In this episode of the Brown Edwards Benefits Buzz podcast, host Brittany Quinn, audit partner at Brown Edwards, is joined by Katelyn Tolliver to discuss one of the most common — and preventable — compliance pitfalls facing employee benefit plans: eligibility and enrollment errors. Together, they break down how these errors occur across 401(k)s, ESOPs, and health and welfare plans, walking through real-world examples like incorrect service calculations, missed auto-enrollment settings, HR and payroll miscommunication, and TPA transitions gone wrong. They also cover why these errors matter from a compliance, financial, and employee trust standpoint, and share practical prevention strategies. Plus, they explain what plan sponsors should do if an error is discovered, including how the IRS's EPCRS correction program and the SECURE 2.0 Act's expanded self-correction provisions can help.

In this episode of BE Informed, I dive deep into the essential business provisions of the One Big Beautiful Bill Act, passed on July 4th, 2025. Joined by fellow tax manager Kevin Forget, we break down the significant changes, particularly the permanence of 100% bonus depreciation and the substantial increase in Section 179 expensing limits. We also explore the introduction of a new code section, 168N, which offers a 100% deduction on real estate for qualified production properties, a game-changer for manufacturing clients. With insights on how these provisions can impact your business strategies, this episode is a must-listen for anyone navigating the complexities of tax compliance and financial planning in today's landscape. Tune in for valuable insights that could shape your financial future.

Tax experts Jacob Reeves and Kevin Forget break down key business provisions from the One Big Beautiful Bill Act (OB3) passed on July 4th, 2025. Learn about expanded completed contract methods for residential construction, permanent opportunity zone extensions with new rural incentives, and enhanced low-income housing tax credits. Essential updates for construction industry clients and real estate investors.

In this episode of BE Informed, I dive into the significant business provisions of the One Big Beautiful Bill Act, also known as OB3, which was enacted on July 4, 2025. Join me as I explore the reinstatement of EBITDA in calculating the business interest deduction, a change that offers more flexibility for leveraged companies. I also discuss the expanded definitions impacting motor vehicle and trailer dealerships, including new regulations regarding floor plan interest. Additionally, I highlight the implications of capitalizing interest under the uni cap rules, especially for those in construction. This episode is packed with vital information to help you navigate these changes effectively, ensuring you stay ahead in your financial planning. Tune in for essential insights that could impact your business strategy.

In this episode of BE Informed, I delve into the significant changes brought by the One Big Beautiful Bill Act (OB3), specifically focusing on R&D tax deductions that business owners need to understand. Joined by tax manager Kevin Forget, we explore how the new provisions allow small businesses to immediately expense their R&D costs, reversing previous amortization requirements. We discuss the implications for companies with gross receipts under $31 million and highlight planning strategies, including the option to file superseded tax returns. Don't miss this opportunity to learn how to maximize your deductions and potentially secure refunds for prior years. Tune in for essential insights that could impact your bottom line.

In this episode of BE Informed, I dive into the significant updates surrounding the Employer-Provided Childcare Credit as outlined in the One Big Beautiful Bill Act, which was passed on July 4th, 2025. Join me, Jacob Reeves, as I discuss how the credit has been raised from 25% to 40% for employer-provided childcare costs, with small businesses benefiting even more at 50%. Notably, the maximum credit amount has skyrocketed from $150,000 to $500,000 per year, creating substantial opportunities for larger employers to reconsider their childcare offerings. If you're a business leader or involved in finance, this episode will equip you with crucial insights on how these changes can impact your organization and your employees. Tune in to stay informed and prepared!

Join tax experts Jacob Reeves and Kevin Forget from Brown Edwards & Company as they break down important business provisions in the One Big Beautiful Bill Act (OB3), passed July 4th, 2025. Learn about changes to paid family medical leave credits, excess business loss limitations, corporate charitable contribution floors, and other tax provisions affecting businesses and business owners.

In this episode of BE Informed, I dive into the implications of the Tax Cuts and Jobs Act (TCJA) extensions as outlined in the recently passed "One Big Beautiful Bill." Join me as I break down key provisions impacting individual and estate taxes, including the permanence of individual tax rates and increased standard deductions. Discover how these changes will affect your financial planning, from mortgage interest deductions to casualty loss limitations. I also discuss the implications of student loan discharge exclusions and what they mean for taxpayers. Whether you're a seasoned professional or navigating tax concerns for the first time, this episode offers valuable insights to help you understand how these legislative changes might benefit you. Tune in for a clear and informative discussion.

Brown Edwards tax experts Jacob Reeves and Marie Wimmer break down key provisions from the One Big Beautiful Bill (OB3), including the permanent increase of the estate and gift tax exemption to $15 million and the temporary expansion of the SALT cap to $40,000 through 2029. Learn how these changes may impact your tax planning and what pass-through entity owners need to know about state tax workarounds.

In this episode of BE Informed, I dive into the significant tax changes stemming from the One Big Beautiful Bill, focusing on charitable deductions and the Qualified Business Income (QBI) deduction. Join me as I explain how, starting in 2026, taxpayers who take the standard deduction will be able to deduct up to $1,000 for singles and $2,000 for joint filers in charitable contributions, a move aimed at enhancing charitable giving. I also cover the permanence of the 60% charitable contribution ceiling and the new $1,700 tax credit for educational scholarships. Additionally, I discuss the extended QBI deduction, its implications for pass-through entities, and the increased phase-out thresholds for specified service trades. Tune in for crucial insights that will help you navigate these changes effectively.