Business Consulting and Planning

OBBBA Introduces New, 100 Percent First-Year Depreciation Deductions For Manufacturers by Joseph C. Leuchter, CPA

Posted on September 11, 2025 by Joseph Leuchter

The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, brings significant tax benefits to domestic manufacturing companies. For example, the law restores taxpayers’ ability to fully write off domestic research and development (R&D) expenses in the year they are incurred. It also reinstates 100 percent special depreciation for a long list of new […]

Provisions of the One Big Beautiful Bill Act Impacting Tax-Exempt Organizations by Adam Cohen, CPA

Posted on September 09, 2025 by Adam Cohen

The July 4, 2025, enactment of the One Big Beautiful Bill Act (OBBBA) amends the tax code and its impact on not-for-profit entities. These include changes to charitable deductions and an extension of excise taxes on highly compensated employees and net investment income for private colleges and universities. Charitable Deductions The OBBBA retains charitable deductions […]

Podcast – BPB Knows Opportunity Zones in the OBBB

Posted on September 04, 2025 by Alex Keneiby

In this episode, Associate Director of Tax Services Alex Keneiby, CPA, shares updates to Opportunity Zones in the OBBB.

New Tax Law Makes Significant Changes to How Residential Real Estate Developers Recognize Revenue on Construction Contracts by Arthur J. Lieberman

Posted on August 28, 2025 by Art Lieberman

Among the various provisions of the new tax and spending bill is a significant change to the tax accounting method condo developers must use to recognize income, removing a significant irritant to developers’ cash flow and tax efficiency. Background Developers of single-family homes and townhouses historically had the option to use the complete contract method […]

International Provision of the New Tax Law Effective for Tax Years Starting in 2026 by Pedro Porras, CPA

Posted on August 19, 2025 by Pedro Porras

The One Big Beautiful Bill Act (OBBBA) modifies several international tax laws introduced in 2017 by the Tax Cuts and Jobs Act (TCJA), including a decrease in deductions and changes to the names of the Global Intangible Low-Taxed Income (GILTI) and Foreign-Derived Intangible Income (FDII) regimes. The following provisions are scheduled to take effect for […]

Energy Efficiency Tax Credits Phase Out Faster Than Planned Under New Tax Law by Adam Fisher, CPA

Posted on August 14, 2025 by Adam Fisher

The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, makes dramatic changes to prior tax laws that encouraged individual and business taxpayers to invest in clean energy solutions that reduce carbon emissions. In many cases, taxpayers have a very narrow window of opportunity to claim these credits that are expiring at a much […]

New Tax Law Makes Opportunity Zones Permanent by Alex Keneiby, CPA

Posted on August 13, 2025 by Alex Keneiby

The enactment of the One Big Beautiful Bill (OBBB) redefines and makes permanent the Qualified Opportunity Zone (QOZ) program introduced in 2017, ushering in new tax benefits for a broader range of qualifying investors. Background The Tax Cuts and Jobs Act (TCJA) introduced the concept of Qualified Opportunity Zones (QOZs) to help incentivize private investment […]

Qualifying as a Real Estate Professional Can Yield Greater Tax Benefits for Property Owners, Investors by Alex Keneiby, CPA

Posted on July 30, 2025 by Alex Keneiby

Real estate has always been a reliable investment for diversifying one’s portfolio, hedging against inflation and creating a steady stream of passive income from an asset with potential long-term appreciation. Property ownership and management also come with an array of tax advantages that can reduce taxable income and even enable the deferral of capital gains […]

Differentiating Business Losses from Hobby Losses for Greater Tax Savings by Steven Rubin, CPA

Posted on July 24, 2025 by Steven Rubin

No matter how much income you earn each year, the IRS wants to know. This includes all the earnings you generate from a part-time gig selling products or services, pursuing a hobby or passion project, or as a full-time content creator or social media influencer. However, how the IRS will treat those activities – as […]

Podcast – BPB Knows the One Big Beautiful Bill

Posted on July 17, 2025

In this episode, Director of Tax Services Mike Greenwald, CPA, shares information about the OBBB and why planning is so important. To attend the July 31 webinar, register here.

Category: Business Consulting and Planning