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 Act: Key Business Tax Provisions Explained
Join tax experts Jacob Reeves and Kevin Forget from Brown Edwards & Company as they break down important business provisions in the One Big Beautiful Bill Act (OB3), passed July 4th, 2025. Learn about changes to paid family medical leave credits, excess business loss limitations, corporate charitable contribution floors, and other tax provisions affecting businesses and business owners.
Tax Cuts and Jobs Act Extensions: What the "One Big Beautiful Bill" Means for You
In this episode of BE Informed, I dive into the implications of the Tax Cuts and Jobs Act (TCJA) extensions as outlined in the recently passed "One Big Beautiful Bill." Join me as I break down key provisions impacting individual and estate taxes, including the permanence of individual tax rates and increased standard deductions. Discover how these changes will affect your financial planning, from mortgage interest deductions to casualty loss limitations. I also discuss the implications of student loan discharge exclusions and what they mean for taxpayers. Whether you're a seasoned professional or navigating tax concerns for the first time, this episode offers valuable insights to help you understand how these legislative changes might benefit you. Tune in for a clear and informative discussion.
Estate & Gift Tax Changes and SALT Cap Update: What the One Big Beautiful Bill Means for You
Brown Edwards tax experts Jacob Reeves and Marie Wimmer break down key provisions from the One Big Beautiful Bill (OB3), including the permanent increase of the estate and gift tax exemption to $15 million and the temporary expansion of the SALT cap to $40,000 through 2029. Learn how these changes may impact your tax planning and what pass-through entity owners need to know about state tax workarounds.
OB3 Tax Changes: Charitable Deductions & QBI Deduction Explained
In this episode of BE Informed, I dive into the significant tax changes stemming from the One Big Beautiful Bill, focusing on charitable deductions and the Qualified Business Income (QBI) deduction. Join me as I explain how, starting in 2026, taxpayers who take the standard deduction will be able to deduct up to $1,000 for singles and $2,000 for joint filers in charitable contributions, a move aimed at enhancing charitable giving. I also cover the permanence of the 60% charitable contribution ceiling and the new $1,700 tax credit for educational scholarships. Additionally, I discuss the extended QBI deduction, its implications for pass-through entities, and the increased phase-out thresholds for specified service trades. Tune in for crucial insights that will help you navigate these changes effectively.