President Trump has escalated the administration’s tariff strategy with new and proposed tariffs while simultaneously pursuing trade agreements.
This Insight discusses some of the major business tax changes and the initial state income tax considerations with enactment of H.R. 1, the “One Big Beautiful Bill Act."
Recently passed and signed OBBA permanently extends the opportunity zone program with certain modifications and enhancements.
The “One Big Beautiful Bill Act” created a temporary federal income tax deduction for individuals who receive certain qualified tip income and overtime compensation.
Florida repeals sales tax on commercial rent, expands exemptions for aviation fuel, extends data center property exemption, and creates sales tax holidays.
The “One Big Beautiful Bill Act”, signed into law on July 4, includes provisions amending Section 162(m).
The enactment of H.R. 1 has broad impact on financial services, including changes to TCJA tax rules, limits on deductions, and revisions to clean energy tax credits.
H.R. 1, the "One Big Beautiful Bill Act" contains significant tax law changes with various effective dates affecting health organizations.
This quarter’s Accounting Methods Spotlight features (1) key provisions of H.R. 1.
Trump extends effective date for reciprocal tariffs to August 1 and notifies countries of updated tariff rates, including 50% tariff on Brazil.
H.R. 1 contains significant tax law changes with various effective dates affecting universities and other tax-exempt organizations.
On July 4, President Trump signed the One Big Beautiful Bill Act, which includes a broad range of tax reform provisions affecting businesses.
