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
New Tax Deductions in 2025: Seniors, Tips, Overtime & Car Loan Interest Explained
In this episode of BE Informed, join me, Jacob Rives, as we delve into the new tax deductions set to take effect in 2025. We explore significant provisions from the One Big Beautiful Bill, including a $6,000 deduction for seniors aged 65 and older, and the introduction of a $25,000 deduction for qualified tips, designed to benefit service industry workers. Additionally, we discuss a new deduction for overtime compensation and the opportunity to deduct up to $10,000 in car loan interest for new vehicle purchases. Tune in for insights on eligibility criteria, income thresholds, and the temporary nature of these deductions, ensuring you stay informed and prepared for the upcoming tax landscape.
Education Tax Changes in the One Big Beautiful Bill: 529 Plans, Tax Credits & Student Loan Benefits
Brown Edwards tax managers Jacob Reeves and Marie Wimmer break down the major education-related tax provisions in the One Big Beautiful Bill. Learn about the new scholarship contribution tax credit, expanded 529 plan qualified expenses for K-12 and post-secondary education, and the employer student loan repayment exclusion up to $5,250.
One Big Beautiful Bill Act: Nonprofit & University Tax Provisions Explained
Tax experts Jacob Reeves and Kevin Forget break down the key nonprofit provisions in the One Big Beautiful Bill Act (OB3) passed July 4th, 2025. Learn about the new tiered endowment tax affecting private universities with large endowments and the expanded excess compensation tax on nonprofit executives. These changes take effect in 2026—find out if your organization is impacted.
Premium Tax Credit Changes in the One Big Beautiful Bill | What You Need to Know
Senior tax managers Jacob Reeves and Marie Wimmer break down the major changes to the premium tax credit under the One Big Beautiful Bill (OB3). Learn about new eligibility requirements, enhanced verification processes starting in 2027, and the removal of repayment caps that could significantly impact taxpayers who receive marketplace health insurance subsidies.