The recently enacted One Big Beautiful Bill (OB3) introduces transformative
tax reforms designed to accelerate innovation, investment and expansion.
This webinar will unpack the most impactful provisions of OB3 and share actionable strategies to help family-owned businesses optimize their tax position, boost cash flow and plan for long-term growth.
Date and Time
Thursday, November 20, 2025
2 PM ET | 11 AM PT
60 minutes
This webinar will:
- Reveal tailored tax benefits for growing businesses by exploring how OB3 provisions expand deductions and credits — including the qualified business income deduction, interest deduction, SALT deduction, research credits and Opportunity Zone investments.
- Show how to maximize cash flow through immediate and retroactive R&D expensing under Section 174A to fuel innovation and turn prior-year tax costs into current cash.
- Demonstrate strategic depreciation planning by combining Section 179, bonus depreciation and Qualified Production Property expensing to reduce taxable income and support capital investment.
- Explain how to unlock tax-free growth with the Section 1202 stock exclusion, including strategies for C corporation conversions that enable permanent gain exclusion for individuals, estates and trusts.
- Outline wealth preservation strategies that leverage the now-permanent estate, gift and GST tax exemptions to ensure a smooth and tax-efficient transition of business assets to the next generation.
Join Plante Moran Wealth Management’s Alicia Cole, partner; Josh Engle, principal at Plante Moran; and Michael Sommerfeld, principal at Plante Moran; along with David Shaw, publishing director at Family Business Magazine, as they decode the sweeping changes of OB3 and outline what they mean for your business today — and your legacy tomorrow.
Gain practical, ready-to-implement insights on how to take advantage of new opportunities, reduce your effective tax rate and position your family enterprise for sustained growth in a rapidly changing tax environment.
Speakers
Alicia Cole, CFP®
Partner, Plante Moran Wealth Management
Alicia Cole is an estate planning and wealth transfer specialist in the wealth management practice. She is known for working with clients to create a comprehensive estate plan that will minimize taxes, preserve family wealth and address potential future issues such as special needs beneficiaries, remarriage and asset protection concerns.
Alicia has more than 17 years of experience providing a variety of consulting services to high-net-worth clients. She specializes in advanced wealth transfer techniques, estate and gift tax planning and compliance and planning for retirement benefits.
Alicia holds a B.S.B.A. in finance from Bowling Green State University with a concentration in personal financial planning.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
Josh Engle, CPA
Principal, Plante Moran
Josh Engle provides tax services, which includes compliance and strategic tax consulting, to clients who are almost exclusively in the real estate and construction industry. Josh’s goal is to keep compliance as stress-free as possible and work with clients to avoid unnecessary surprises. He strives to share additional tax consulting advice proactively.
Josh works with both local developers and national operators to aid in growth and tax strategy plans as they navigate our complex tax systems. He has a high concentration of manufactured housing and multifamily developers.
Clients appreciate that Josh is able to discuss complex accounting and tax topics in an easily digestible manner. Colleagues appreciate that he is always willing to roll up his sleeves and help them with their client matters, even if it’s bringing another subject matter expert to the table.
Josh was attracted to this career because of the people and the continuous growth. Being surrounded by peers who want to continuously expand their knowledge to best serve clients is an incredible experience — one that only helps to add value to Josh’s 10-plus years of tax experience.
Michael Sommerfeld
Principal, Plante Moran
As a principal at Plante Moran, Michael Sommerfeld serves as a final reviewer and technical specialist for tax matters. Michael specializes in tax compliance, planning and consulting for globally active middle-market businesses in the manufacturing, distribution and service industries. His role involves maintaining regular communication with clients and internal service teams throughout the year to ensure seamless coordination and proactive tax strategy execution.
Michael specializes in tax compliance, planning and consulting for globally active middle-market businesses in the manufacturing, distribution and service industries. His expertise includes tax planning and compliance for domestic private equity–owned and family-owned businesses, as well as foreign-owned entities with international operations. Michael helps clients leverage tax incentives such as research and development credits, implement effective tax structuring strategies and navigate complex state and local tax matters. He enjoys identifying innovative strategies to help clients enhance their overall tax position.
Michael’s clients appreciate that he brings a creative and strategic mindset to every engagement, always looking for opportunities to enhance their tax position. He takes a holistic view of their business to uncover ways to optimize their overall tax strategy — not just for today, but with long-term value in mind.
David Shaw
Publishing Director, Family Business Magazine
David Shaw is the publishing director for MLR Media. He also co-founded and serves as conference director of the Transitions conferences, The Private Company Governance Summit, Align and Family Business Legacy.
David writes frequently on governance issues for public and private companies, and develops and maintains close relationships with multi-generational family-owned businesses. He is married, with two grown children.
Benefits
- No cost to attend.
- Opportunity for questions and feedback.
- Unbiased third-party family business education.
- All participants can receive a copy of the webinar materials after the event, upon request.
- All participants receive Family Business Magazine weekly newsletter, with news, tips and trends that impact your family business. You may, of course, opt out at any time.
- 60 minutes — maximum value for time.
Sponsored by
