The One Big Beautiful Bill Act (OBBBA) also known as H.R. 1 was signed into law in 2025 and brings significant changes to the U.S. tax system for both individuals and businesses. Below is a summary of some of the key tax provisions, divided into individual and business categories.
On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) issued an interim final rule revising the beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act. The new…
The Tax Cuts and Jobs Act (TCJA) of 2017 brought significant tax changes, but many of its provisions were designed to be temporary. As we move through 2025, several key…
Following a series of legal reversals, the U.S. District Court for the Eastern District of Texas has granted a stay on its previous injunction that had blocked enforcement of the…
A federal appeals court on Thursday reinstated a nationwide injunction halting enforcement of beneficial ownership information (BOI) reporting requirements, reversing an order the same court issued earlier this week.
If you’ve been trading or holding digital assets, some significant tax changes are heading your way, and they could shake up how you track and report your transactions. Starting January…
The Internal Revenue Service (IRS) has released its cost-of-living adjustments for the 2025 tax year, which will impact the dollar limits for pension plans and other retirement-related taxes.
On December 3, 2024, a federal court in Texas issued a preliminary injunction suspending the enforcement of the Corporate Transparency Act. The Act required businesses to report beneficial ownership information…
The Corporate Transparency Act (“CTA”) was enacted into law as part of the National Defense Act forFiscal Year 2021. The CTA requires the disclosure of the beneficial ownership information (otherwiseknown…
Tax planning for digital and e-commerce businesses brings unique challenges and opportunities. Effective tax management can be tricky with diverse revenue streams, cross-border sales, and constantly evolving regulations. Here’s a…
