What are the Key Tax Implications for Businesses and Individuals with Trump’s “One Big Beautiful Bill” that is currently being considered by the Senate?
On May 22, 2025, the U.S. House of Representatives passed the "One Big Beautiful Bill Act" (OBBB), which has now moved to the Senate for consideration and includes a tax and spending package which will have a significant impact on tax liability and tax planning options for individual taxpayers and businesses. So what could it mean for you?
Estimated Tax 2025: 4 Key Deadlines You Can’t Afford to Miss
For individuals and businesses with income not subject to withholding—such as self-employment earnings, interest, dividends, or rental income—the IRS requires the payment of estimated taxes throughout the year.