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On-demand Webinar:

The One Big Beautiful Bill Act (OBBBA)

Reimagining Business Accounting for a New Tax Era

    Agenda

    • The Big Picture: What does OBBBA mean for business accounting?
    • Legislative intent and political momentum
    • Tax modernization themes: simplification, automation, and incentive targeting
    • Why accounting is at the center of navigating what’s next
    • The 6 Most Transformative Accounting Changes Under OBBBA
    • 1099-K and 1099-NEC/MISC threshold increases → changes in vendor and contractor reporting flows
    • Bonus depreciation extension → impact on fixed asset tracking and CapEx planning
    • R&D expense deduction reinstatement → potential software or workflow changes in expense coding
    • Pass-through deduction (199A) & QSBS enhancements → entity structure evaluations
    • Estate & gift tax exemption updates → relevance to ownership transfers and succession planning
    • New and revised deductions that impact forms & workflows:
      1. Qualified overtime deduction: changes to W-2 wage reporting, payroll categorization
      2. Tip deduction mechanics: clarification on IRS treatment and withholding flows
      3. Retirement income exemption: impact on employee benefits reporting and possible payroll flagging
      4. Automobile interest deduction for U.S.-made vehicles: potential emergence of a new Form 1098 variant
    • Form Updates & Reporting Realities: What Changes, What’s Coming
    • Are W-2 and 1099 layouts about to shift?
    • How will tips, qualified overtime, and retirement deductions be tracked and disclosed?
    • Could the IRS introduce a new Form 1098 for vehicle interest reporting?
    • Practical examples of what this will look like inside accounting software and reporting tools
    • Preparing with Precision: Compliance & Strategic Opportunity
    • What to audit in your current chart of accounts and form mapping
    • Cross-functional checklists for payroll, tax, and vendor management teams
    • Strategic tax planning under new deduction frameworks

    Description:

    The One Big Beautiful Bill Act is more than just tax reform—it’s a fundamental shift in how businesses report, plan, and comply. Join us for a high-impact session where we unpack the top 5 changes under OBBBA, including updated 1099 thresholds, bonus depreciation, R&D expensing, and more. From accounting firms to the gig economy, construction, education, and health sectors, we’ll explore what this legislation means for your books, systems, and strategy—and how to stay ahead of the 2026 compliance curve.

    Speaker

    Jeffery Cronin

    (Chief Strategy Officer, Zenwork)