Tax Law Update: Business Income and Federal Individual Tax Changes Explained

1. 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

2. Federal Individual Tax Update: What the New Law Means for 2025

The One Big Beautiful Bill Act (OBBBA) brings sweeping changes that apply to the 2025 filing season, and this 4-hour course delivers critical updates for individual filers. Designed as a practical and timely 1040 update, it focuses on the new rules shaping 2025 tax returns, including rates, credits, deductions, and key planning strategies under the new law.

Whether you are preparing returns or guiding clients, this session provides condensed but comprehensive insight to help you apply OBBBA changes effectively for the 2025 filing year. This course is ideal for professionals who need an efficient and relevant update without missing essential changes.

Webinar Objectives

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

• Prepare Form 1040 based on 2025 tax law changes
• Identify updated tax rates, brackets, and standard deduction amounts
• Apply revised rules for key credits, including the Child Tax Credit and EITC
• Address changes to income inclusion and exclusions
• Recognize updated rules for itemized deductions
• Analyze changes to QBI and relevant individual tax provisions
• Recommend year-end strategies aligned with the new law
• Communicate legislative changes effectively to clients and teams

Webinar Highlights

• Key provisions of the One Big Beautiful Bill Act (OBBBA)
• Tax rate and bracket changes
• Standard and itemized deduction updates
• Credit revisions: Child Tax Credit, EITC, and others
• Income phaseouts and thresholds
• QBI considerations for individuals
• Health-related and ACA tax updates
• Year-end planning strategies for 2025

Who Should Attend

CPAs, EAs, and other tax professionals