Master 2025 OBBA tax reforms impacting employee benefits and HSAs. Gain critical insights to optimize financial strategies for both employers and individuals.
The Trump “One Big Beautiful Act” (OBBA) was passed into law on July 4, 2025 and includes significant changes to many areas of tax legislation.
It significantly impacts US employers through changes to tax provisions, employee benefits, and healthcare policies. Key changes include permanent extensions of tax breaks like the Qualified Business Income (QBI) deduction and 100% bonus depreciation, permanent 179 expensing, permanent tax rate cuts, permanent educational assistance for employees, as well as modifications to the business interest deduction.
These changes aim to boost investment, attract and retain employees, and enhance employee well-being.
This one-hour session will provide a highlight of several of the provisions of the act that impact both employers and employees.
The bill also enhances:
• The employer-provided childcare tax credit
• Increases the dependent care FSA limit
• Expands the Health Savings Account (HSA)
• Addresses research and development expenses
• Addresses excess business losses and qualified small business stock
Lynn Fountain has over 45 years of experience spanning public accounting, corporate accounting and consulting. 24 years of her experience has been working in the areas of internal and external auditing. She is a subject matter expert in multiple fields including internal audit, ethics, fraud evaluations, Sarbanes-Oxley, enterprise risk management, governance, financial management and compliance. Ms. Fountain has held two Chief Audit Executive positions for international companies. In 2011, as the Chief Audit Executive for an international construction/ engineering firm, she was involved in the active investigation of a joint venture fraud. The investigation included work with the FBI and ultimately led to indictment of the perpetrators and recovery of $13M. Ms. Fountain is currently engaged in her own training and consulting business and is a regular trainer for the AICPA. Ms. Fountain is the author of three separate technical books. “Raise the Red Flag – The Internal Auditors Guide to Fraud Evaluations” was published by the Institute of Internal Auditors Research Foundation. -“Leading The Internal Audit Function” and -“Ethics and The Internal Auditor Political Dilemma” were published by Taylor & Francis In addition Ms. Fountain was a contributing author to the certification program exam for the National Association of Accountants. She also has certificate programs on various on-line platforms. Ms. Fountain has performed as an adjunct instructor for the School of Business for Grantham University and developed the first internal audit curriculum for the School of Business at the University of Kansas. Ms. Fountain obtained her BSBA from Pittsburg State University and her MBA from Washburn University in Kansas. She has her CGMA, CRMA credentials and CPA certificate (non-active).
