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

Credit(s)

IRS CPE Credits: 4 Tax hour

The One Big Beautiful Bill Act (OBBBA) brings significant business tax changes that directly affect the 2026 tax filing season. This 4-hour course provides a clear, practical breakdown of how the new law applies to 2025 business returns for corporations, partnerships, LLCs, and sole proprietors. From rate adjustments to revised deduction limits and expanded credits, the session focuses on what matters most when preparing and reviewing returns this filing season.

Designed for professionals who advise clients or prepare business returns, this course delivers a streamlined but thorough look at OBBBA’s impact on business taxation. You’ll gain clarity on how the law influences entity choice, tax planning strategies, and compliance obligations across multiple business structures, with an emphasis on applying the rules correctly and confidently during the 2026 filing cycle.

Webinar Objectives

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

• Identify 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 2026 and beyond

Who Should Attend

CPAs, EAs, and other tax professionals