One Big Beautiful Bill (OBBB): What It Means for Individuals and Businesses
Contributed by: Faw Casson.
A Clear Overview for Firms Supporting Clients Through Tax Law Changes. The recently enacted “One Big Beautiful Bill” brings significant changes to the tax landscape that firms should understand and communicate to clients. From permanent adjustments to individual tax rates and deductions to enhanced business incentives and reporting thresholds, this legislation creates opportunities—and compliance considerations—for both individuals and businesses. This publication breaks down the most important provisions, explains why they matter, and offers actionable insights firms can use when advising clients on planning strategies.