INCOME TAX PLANNING FOR BUSINESSES WITH THE ONE BIG BEAUTIFUL BILL ACT
H.R. 1 otherwise known as the One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025, by President Trump. The OBBBA makes many of the Tax Cuts And Jobs Act (TCJA) provisions, that were set to expire at the end of 2025, permanent and introduces new tax legislation that should be considered during year-end income tax planning.