With the “Big Beautiful Bill” now enacted into law, sweeping tax changes are officially underway—impacting provisions critical to year-end planning, entity strategy, and client advisory services. CPAs and tax professionals must act quickly to understand how these updates affect their clients across industries.
Host TJ Sponsel is joined by Keith Habel, CPA/PFS, a shareholder at Honkamp, to discuss how manufacturing firms can navigate tax strategies in 2025.
Just days after the latest tax legislation—informally dubbed the “Big Beautiful Bill”—was signed into law, significant planning opportunities are already emerging. With provisions impacting bonus depreciation, Section 179 expensing, and the long-awaited fix to Section 174, CPA firms should begin evaluating client strategies now to ensure compliance and maximize benefit.
Host Dave McGuire and Jerry Hammel, CPA, break down the newly signed “Big Beautiful Bill”—including the return of 100% bonus depreciation and critical updates to Section 174—and what CPAs should do now to prepare their clients.
Explore the Senate’s proposed fixes to Section 174, permanent bonus depreciation, and what these changes could mean for tax planning in 2025 and beyond.
McGuire Sponsel proudly announces it has been recognized with two prestigious honors from the Association for Accounting Marketing (AAM).
On May 22, the U.S. House of Representatives passed a wide-reaching bill titled the “One Big, Beautiful Bill Act” featuring broad tax reform.
Congress is advancing a sweeping tax bill that could restore full expensing for R&D under Section 174, reinstate 100% bonus depreciation, and make other long-awaited business tax changes—though its passage remains uncertain.
Hosts Dave McGuire and guest Jerry Hammel, CPA, discuss the first 100 days of the new administration and its impact on tax policy.
Hosts Justin Gephart and Dave McGuire discuss key legislative changes expected in the coming year and the impact of recent elections on tax legislation.
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With the “Big Beautiful Bill” now enacted into law, sweeping tax changes are officially underway—impacting provisions critical to year-end planning, entity strategy, and client advisory services. CPAs and tax professionals must act quickly to understand how these updates affect their clients across industries.
In this webinar, McGuire Sponsel’s Dave McGuire will walk through the key provisions of the newly signed legislation, highlight areas of alignment and divergence from earlier proposals, and offer guidance for navigating the next steps. From Section 174 amortization to bonus depreciation and energy credits, attendees will leave prepared to adjust strategies and advise clients with confidence.
Learning Objectives:
By the end of this webinar, attendees will be able to:
-Describe key provisions of the final tax reform legislation signed into law
–Understand updates to Section 174 amortization and the Research & Development Tax Credit
–Identify finalized changes to bonus depreciation and Section 179 expensing
–Evaluate modifications to federal energy credits and business incentives
–Prepare for proactive client conversations in light of new legislation
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