Business Income Tax Update: What the One Big Beautiful Bill Means for 2025

The One Big Beautiful Bill Act (OBBBA) introduces sweeping business tax changes for the 2025 filing season. This 4-hour course delivers a focused, practical update on how the new law impacts corporations, partnerships, LLCs, and sole proprietorships. From rate structure changes to deduction limits and credit expansions, this session ensures you’re equipped to apply the 2025 business provisions accurately and effectively.

Whether advising clients or preparing returns, this course offers a condensed but complete overview of OBBBA’s impact on business taxation. Learn how the latest law affects entity choice, planning opportunities, and compliance across multiple business types, all with a clear focus on practical application for the current filing year.

Webinar Objectives

At the end of this course, you will be able to:

• Identify 2025 business tax law changes under OBBBA
• Apply revised corporate and pass-through tax rates
• Evaluate the new rules governing Section 199A deductions
• Analyze updates to depreciation, expensing, and capitalization limits
• Determine how new small business credits and incentives apply
• Recognize payroll, fringe benefit, and employment tax changes
• Integrate planning strategies to optimize business income reporting
• Communicate legislative changes effectively to business clients and colleagues

Webinar Highlights

• Key business provisions of the One Big Beautiful Bill Act (OBBBA)
• Corporate and pass-through rate and deduction updates
• Section 199A and related entity-level implications
• Depreciation and Section 179 expensing limits
• Business credit expansions and phaseouts
• Meals, entertainment, and fringe benefit revisions
• Partnership and S corporation reporting changes
• Payroll, FICA, and employment tax adjustments
• Planning considerations for 2025 and beyond

Who Should Attend

CPAs, EAs, and other tax professionals