Key Tax Decisions for Individuals and Employers Before the End of 2025

Access this expert-led webinar instantly, available anytime on-demand.

4.8
Included in All-Access Membership
Live Webinar - no upcoming date
Customer Satisfaction Guarantee Learn with confidence. If you're not happy, we'll make it right. That's our guarantee.

Purchase Options

Select an attendee quantity to add to cart.

Recorded Webinar Only

$219.00
or

All Access Membership

The Aurora All Access Membership is designed to provide you with the training that you want when you want it. You will have 100% access to every live webinar, on demand webinar, professional alert, and podcast that Aurora Training Advantage offers with no additional cost.

Learn More About Our All Access Membership
$599.00
All Access Membership

Signed into law by President Trump on July 4, 2025, the One Big Beautiful Bill Act introduces sweeping tax reforms that impact both individuals and employers. With many provisions taking effect immediately in 2025 and others slated for 2026 and beyond, understanding the timing and application of these changes is essential. This timely and comprehensive webinar will guide you through the most critical aspects of the legislation so you can make informed financial and tax planning decisions before the year ends.

Whether you’re preparing your own return or managing payroll and benefits as an employer, this session will equip you with the insights necessary to navigate the new rules. Topics include the elimination of taxes on tips and overtime pay, a revised SALT deduction limitation, deductions for auto loan interest, updates to charitable contribution rules, and key adjustments to Section 179 and bonus depreciation. Don't miss this opportunity to get ahead of the curve for the 2025 filing season.

Your Benefits for Attending:
  • Understand the immediate tax changes affecting 2025 and how they apply to you or your organization
  • Learn how to maximize deductions and reduce taxable income under the new law
  • Prepare for future tax implications beginning in 2026 with strategic planning insights
  • Get clarity on changes to tip and overtime taxation, charitable contributions, and business-related deductions

Why This Webinar is a Must-Attend:
Gain confidence in your year-end tax planning and stay compliant with new regulations. This session offers practical, actionable knowledge to help you make smart decisions before 2025 closes.

Level: Beginner/Intermediate
Format: Live webcast
Instructional Method: Group: Internet-based
NASBA Field of Study: Taxes
Program Prerequisites: None
Advance Preparation: None

  • Lori Borek

    Lori Borek

    Lori Borek, CPA, is a seasoned tax accountant and Chief Operating Officer of The Borek Group, LLC. Lori recently retired from the Internal Revenue Service after a distinguished 34-year career in federal tax administration. She served in multiple critical roles at the IRS, including Revenue Agent in [...]

    View Full Profile

CPE Credit

Continuing Professional Education

Aurora Training Advantage is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding administrative policies such as complaint and refund, and cancellation please contact our offices at 407-542-4317 or [email protected].

ATATX Credit

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in accounting.

IRS Credit

Preparer Tax Identification Number
Customer Satisfaction Guarantee
Invest in your future with confidence! Our Customer Satisfaction Guarantee eliminates all risk, letting you focus purely on mastering new skills and advancing your career. If you're not completely satisfied, we'll ensure you are. Your satisfaction is not just a promise; it's our guarantee.

Webinar Survey Overall Rating

This webinar received a total of 4 survey responses. Attendees have given an average rating of 4.8 stars out of a possible 5, reflecting the quality and value of the content presented.

Average rating

4.8 / 5
Webinar Presentation
How many of the objectives of the event were met?
5.0 Stars
How useful was the information presented at this event?
4.8 Stars
Overall, how satisfied were you with this event?
4.8 Stars
Speaker Performance
Overall, how satisfied were you with this presenter?
4.8 Stars
How closely did the presenter follow the schedule?
4.8 Stars

Reviews From Webinar Survey

Our webinars are crafted to deliver exceptional value and insight to business professionals. Below, you'll find genuine feedback from attendees.

Sharon J.
November 6, 2025
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
Do you have any other comments, questions or concerns?
no comment
Carol P.
November 6, 2025
4.2 / 5
Webinar Rating:
4.3 Stars
Speaker Rating:
4.0 Stars
Do you have any other comments, questions or concerns?
I liked having the slides of the webinar before the meeting.
John B.
November 6, 2025
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
Do you have any other comments, questions or concerns?
no comment
Juliana L.
November 6, 2025
5.0 / 5
Webinar Rating:
5.0 Stars
Speaker Rating:
5.0 Stars
Do you have any other comments, questions or concerns?
no comment

Frequently Asked Questions

The One Big Beautiful Bill Act, signed into law on July 4, 2025, introduces sweeping tax reforms affecting both individuals and employers, with many provisions taking immediate effect in 2025 and others phased in for 2026 and beyond. For individuals, key changes include the elimination of federal income tax on qualifying tip income and overtime pay, a revised SALT deduction limitation, a new deduction for auto loan interest, and updates to charitable contribution rules. For employers, the legislation affects payroll administration for tipped and overtime employees, as well as adjustments to Section 179 expensing and bonus depreciation rules. Understanding which provisions apply immediately in 2025 versus which take effect later is critical for accurate year-end tax planning and employer compliance. This legislation represents one of the most significant tax law changes since the 2017 Tax Cuts and Jobs Act, making current professional development essential for tax professionals and payroll administrators responsible for implementing these changes accurately.
The One Big Beautiful Bill Act introduces federal income tax exclusions for qualifying tip income and overtime pay, a significant shift in how these compensation components are treated. For tipped employees in eligible industries—primarily food service, hospitality, and personal care—qualifying tip income may be excluded from federal taxable income. For eligible workers, qualifying overtime pay similarly receives a federal income tax exclusion. Employers must understand the specific eligibility criteria and income thresholds that govern these exclusions, as they are not unlimited and apply only to workers below certain income levels. Critically, Social Security and Medicare (FICA) taxes continue to apply to tip and overtime income unless further legislation changes those rules. For payroll administrators, implementing the new withholding treatment requires payroll system updates, Form W-2 reporting adjustments, and clear employee communication about how withholding will change. This on-demand webinar provides practical guidance on both the eligibility rules and the implementation steps needed for payroll compliance.
The SALT (State and Local Tax) deduction limitation has been among the most contested provisions in federal tax law since the 2017 Tax Cuts and Jobs Act capped it at $10,000, creating hardship for taxpayers in high-tax states such as California, New York, and New Jersey. The One Big Beautiful Bill Act revises the SALT cap, increasing it for most taxpayers—though the specific cap amount and income phase-out thresholds require review in the context of each taxpayer's individual situation. For high-income earners in high-tax states, the revised limitation may meaningfully reduce federal taxable income and federal tax liability, making year-end state tax payment timing a more valuable planning lever. For employers with executives in high-tax states, understanding the SALT changes may be relevant to compensation planning conversations. Tax professionals advising clients in affected states should update 2025 projections immediately to quantify the benefit and advise on optimal year-end payment strategies while planning opportunities are still available before December 31.
The One Big Beautiful Bill Act includes important adjustments to both Section 179 expensing and bonus depreciation rules that affect business asset purchase decisions before year-end. Section 179 allows businesses to deduct the full cost of qualifying equipment, vehicles, and software in the purchase year rather than depreciating over multiple years—subject to annual dollar limits and income limitations. Bonus depreciation under Section 168(k) similarly allows large immediate deductions for qualifying property, and the Act addresses the phase-down schedule that had been gradually reducing the bonus depreciation percentage. Understanding the updated limits and eligibility rules is essential for business owners and tax advisors making equipment purchasing decisions before December 31. The timing of asset purchases—specifically whether to buy before or after year-end—can have significant tax implications. Tax professionals should review clients' planned capital expenditures and model the after-tax cost under the new rules to ensure businesses capture maximum available deductions in the optimal tax year and avoid missing year-end planning windows that cannot be recovered after January 1.
The One Big Beautiful Bill Act creates several immediate compliance obligations for employers requiring prompt action before December 31, 2025. The most operationally urgent involves implementing the new withholding treatment for qualifying tip income and overtime pay—payroll software must be configured to correctly identify qualifying amounts, apply the federal income tax exclusion, and continue withholding FICA taxes as required. Employers should communicate clearly with employees about how their withholding will change and update Form W-2 reporting configurations accordingly. For businesses making year-end equipment purchases under the updated Section 179 and bonus depreciation rules, proper documentation of asset purchases, placed-in-service dates, and business-use percentages must be maintained. Employers should also consider updated W-4 guidance to help employees recalibrate withholding elections under the new law. The new auto loan interest deduction and revised charitable contribution rules may also warrant proactive employee communications for year-end financial planning. Working with a payroll provider and tax advisor current on the One Big Beautiful Bill Act—or attending this on-demand webinar—is essential to maintaining compliance through this transition.