Year-end tax planning for 2025 offers unique opportunities, including expanded SALT deductions, new tax breaks, and strategic charitable giving options. Understanding these updates can help taxpayers reduce their liability and prepare for 2026 changes.
The longest federal government shutdown in history has ended after 43 days, and the IRS is now working to bring its operations back online. Learn what this means for taxpayers and how to prepare.
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.
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.
This webinar recording addresses the unique challenges and opportunities for restaurants and hotels impacted by OBBBA as PBMares' experts translate complex tax legislation to help hospitality leaders navigate the evolving tax environment.
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.
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.
Learn how the recently passed One Big Beautiful Bill Act (OBBBA) tax changes may impact your personal or business planning with this comparison chart.
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.
As of June 23, 2025, the Senate Finance Committee have released its version of the tax bill, aiming to match up with the House’s proposal that passed in May. Both versions extend major parts of the 2017 tax law and update certain business and individual tax breaks. But they take different approaches, and there are still some big differences to work through before anything becomes final. For taxpayers, it’s important to understand what each version includes in order to plan ahead, take advantage of new opportunities, and stay compliant.
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