OBBBA’s Impact on Restaurants and Hotels
Discover how the OBBBA impacts restaurants and hotels with tax benefits like bonus depreciation, tip deductions, and expanded expensing options. Learn how to take advantage of these opportunities.
IRS Drafts New Schedule 1-A for Tax Deductions on Tips, Overtime, Car Loans, and Seniors
The IRS's new Schedule 1-A draft simplifies reporting for four OBBBA deductions, including tips, overtime, and car loan interest. Learn how to prepare for these tax-saving opportunities.
How the OBBBA Changes the Game for Private Clubs and Their Employees
Explore how the OBBBA introduces significant tax benefits for private clubs and their employees, including deductions for tips and overtime, enhanced expensing options, and changes to clean energy credits.
IRS to Phase Out Paper Tax Refund Checks for Individuals
Starting for 2026 tax filing season, the IRS will phase out paper tax refund checks, transitioning to faster and more secure electronic refunds. Learn how this change benefits taxpayers and how to prepare for the upcoming filing season.
IRS Releases Occupation List for “No Tax on Tips” Deduction
Discover how the new "No Tax on Tips" deduction under the OBBBA offers tax relief for tipped workers across 68 occupations, from bartenders to personal trainers, starting in 2025.
Navigating New Tip, Overtime, and 1099 Rules Under OBBBA
Learn about the series of payroll-related changes that are taking effect under the One Big Beautiful Bill Act (OBBBA), beginning in 2025. The law introduces new tax deductions for tips and overtime pay, and it adjusts the reporting thresholds for issuing 1099 forms.
Webinar Recording | OBBBA: Decoding Tax Reform and Strategic Impacts
This webinar uncovers the major changes introduced by the One Big Beautiful Bill Act (OBBBA). Gain essential insights into the legislation’s impact on businesses and taxpayers, with guidance on navigating critical tax updates and maximizing strategic opportunities.
Major Maryland Tax Updates for 2025
On July 1, several tax changes took effect under the Budget Reconciliation and Financing Act of 2025, a 200-page law signed by Governor Wes Moore on May 20. Learn more about the major Maryland tax updates.
Comparison and Analysis of the One Big Beautiful Bill and Its Impact on Businesses and Taxpayers
Learn how the recently passed One Big Beautiful Bill Act (OBBBA) tax changes may impact your personal or business planning with this comparison chart.
Key Tax Changes in the One Big Beautiful Bill
What’s in the One Big Beautiful Bill? Signed into law on July 4, 2025, this sweeping legislation includes more than 100 tax provisions. It builds on the Tax Cuts and Jobs Act (TCJA), modifying and in some cases permanently extending key provisions. The bill aims to update the tax code, stimulate business investment, and introduce new benefits for individual taxpayers. It also accelerates the phaseout of several clean energy incentives.