Major tax changes. Big planning opportunities.
Congress just passed sweeping new legislation which will have major implications for individuals, businesses and tax-exempt organizations. Whether you’re trying to understand what’s changing or figure out how to act on it, you’re in the right place. This page is your one-stop resource for insights, analysis and next steps.
Expert Analysis: Breaking Down the One Big Beautiful Bill Act
Why section 1202 just became private equity’s new tax efficiency power move
When the OBBBA became law, most headlines zeroed in on its extensions to the TCJA. But tucked inside the bill is one of the most strategic tax advantages investors and private equity firms have seen in years.
Qualified Production Property and Its Major Implications
Tucked into the OBBBA is another powerful—and less publicized—opportunity: Qualified Production Property (QPP).
Accelerated Depreciation Opportunities in 2025 and Beyond
The “One Big Beautiful Bill Act” (OBBBA), signed on July 4, 2025, provides businesses with more flexibility than they’ve had in years when it comes to recovering capital expenditures. Congress sharpened tools that can dramatically improve after-tax cash flow.
The IRS Releases Guidance on Research Expenditures
This revenue procedure updates the process for changing accounting methods with the IRS and, importantly, addresses how taxpayers can retroactively apply OBBBA’s Section
Three Takeaways for Business and Individual Taxpayers
A recent Sikich webinar surveyed over 500 taxpayers and business owners who revealed which tax provisions from the OBBBA are resonating most, and what that means for businesses and individuals navigating the evolving tax landscape.
Impacts on Charitable Contributions
The One Big Beautiful Bill Act (OBBBA) has adopted several changes that significantly impact charitable contributions. These changes are designed to expand the scope of charitable giving by encouraging participation from smaller donors, while limiting tax benefits for high-income individuals and corporations.
Impacts on Not-For-Profits
The One Big Beautiful Bill Act (OBBBA) didn’t just create sweeping tax code changes for corporations and individuals – it also significantly impacted many not-for-profits, schools and other tax-exempt organizations.
Impacts on Federal Estate and Gift Taxes
Big changes are here for estate and gift tax planning. The newly enacted One Big Beautiful Bill Act extends key lifetime exclusions—but only for a limited time.
Our tax team discusses what this means for your strategy.
Impacts on M&A
The One Big Beautiful Bill Act (OBBBA) became law on July 4, 2025. This sweeping legislation includes several changes that buyers and sellers should carefully evaluate.
Our tax team explores these significant tax changes affecting buyers and sellers in mergers and acquisitions (M&A) and why they matter.
The One Big Beautiful Bill Passed By Congress
On July 3, 2025, Congress gave its final approval to H.R.1, The One Big Beautiful Bill, capping off a week of high-stakes political drama on Capitol Hill. The action began in the Senate, where Vice President JD Vance cast the tie-breaking vote to approve the tax bill and send it back to the House.
What’s in The One, Big Beautiful Bill? A First Look
The Ways and Means Committee revealed its tax proposal in stages on May 9 and 12. The Joint Committee on Taxation (JCT) released a companion document — JCT Description of the Bill — that breaks it down in a far more digestible format by summarizing the current law, proposed changes, effective dates and more.
Catch Up On Previous Webinars
Breaking Down the One Big Beautiful Bill Act’s M&A Tax Provisions
In this recorded webinar, Sikich’s Transaction Advisory Services team reviewed the newly enacted One Big Beautiful Bill Act and its potential tax impacts on M&A.
‘One Big Beautiful Bill’ Signed Into Law – What to Do Now
The 2025 tax law overhaul is here and is packed with opportunities for individuals and businesses alike. In this webinar, financial experts break down the most impactful updates, from permanent rate reductions and expanded deductions to new savings tools and business incentives.
Summer 2025 Tax Legislation Update: What’s Ahead
Get up to speed on the latest tax legislation with insights from our tax experts. In this webinar, we cover the bill as it moved through Congress, potential expirations of key Tax Cuts and Jobs Act (TCJA) provisions, campaign themes influencing the legislation and more.
