On July 4, 2025, President Trump signed into law the One Big, Beautiful Bill Act (OBBBA). OBBBA includes the largest tax overhaul since the Tax Cuts and Jobs Act of 2017 (TCJA), and it will affect almost every individual and business in the United States. The provisions in the new law go into effect on various dates, but most of the key ones affecting individuals apply to the current tax year.  We are writing to give you a brief rundown of what's in the new law and how it might affect you.

Dear Client: Another year winds down and another tax return needs to be filed. As always, we like to start with a few reminders of concerning areas we have for you. First and Most Important!  Our primary concern this year is the new Corporate Transparency Act […]

IRA Act On 8/16/22, the 2022 Inflation Reduction Act (IRA) was enacted.  The Act includes numerous provisions, mostly relating to tax credits for energy efficient expenses and offset mostly by increased taxes on large corporations.  The following is a summary of selected provisions that may affect […]