BE Informed
BE Informed brings practical accounting, tax, audit, and consulting insights directly to business owners and finance professionals. Hosted by Brown Edwards, CPA, each episode offers clear, accessible guidance on essential financial topics that impact your business. From explaining tax regulations to discussing effective financial management strategies, we provide straightforward advice to support your decision-making.
All Episodes
One Big Beautiful Bill: 100% Bonus Depreciation & Major Tax Breaks for Businesses
In this episode of BE Informed, I dive deep into the essential business provisions of the One Big Beautiful Bill Act, passed on July 4th, 2025. Joined by fellow tax manager Kevin Forget, we break down the significant changes, particularly the permanence of 100% bonus depreciation and the substantial increase in Section 179 expensing limits. We also explore the introduction of a new code section, 168N, which offers a 100% deduction on real estate for qualified production properties, a game-changer for manufacturing clients. With insights on how these provisions can impact your business strategies, this episode is a must-listen for anyone navigating the complexities of tax compliance and financial planning in today's landscape. Tune in for valuable insights that could shape your financial future.
One Big Beautiful Bill: Residential Construction, Opportunity Zones & Low-Income Housing Tax Credits Explained
Tax experts Jacob Reeves and Kevin Forget break down key business provisions from the One Big Beautiful Bill Act (OB3) passed on July 4th, 2025. Learn about expanded completed contract methods for residential construction, permanent opportunity zone extensions with new rural incentives, and enhanced low-income housing tax credits. Essential updates for construction industry clients and real estate investors.
Business Interest Deduction Changes in the One Big Beautiful Bill Act | Tax Planning Insights
In this episode of BE Informed, I dive into the significant business provisions of the One Big Beautiful Bill Act, also known as OB3, which was enacted on July 4, 2025. Join me as I explore the reinstatement of EBITDA in calculating the business interest deduction, a change that offers more flexibility for leveraged companies. I also discuss the expanded definitions impacting motor vehicle and trailer dealerships, including new regulations regarding floor plan interest. Additionally, I highlight the implications of capitalizing interest under the uni cap rules, especially for those in construction. This episode is packed with vital information to help you navigate these changes effectively, ensuring you stay ahead in your financial planning. Tune in for essential insights that could impact your business strategy.
R&D Tax Deductions Under the One Big Beautiful Bill Act (OB3) - What Business Owners Need to Know
In this episode of BE Informed, I delve into the significant changes brought by the One Big Beautiful Bill Act (OB3), specifically focusing on R&D tax deductions that business owners need to understand. Joined by tax manager Kevin Forget, we explore how the new provisions allow small businesses to immediately expense their R&D costs, reversing previous amortization requirements. We discuss the implications for companies with gross receipts under $31 million and highlight planning strategies, including the option to file superseded tax returns. Don't miss this opportunity to learn how to maximize your deductions and potentially secure refunds for prior years. Tune in for essential insights that could impact your bottom line.