"The One Big Beautiful Bill Act" - SD

"The One Big Beautiful Bill Act"

Presenters:

Michael Friedman, CPA, Senior Technical Tax Partner, LevitZacks

Tony Sibal, Senior Tax Manager, Baker Tilly

We will explore major provisions of the bill and assess how each one may affect your operations within the Aerospace and Defense industry in the coming years. As trusted advisors, we recognize the importance of staying ahead of regulatory changes and compliance requirements, and we believe this information is critical to helping you anticipate challenges, seize opportunities, and prepare for a successful future.

Key Topics Covered:

• 100% Bonus Depreciation
• Special Depreciation Allowance
• Increased Sec. 179 Expensing
• §179d Energy Efficient Commercial Building Deduction
• Section 163(J) Business Interest Limitation Softened
• Paid Family & Medical Leave Credit
• Restored Full R&D Expensing and Capitalization (Sec 174)
• Permanent QBI Deduction
• PTET For Pass-Throughs
• Limitation On Excess Business Losses of Non-Corporate Taxpayers (Section 461(L))
• Sec. 1202 Small Business Stock Gain Exclusion
• Planning for Your Business

Presenters

As a Senior Technical Tax Partner at LevitZacks, Mike Friedman primarily works on tax planning for pass-through entities, closely held corporations and groups of entities with a common set of owners. His skills encompass merger and acquisition consulting, income tax planning, estate/trust/gift tax planning along with tax compliance. Mike helps clients with proactive planning that matches tax considerations with their business needs, helping clients make tax-efficient decisions and advising them how to navigate the tax law to best minimize their tax liabilities.

Tony Sibal is a Senior Tax Manager at Baker Tilly with over 11 years of public accounting experience. He provides tax consulting and compliance services to middle-market clients in manufacturing and industrial sectors. Many of his clients are internationally active with multi-state filings. Tony has significant experience overseeing and managing large engagements while working closely with both the assurance and tax specialty service groups to provide clients with the most efficient and comprehensive tax solutions.

Host or Publisher The Aerospace & Defense Forum