Events

In case you missed our webinar on the One Big Beautiful Bill Act, please click here to access the recording.

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act of 2025 (“OBBB”) into law. Many changes will have a significant impact on the A&E industry, including restoring full expensing of domestic research and experimental (R&E) expenditures in the year incurred under the new Code Section 174A, extension of the 20% Qualified Business Income Deduction (QBI), PTET regimes, and much more. In this session, we covered both business and personal tax implications—helping you understand how the bill affects your company’s and personal tax strategy.

Our panel of seasoned tax professionals translated complex legislative language into practical takeaways, highlighting both risks and strategic opportunities to develop a coherent tax strategy in the months and years ahead.

Topics included:

• Section 174 R&D Expenditures
• SALT Limitation and Pass Though Entity Tax (PTET)
• Bonus Depreciation
• Qualified Business Income Deduction (QBI)
• Excess Business Loss Limitations
• Estate and Gift Planning Exemption
• Elimination of the 179D Energy-Efficient Commercial Buildings Tax Deduction

There is a wealth of information surrounding this topic, and the implications of the law change can be nuanced and far-reaching. For our most recent updates on the One Big Beautiful Bill Act, please visit our One Big Beautiful Bill Resource Center.