Don Farmer's One Big Beautiful Bill: What Tax Practitioners Need to Know

Overview

Tax legislation has never been a one-size-fits-all affair, and the latest sweeping bill is no exception. In this engaging and timely webinar, we’ll dissect the major provisions of the "One Big Beautiful Bill Act" and explore how they will impact individuals, businesses and practitioners alike. With new credits, phaseouts, thresholds and compliance mechanisms, it’s more important than ever for CPAs to understand the full picture.

We’ll walk through the bill’s headline-grabbing components as well as the less-publicized but equally critical changes that could catch clients off guard. From expanded green energy incentives to new reporting requirements, you’ll leave with a working knowledge of both planning opportunities and compliance traps. We’ll also discuss practical implementation timelines and how practitioners can proactively communicate these changes to clients.

Whether you're advising a high-net-worth individual, a closely held business or a large enterprise, this webinar will equip you with the essential tools to translate complex legislation into actionable guidance. Expect clarity, relevance and plenty of real-world application examples that you can immediately use in your practice.

Objectives

This course is designed to:

1. Identify and summarize the key provisions in the latest comprehensive tax bill and their potential impacts.
2. Apply new tax credits and deductions to relevant client scenarios, including energy incentives and expanded child tax provisions.
3. Evaluate changes to compliance requirements, such as reporting thresholds, filing deadlines and preparer responsibilities.
4. Interpret transitional guidance and implementation timelines to effectively plan for client engagement and tax strategies.
5. Develop proactive communication strategies to educate and prepare clients for the new legislative landscape.

Highlights

The major topics covered in this course would include:

• Federal Tax Legislation Updates
• Tax Credits and Incentives
• Phaseouts and Threshold Adjustments
• Compliance and Reporting Requirements
• Tax Planning Strategies
• Client Communication and Implementation
• Special Considerations for Specific Taxpayer Groups
• Real-World Applications and Case Studies

The course material includes: 

• A comprehensive reference manual. 
• A presentation deck. 

Designed For

CPAs and tax professionals seeking to stay current on the latest federal tax legislation.

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.