With the 2025 budget reconciliation bill now signed into law, a range of new tax and policy changes are set to take effect. This one-hour webinar will focus on how these changes may impact businesses, public entities, and advisors — and what steps to consider next.
Presenters will walk through key provisions and explain how they may affect tax planning, operations, and compliance. Topics include updates to the state and local tax (SALT) deduction cap, pass-through entity tax (PTET) programs, research and development (R&D) cost treatment, energy tax credits, and IRS enforcement of the Employee Retention Credit (ERC). The session will also cover the return of the EBITDA limitation and what it means for business financing.
What we'll cover:
- New SALT cap rules and how they interact with state-level PTET programs
- Changes to how businesses handle R&D expenses under Section 174
- Adjustments to clean energy tax credits and key September 2025 deadlines and planning requirements
- IRS enforcement changes affecting ERC claims
- Practical takeaways for tax planning and compliance going forward
- Various business tax provision updates