Prospera Strategy Boutique Accounting Firm Logo

The 2025 HIRE Act: What Business Owners Need to Know Now

Are You Trusting Financial Advice That’s Costing You Thousands? The painful truth about outdated tax strategies Most entrepreneurs are blindly following advice they saw online or heard from a friend — without realizing it could actually cost them more money in taxes and lost opportunities. Stop falling for myths and start making decisions backed by real strategy In this episode, Caitlynn and Seanna pull back the curtain on the latest tax changes, reporting rules, and financial strategies that business owners need to understand now — before they get hit with surprise bills or miss major planning opportunities.

In this episode, Caitlynn and Seanna unpack the newly introduced 2025 Hire Act—a proposed bill that aims to penalize businesses that outsource services overseas. While it sounds like a move targeted at big tech, it could impact your business too, especially if you work with overseas VAs, designers, or support staff.

We break it down in plain English:

  • What the Hire Act actually says (no legalese, promise)
  • Who qualifies as a “foreign worker” under the bill
  • How the proposed 25% excise tax and loss of deductions could hit your bottom line
  • Why this bill might affect contractors, not just employees
  • The timeline for possible enforcement (hint: January 2026 is closer than you think)
  • Why your next hire might need to stay stateside—and how to plan for that
  • Why now is the time to model out worst-case hiring costs before it’s too late

This is not a political conversation. It’s a financial one. Whether the bill passes or not, it’s got enough momentum to warrant a serious look at your hiring plans as we head into year-end planning season.

Considering hiring in 2026 or beyond? Book a call today and we’ll help you model out your options so you’re not caught off guard.

Psst...

Want our 5 favorite tax tips?

We know everyone isn't quite as nerdy about numbers like our team, but some of our most frequently asked questions tend to be about taxes. So we want to share our faves. Enter your email below, and we'll send them over!