WEBINAR - How Beautiful Is the One Big Beautiful Bill? Understanding Major Tax Law Changes - Nicholas L. Shires, CPA, Parter-in-Charge of Tax Services Kaitlyn H. Axenfeld, CPA/CFF, CFE, Audit Partner-

Description

Presented by: DANNIBLE & MCKEE, LLP

With the passage of the One Big Beautiful Bill Act (OBBBA), contractors are facing a new landscape of tax regulations and compliance obligations. This comprehensive tax reform package includes significant changes to deductions, credits, reporting requirements and enforcement timelines. In this webinar, our experts will break down the key provisions of the OBBBA that are most relevant to contractors, helping you understand what’s changed, what’s at stake and how to proactively prepare. Additionally, will address financial statement reporting considerations related to the OBBBA, reporting clarification and changes for the coming year. Join us for our complimentary webinar, How Beautiful Is the One Big Beautiful Bill? Understanding Major Tax Law Changes. In this session, we will cover:

1. Key changes to individual taxation, including updates to income thresholds and allowable deductions.

 2. New limitations and phase-outs for Section 179 expensing and bonus depreciation.

 3. Significant modifications to IRC Section 174, including capitalization and amortization requirements for R&D expenses.

 4. Updates to a wide range of business and individual tax credits, including eligibility and compliance considerations. 

5. Explore how the key provisions of the OBBBA will impact financial reporting and planning.