Newsroom
The “One Big Beautiful Bill Act” (OBBBA), introduces Section 174A, a new provision that permits an immediate deduction for domestic research and experimental (R&E) expenditures, including software development costs, paid or incurred in tax years beginning after December 31, 2024. The OBBBA also… Read more
State tax laws are evolving rapidly, with broadening nexus standards, shifting apportionment rules , aggressive enforcement tactics, and growing divergence from federal standards. As a result, companies operating across multiple U.S. states face an increasingly complex state tax compliance…
In the nonprofit sector, audit readiness has evolved from a basic compliance obligation into a strategic necessity that is foundational to strong governance and essential for maintaining stakeholder trust. Audit readiness enables organizations to provide clear, accurate, and timely financial…
Technology is no longer just an operational tool; it is a core driver of strategy, risk, and opportunity. For boards, the imperative to innovate is matched only by the responsibility to govern technology effectively. As organizations harness emerging technologies, the boardroom must be equipped to…
President Donald Trump signed into law the far-reaching reconciliation bill known as the One Big Beautiful Bill Act (OBBBA) on July 4. The tax title of this massive legislation affects many aspects of the U.S. tax regime, including numerous provisions relevant to high-net-worth individuals,…
President Donald Trump signed the reconciliation tax bill, commonly known as the “One Big Beautiful Bill Act” (OBBBA) into law July 4, 2025, which is considered the enactment date under U.S. Generally Accepted Accounting Principles (GAAP).
President Donald Trump signed into law a sweeping reconciliation tax bill, commonly known as the “One Big Beautiful Bill Act” (OBBBA) at a July 4 signing ceremony, capping a furious sprint to finish the legislation before a self-imposed Independence Day holiday deadline. The Senate had approved the…
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA)—a landmark piece of legislation that cements several provisions of the 2017 Tax Cuts and Jobs Act (TCJA), while introducing new benefits and compliance considerations for both individuals and businesses.
This…
