Taxes and Tax Planning

In our previous article, we provided a summary of the major changes in the Republicans’ One Big Beautiful Bill Act. In this follow-up article, we delve a little deeper into some of the major changes from the OBBBA. We take a look at how some of these provisions will work in practice, the actual benefit…

President Trump signed the Big Beautiful Bill into law on July 4, marking his first major legislative victory of his second term. What does this mean for tax payers? Here, we will take a look at some of the main provisions for businesses and individuals. For Individual Taxpayers For Businesses Budgetary & Social Impacts While…

As we close out 2024 and look forward to 2025, we review the recent tax changes announced by the IRS for tax year 2025. These changes will apply to income tax returns filed in the 2026 tax season, and are important for tax planning in 2025. It is important to do your tax planning throughout…