The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true tax-reduction measures. It also creates new opportunities for businesses to reduce their 2025 tax liability before December 31. Here are potentially some of the…more
Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year is the One Big Beautiful Bill Act (OBBBA), which significantly changes various tax laws. Here are some of the measures you can take…more
The One Big Beautiful Bill Act (OBBBA) introduced significant updates for businesses and payroll management companies. These changes—particularly around information return and payroll tax reporting—will take effect in 2026, but proactive employers should begin preparing in 2025. At CD Bradshaw & Associates, P.C., we believe in helping clients…more
Say Goodbye to Paper Checks: What Taxpayers Need to Know The federal government has announced a major change that will affect how millions of Americans receive their tax refunds and federal benefit payments. Beginning September 30, 2025, the U.S. Treasury Department, IRS, and Social Security Administration (SSA) will…more
The One, Big, Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. For many businesses, the favorable provisions outweigh the unfavorable, but both kinds are likely to impact your tax planning. Here are several provisions included in the new law that may influence…more
The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One, Big, Beautiful Bill Act (OBBBA), by a vote of 215 to 214. The bill includes extensions of many provisions of the Tax Cuts and Jobs Act (TCJA) that are set to expire on…more
The confusion surrounding the Corporate Transparency Act’s beneficial ownership information (BOI) reporting requirements continues in 2025.
If you’ve been a victim of a federally declared disaster in past years, you may be eligible for benefits under the Federal Disaster Tax Relief Act.
What tax proposals could be in play during President Trump’s first 100 days in office?