Tax Strategies Under H.R. 1: Navigating the New Era for Individuals and Businesses Agenda

7:55 a.m.

Opening remarks from PICPA leadership

8:00-8:50 a.m.

1-TaxThe One Big Beautiful Bill:  2025 Tax Legislation for Individuals 

• Understand the process that the House, Senate and Committees undertake in passing tax legislation
• Discuss the various provisions contained in the Big Beautiful Bill signed by the President on July 4, 2025
• Become knowledgeable about other implications of the One Big Beautiful Bill in addition to the tax reform provisions

8:50-10:30 a.m.

2-TaxOBBBA Changes and Tax Planning Strategies

• Identify key individual tax provisions in the OBBBA, including changes to SALT, senior deductions, small business stock exclusions, and 529 plan expenses
• Apply updated tax planning strategies for clients, such as Roth conversions, charitable deductions, and estate planning techniques
• Evaluate the impact of renewed Qualified Opportunity Zone investments and other incentives on client financial planning
• Develop actionable approaches to integrate OBBBA provisions into ongoing tax and financial planning for individuals

7:55 a.m.

Opening remarks from PICPA leadership

8:00-8:50 a.m.

1-TaxThe One Big Beautiful Bill:  2025 Tax Legislation for Businesses

• Understand the process that the House, Senate and Committees undertake in passing tax legislation
• Discuss the various provisions contained in the Big Beautiful Bill signed by the President on July 4, 2025
• Become knowledgeable about other implications of the One Big Beautiful Bill in addition to the tax reform provisions

8:50-9:40 a.m.

1-TaxResearch and Corporate Tax Credits Post-OBBBA — What’s Left, What’s Out, and How to Plan

• Explain key changes to corporate tax credits under OBBBA, including R&E deduction relief and modifications to clean energy, fuel, and manufacturing incentives
• Identify which credits remain available through 2033–2034 and evaluate eligibility restrictions related to foreign entities
• Apply updated rules for energy and advanced manufacturing credits to business tax planning and compliance
• Develop strategic approaches for timing construction starts and credit elections to maximize benefits before credit phaseouts

9:40-10:30 a.m.

1-TaxCorporate Tax Strategy in the OBBBA Era — Planning for a New Framework

• Analyze the impact of OBBBA provisions on corporate tax planning, including bonus depreciation, Section 179 expensing, and R&D deductions
• Evaluate key changes to Section 163(j) interest expense, the permanent QBI deduction, and their implications for business decision-making
• Assess international tax adjustments under OBBBA, including FDII, GILTI, and BEAT, and their effects on global operations
• Apply strategic planning insights to optimize entity structure, investment timing, compensation planning, and Qualified Opportunity Zone incentives