The One, Big, Beautiful Bill (OBBB) addressed the so-called “trifecta” package of business tax provisions: the expensing of research and development (R&D) costs under Section 174, computational changes to the interest expense limitation under Section 163(j), and the restoration of the 100% bonus depreciation deduction in the first year that certain property is placed in service. The qualified business income deduction under Section 199A would also be made permanent and modified slightly. Additional changes such as new deductions and technical modifications require further analysis to fully unpack tax-planning opportunities.
During this webinar, our legislative tax specialists discuss the business tax implications of the OBBB and what organizations should be considering both now and in the future.
Learning objectives:
- Understand how changes to the expensing of R&D costs under Section 174, computational changes to the interest expense limitation under Section 163(j), and restoration of the 100% bonus depreciation deduction could affect your tax planning.
- Identify tax-planning strategies to manage the changes in the OBBB and understand what areas may require additional analysis and discussion for your organization.
- Evaluate what new tax-planning opportunities may exist for your organization and determine applicable next steps.
For more information regarding program cancellation policies, please visit our webinar website or contact our offices at 248-352-2500.
Staff wishing to express complaints regarding this training should contact the Learning Team at 248-223-3881.
Plante & Moran, PLLC, is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417 or by visiting the website: nasba.org.
