One Big Beautiful Bill Act update: Unlocking tax credit opportunities, key insights and practical impacts for your business

Description

The One Big, Beautiful Bill Act has brought about significant changes and impacts for Research and Development Tax Credits, energy tax credits, the FMLA credit, FICA tip, and the Employee Retention Tax Credit (ERTC).

Regardless of your business size, employers need to not only understand the compliance requirements they will be expected to maintain, but also how to recognize activities that may qualify for tax incentives. Properly capturing these tax benefits can open up new opportunities for cost savings, strengthen the ability to support organizational tax strategy, and help meet operational goals in a changing legislative environment.

Join ADP for this informative webinar to help you be better equipped to spot opportunities, ask the right questions, and collaborate effectively with tax professionals, including:

• Highlighting what R&D tax credits are and learn about recent changes to the rules for expensing research costs (Section 174)
• Identifying and explaining other key changes in H.R. 1 affecting energy tax credits, FMLA credit, ERTC, FICA tip credits, and employer-paid childcare credits.
• Helping understand eligibility requirements and compliance steps for each credit, with a focus on how businesses and advisors can maximize available benefits.
• Demonstrating how to document and substantiate claims for these credits, including best practices for recording keeping and audit readiness.
• Analyzing how these credits and incentives help organizations develop integrated tax strategies that align with broader operational and financial goals.