Hosted by Allen Gregory of TaxOps, this interactive think tank—part of the COCPA Hot Topics series—is designed for tax professionals and business advisors to explore the practical business tax implications of the newly enacted OBBBA. Unlike a lecture or webinar, this is a collaborative roundtable encouraging active participation and strategic discussion.

COCPA Hot Topics: One Big Beautiful Bill Act Think-Tank – Business Tax

Monday, August 25 | 12:00 – 1:00 pm MDT

The recently enacted One Big Beautiful Bill Act (OBBBA) introduces changes to the U.S. tax code that require planning for businesses and tax professionals alike. Led by Allen Gregory of TaxOps, this interactive think-tank dives into the most significant provisions impacting federal and corporate taxation. From immediate expensing for R&D costs to interest expense limitations and permanent §199A deductions, this session will unpack the practical implications and planning opportunities these changes create. Whether you advise business clients or manage corporate tax strategy, join the discussion for actionable insights to navigating the OBBBA landscape.

Learning Objectives

  • Explain key business provisions of the OBBBA
  • Analyze impact of new R&D expensing rules under §174A and identify opportunities for retroactive application
  • Evaluate changes to interest expense limitations under §163(j) and their implications for highly leveraged businesses
  • Apply the permanent §199A pass-through deduction rules to maximize tax planning for eligible businesses
  • Review planning steps, including method changes, amended returns, and IRS guidance monitoring

Presenters

Allen Gregory, Director of Corporate Tax, TaxOps

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