Accountable
Join David R. Peters (CPA, MST) as he chats with some of today's business leaders. Whether you're a CPA, CFO, small business owner, or entrepreneur, Dave and his guests offer insightful advice and experiences for anyone in business!
To learn more about David and his company, visit us at: https://www.davidpetersfinancial.com/.
The views depicted in this podcast are for informational purposes only, are general in nature, and are not intended to and should not be relied upon or construed as a financial plan or financial/investment advice regarding any specific issue or factual circumstance.
David Peters provides educational offerings through Peters Professional Education LLC. David Peters is also registered with the U.S. Securities and Exchange Commission (SEC) as an Investment Advisor Representative (IAR) with Peters Financial LLC, offers tax preparation services through Peters Tax Preparation & Consulting, PC. and provides insurance services through David Peters Insurance Agency LLC. Peters Professional Education LLC, Peters Financial LLC, Peters Tax Preparation & Consulting, PC and David Peters Insurance Agency LLC are not affiliated.
Accountable
Discussing the OBBB with Bill Harden
Tax rules just changed—what’s real, what’s hype, and how should you plan?
On this episode, David is joined by Bill Harden, Associate Professor of Accounting & Finance at UNC–Greensboro, to unpack the “One Big Beautiful Bill” Act (signed July 4, 2025) and what it means for practitioners and clients this planning season.
Transcript
Episode Highlights:
- Mid-year passage & why July beats January for tax changes (3:09)
- New “production property” 100% bonus and the §1245 vs §1250 recapture traps (4:42)
- Energy incentives: EV credits ending Sept 30, home energy credits curtailed (13:14)
- Acquisition date vs placed-in-service—a big shift for credits/depreciation (16:41)
- “Trump accounts” for minors: how they differ from 529s, $1k pilot, earliest funding 7/4/26 (20:09)
- Tips & overtime are deductions (not exclusions) and must be reported to qualify (29:12)
- Auto-loan interest deduction returns—benefits and AGI phaseouts (27:06)
- SALT cap to $40k; mortgage interest cap still $750k—who itemizes now (35:24, 38:15)
- 2026 charitable floors, withholding/W-2 timing, state conformity watch-outs & big-picture advice (40:17, 44:28, 50:30)
Links:
For Continuing Professional Education Courses:
https://www.petersprofessionaleducation.com/
More David Peters Content:
www.youtube.com/@DavidPetersFinancial
Guest — Bill Hardin (UNCG):
jwharden@uncg.edu
JamesWilliamHardenCPACHFC@gmail.com