk management with tax and investment planning.
The takeaway, Dennis explains, is that the OBBB has delivered real tax relief for business owners and high-net-worth individuals — but stability isn’t the same as certainty. Wealth advisors can help their clients “strike the right balance between growth and protection, funding new opportunities while building buffers that preserve enterprise value when conditions tighten.”
“Policy and the OBBB may have delivered stability, but not certainty. The most effective 2026 planning will align business growth, personal wealth and protection strategies, ensuring tax efficiency, liquidity and resilience all move in sync.”
– Dennis Bielik, Executive Vice President, Private Wealth
When you partner with HUB, you’re at the center of a vast network of risk, insurance, employee benefits, retirement and wealth management specialists that bring clarity to a changing world with tailored solutions and unrelenting advocacy. HUB advisors can help business owners and high-net-worth families striving to turn today’s tax efficiency into tomorrow’s financial strength. Find a HUB Advisor or Contact Us today to begin building a coordinated plan for 2026 and beyond.
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