Description

Business strategies for 2026 are based on important tax changes made in the One Big Beautiful Bill Act (OBBBA). There are a number of important business tax changes that can be used to develop tax planning strategies that have great advantages for businesses and their owners. This program covers many important business tax changes and the implications for tax planning founded on them.

Instructor: Mike Tucker, Ph.D., LL.M., J.D., CPA

Target Audience

Accounting and finance professionals who anticipate advising business clients in 2026 regarding strategies to reduce or eliminate federal income taxation

Course Objectives

Alert business clients to legislative changes enacted in 2025 that would impact them in 2026 and later

Advise business owner clients on adopting tax planning strategies that would reduce their tax liability for 2026 and later

Subjects

Lower marginal tax rates made permanent

New, more generous depreciation rules for bonus and Section 179

Qualified production property and bonus depreciation

Full expensing of domestic research and experimental expenditures

Rev. Proc. 2025-28 and options for small taxpayers

Taking advantage of the QBI deduction

Taking advantage of the SALT cap and the pass-through entity tax

Form 1099 reporting changes

Deducting business interest and business losses

Taking advantage of the new Section 1202 tax regime

Prerequisites

A basic understanding of the tax rules relating to individual income tax