Episode Details
Back to Episodes870 Pages, Simplified: Unpacking the Most Impactful OBBB Provisions | The Concierge CPA
Description
From business owners to high-net-worth individuals, OBBB affects every income tier—and tax advisors are urged to act now.
The Concierge CPA
With Jackie Meyer
For CPA Trendlines
In the latest episode of The Concierge CPA, Jackie Meyer, a nationally recognized tax strategist, and Dave Lukas, CEO of TaxPlanIQ, walk through the most significant provisions of the new law. The hosts emphasize that while the changes add complexity, they also create what Meyer calls “a once-in-a-generation opportunity for accountants to step up as trusted advisors.”
One of the biggest wins for business owners is the permanent return of 100% bonus depreciation. Companies can immediately expense the full cost of qualifying assets—including used property—placed in service after Jan. 19, 2025. “Timing matters more than ever,” Meyer stresses, urging CPAs to model scenarios carefully to avoid unintended consequences with Qualified Business Income (QBI) deductions.