OBBA of 2025: Business Overview

Overview

THE ONE BIG BEAUTIFUL BILL IS NOW THE ONE BIG BEAUTIFUL ACT!!! (Signed into law on July 4, 2025!) This program provides a summary of the major business provisions of the OBBA of 2025 (H.R. 1), focusing on provisions that have been extended and/or made permanent without changes and those provisions which had major changes or are new for 2025 and beyond.

*Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to kori.herrera@acpen.com

Prerequisites

Basic knowledge of business taxation

Objectives

• Familiarize participants with business provisions of the OBBA of 2025
• Identify key compliance issues
• Discuss tax planning implications of OBBA of 2025

Highlights

• An overview of provisions of existing law extended or made permanent without substantial change, including qualified opportunity zones
• Provisions of existing law extended or made permanent with substantial change, including bonus depreciation, Sec. 179 immediate expense deduction, deduction of research and experimentation expenses, and cash method of accounting
• New law provisions applicable to businesses, including bonus depreciation of nonresidential real estate
• Repealed existing law, including the commercial clean vehicle credit and electric car charger credit