On December 12th, Austin Wynn, CPA and Brent Bathurst, CPA presented a webinar on the One Big Beautiful Bill Act, signed into law on July 4, 2025. This legislation brings significant tax changes that will impact both businesses and individuals starting in 2025 and beyond.

Among the key changes: the 2017 tax cuts are now permanent, the SALT cap has been raised to $40,000, and the child tax credit has increased to $2,200. There are also new deductions for tips, overtime pay, and a $6,000 senior deduction, plus permanent pass-through deductions for businesses.

Whether you’re a business owner or an individual taxpayer, this recording walks through what you need to know in a straightforward, easy-to-understand format. Please contact your Ennis Pellum advisor with any questions.