A few weeks ago, a client joked during a tax planning call, “So… can we just copy last year’s return and tweak the numbers?” I laughed. Then I told him the truth. Not this year. The One Big Beautiful Bill Act (OBBBA), passed durin...
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Subscribe09 MAR 2026 / ACCOUNTING & TAXES
The One Big Beautiful Bill Act (OBBBA), passed during President Trump's second term, made significant alterations to several tax considerations for businesses. The upcoming 2026 tax season will require careful revisions in planning decisions in areas such as depreciation rules, payroll reporting, credits, and interest deduction rules, which could affect businesses' 2025 taxable income returns filed in 2026.
A few weeks ago, a client joked during a tax planning call, “So… can we just copy last year’s return and tweak the numbers?” I laughed. Then I told him the truth. Not this year. The One Big Beautiful Bill Act (OBBBA), passed durin...
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