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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). Read more
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…
The president signed into law a sweeping reconciliation tax bill in a July 4 signing ceremony, capping a furious sprint to finish the legislation before the self-imposed holiday deadline. The Senate approved the bill in a 51-50 vote on July 1 after making a number of last-minute changes following…
These FAQs provide insights and answers about the program, offering an overview of its features and explaining how businesses can benefit from participation.
Senate Republicans are advancing their version of a sweeping reconciliation tax bill, introducing significant changes to the House-passed proposal as they aim for a July 4 passage. The Senate draft would permanently restore 100% bonus depreciation and research expensing, modify key international tax…
Vulnerabilities can exist within corporate governance and vendor management processes, even within organizations that have demonstrated a commitment to ethical business practices. Scandals involving inappropriate business relationships between executives and vendors underscore the critical need…
In the wake of the Office of Management and Budget's (OMB) recent directive to temporarily halt federal financial assistance, federal agencies are now under a tight deadline to conduct a detailed analysis of their programs. This requirement, stemming from the now rescinded Memorandum M-25-13, aligns…