In this bonus episode of Let’s Talk Tax, host Dave McGuire welcomes Jerry Hammel, CPA, for a timely breakdown of the sweeping new tax legislation known as the “Big Beautiful Bill.” Signed into law just days ago, this bill brings long-awaited changes to bonus depreciation, Section 174 expensing, and other key areas that impact tax planning for businesses of all sizes.

Dave and Jerry discuss how the return of 100% bonus depreciation reshapes capital investment strategies and why the finalized rules around Section 174 demand immediate attention—especially for taxpayers who failed to properly treat R&D expenses in recent years. With practical examples and expert insights, the conversation covers how CPAs and real estate professionals can navigate the new landscape and proactively position their clients for 2025 and beyond.

Don’t miss this critical discussion on what the new law means, what’s changed, and what advisors should do next.

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Thanks for listening. We will see you this Thursday, July 10, for the next Let's Talk Tax episode!