Video Series

One Big Beautiful Tax Bill Series | 2025

The 2025 “One Big Beautiful” Tax Bill (OBBB) brings sweeping changes to the tax landscape, impacting individuals, small businesses, multinationals, and key industries across California. This multi-episode series breaks down the bill’s most significant provisions, with expert-led discussions designed to help CPAs and financial professionals understand what’s changing, what it means, and how to advise clients with clarity and confidence.

Jump to an episode: Episode 1, pt 1 | Episode 1, pt 2 | Episode 2 | Episode 3 | Episode 5 | Episode 6, pt. 1 | Episode 6, pt. 2 | Episode 7 | Episode 8 | Episode 9 | Episode 10

 

Episode 1, part 1: The Big Picture: Breaking Down the One Big Beautiful Tax Bill | What’s in the One Big Beautiful Bill?

Speaker:
Annette Nellen, CPA, Esq. | San Jose State University

This opening episode provides important context on the development of the 2025 tax bill and highlights key provisions practitioners should closely monitor. The session will cover items with retroactive effect, early termination dates, and distinctions between temporary and permanent changes. It will also offer insight into what’s currently omitted from the bill and what may still be under consideration for future legislation.

 

Episode 1, part 2: The Big Picture: Breaking Down the One Big Beautiful Tax Bill | Retroactive Tax Changes You Need to Know

Speaker:
Annette Nellen, CPA, Esq. | San Jose State University

 

Episode 2: Changes to Qualified Opportunity Zone

Speakers:
Annette Nellen, CPA, Esq. | San Jose State University
Blake Christian, CPA | HCVT

The 2025 tax bill brings important updates to the Qualified Opportunity Zone (QOZ) program, introducing new criteria, timelines, and targeted incentives that CPAs and investment professionals need to understand.

 

Episode 3: Navigating Itemized Deduction Changes in the 2025 Tax Bill

Speakers:
Join Troy Lewis, CPA, CGMA | BYU

Several smaller, but important, individual tax provisions were modified. This quick episode explores updates to itemized deductions, including mortgage interest, charitable contributions, casualty losses, and miscellaneous deductions.

 

Episode 5: New International Taxes

Speaker:
Krystle Owynn | Spott, Lucey & Wall, CPAs

Explore the bill’s international tax provisions, with a focus on the newly introduced “retaliation tax” targeting foreign-owned U.S. subsidiaries. Designed to curb base erosion and profit shifting, these changes carry significant implications for multinational clients and inbound structures—especially those operating in California. Advisors will gain practical insights to navigate the evolving international tax landscape.

 

Episode 6, pt. 1: Cuts to Clean Energy Tax Credits | Business-focused energy provisions

Speaker:
Barry Devine, MBA | Tri-Merit

Gain insights into the rollback of major clean energy tax incentives and its implications for California’s green economy. The discussion will cover the termination of key business investment credits, the repeal of credit transferability, and the broader impact on ESG investing, renewable energy developers, and commercial retrofits. CPAs will leave better equipped to advise clients navigating these significant changes.

 

Episode 6, pt. 2: Cuts to Clean Energy Tax Credits | Business-focused energy provisions

Speaker:
Barry Devine, MBA | Tri-Merit

 

Episode 7: Trump Accounts: Tax Advantages and Eligibility Explained

Speaker:
Mary Kay Foss, CPA

This session dives deep into the innovative MAGA/Trump Accounts introduced in the proposed tax bill. Learn about the structure, eligibility requirements, and unique tax benefits these accounts offer. Discover how Trump Accounts can serve as a powerful tool for individuals and businesses to enhance savings strategies and optimize tax planning under the new legislation.

 

Episode 8: Changes to the SALT Cap

Speaker:
Rebecca Stidham, CPA | Withum

Get a focused breakdown of the bill’s SALT cap changes and how they could benefit (or complicate) California taxpayers. Understand who qualifies for relief and how this intersects with PTET strategies.

 

Episode 9: Payroll & Paycheck Provisions: Labor and Employment Tax Updates

Speaker:
Susan K. Hatmaker | Hatmaker Law Group

A focused session on labor-related tax changes, including the bill’s “no tax” provisions on common wage supplements like tips and overtime. Employers and payroll professionals should take note.

 

Episode 10: Healthcare & Taxes—What’s Changing for Coverage and Credits

Speaker:
Chris Bell, CPA | Baker Tilly

Explore changes to the Premium Tax Credit, HSA contribution limits and eligibility, and tax provisions affecting Medicaid-related coverage.