Tax Talk with Josh Wykle – The Big Beautiful Bill & Overtime Deductions: What's the Tea in L&E?
The Federal Tax Deductions for Tips and Overtime Pay: Opportunities for Restaurants Employers
The Impact of One Big Beautiful Bill on Estate Planning
Earlier this year, President Trump signed the One Big Beautiful Bill Act (the “OBBB”) into law. The OBBB has had a widespread impact on tax legislation, either amending or repealing many provisions of the Internal Revenue...more
The enactment earlier this year of the One Big Beautiful Bill Act (the “Act”)generated a fair amount of excitement in the business community. If one had to identify a single provision of the Act in which the owners and...more
Recent changes to the tax code—enacted through the so-called One Big Beautiful Bill—will significantly alter the way both individual and corporate donors approach charitable giving. These updates, effective for the 2026 tax...more
At the tail end of the 2025 – 2026 legislative session, Michigan’s Legislature moved swiftly to enact House Bill (HB) 4961, which decouples from five federal tax benefits enacted earlier this year under the federal One Big...more
Two of the new and important tax changes made by the One Big Beautiful Bill Act (OBBBA) allow the full and immediate expensing of certain business assets placed in service during the taxable year. This occurs under changes...more
THE BIG BEAUTIFUL BILL – HOW DOES IT AFFECT TAX TREATMENT FOR PROFESSIONAL SERVICES FIRMS? The One Big Beautiful Bill Act was signed into law on July 4, 2025 following weeks of contentious debate. If your professional...more
Maine currently conforms to the Internal Revenue Code in effect as of December 31, 2024. As a result, none of the numerous federal tax changes enacted in the One Big Beautiful Bill Act (OBBBA) have been incorporated in Maine...more
I. Introduction - Key Takeaways for Startups, Founders, and Investors: For stock issued on or after July 5, 2025, Qualified Small Business Stock ("QSBS") eligibility requires that the corporation's aggregate gross assets...more
As we head into the fourth quarter of what has already been a busy year in the secondaries market, we wanted to revisit a topic from the summer that may impact sales activity: the endowment tax regime. Enacted in July, “The...more
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (“OBBBA”), which enacts significant changes to federal tax provisions. Among the changes, OBBBA adds “qualified sound recording productions” as a...more
The One Big Beautiful Bill Act (OBBBA) is big news for closely held businesses. Signed into law on July 4, 2025, by President Trump, the massive spending and tax package made many provisions from the 2017 Tax Cuts and Jobs...more
While not specific to mergers and acquisitions, the One Big Beautiful Bill Act, passed in 2025, contains tax provisions set to impact the structure, valuation, and negotiation of M&A deals. In this episode of The Inside...more
Effective charitable planning was already an intricate and complex process before the passage of the One Big Beautiful Bill Act (OBBBA) in July of 2025. The new legislation, while making swaths of changes to the charitable...more
This is the third and final installment in our multi-part series exploring the key implications of the One Big Beautiful Bill Act (OBBBA). This follows parts 1 and 2 of this series which discussed the no tax on tips and...more
On July 4, 2025, the President signed into law a reconciliation bill that is referred to as the One Big Beautiful Bill Act (“OBBBA”). In significant part, the OBBBA extended or made permanent various provisions of the Tax...more
Public Law No. 119-21, 139 Stat. 72 (2025) — known as the One Big Beautiful Bill Act — introduces a change to the treatment of gambling losses under the Internal Revenue Code. ...more
The One Big Beautiful Bill Act (OBBBA) impacted a number of provisions to the Internal Revenue Code — from federal estate, gift and generation-skipping transfer taxes to renewable energy credits and opportunity zones....more
On July 4, 2025, the One Big Beautiful Bill Act (the OBBBA) was signed into law, ushering in substantial changes to business-related tax provisions and incentives. Navigating these updates will be essential for effective tax...more
I recently wrote about Opportunity Zones (“QOZs”), how they work and how they can be utilized for preferential tax treatment on certain investments. I closed that piece by stating that the current administration was a big fan...more
FY26 Appropriations Outlook: House Republicans are weighing options to avoid a government shutdown as the Sept. 30 funding deadline approaches, with some movement toward a short-term stopgap plan. Freedom Caucus Chairman Rep....more
On August 28, 2025, the Internal Revenue Service (IRS) and Department of the Treasury (Treasury) released Rev. Proc. 2025-28 providing procedural guidance for taxpayers seeking to take advantage of the One Big Beautiful Bill...more
The One Big Beautiful Bill Act (OBBB) has spurred even more interest among businesses that may qualify for the tax benefits associated with qualified small business stock (QSBS), including businesses that currently are...more
Welcome to the September 2025 issue of REIT Tax News. Below, we summarize five key developments impacting REITs this past quarter....more
This is part 2 of Weintraub’s series covering the major changes from the OBBBA. This follows our initial article where we discussed the no tax on tips and overtime provisions, the SALT deduction, and the PTET Credit. These...more
Depreciation plays a crucial role in real estate investing, directly impacting how much income investors report and how much tax they pay. Under Section 168(a) of the Internal Revenue Code, the costs of certain business...more