The One, Big, Beautiful Bill Act (OBBBA) includes, among many other things, numerous provisions that can affect an individual’s taxes. The new law makes some changes to existing tax breaks that will be significant to many, but not all, taxpayers. It also creates new breaks that, again, will be significant to certain taxpayers. Finally, it makes permanent the tax rate reductions and most of the changes to deductions and credits made by the Tax Cuts and Jobs Act (TCJA), with occasional tweaks.

For some time, President Trump and the GOP have had their sights on repealing many of the tax incentives created or enhanced by the Inflation Reduction Act (IRA). With the enactment of the One, Big, Beautiful Bill Act (OBBBA), they’ve made progress toward accomplishing that goal. Here’s a closer look at some of the individual-related and business-related clean energy tax incentives that are being scaled back or eliminated by the OBBBA.

Brinker Simpson & Company, LLC, the region's premier accounting and financial advisory firm, is proud to announce that it has been recognized once again as one of the Best Places to Work in Greater Philadelphia by the Philadelphia Business Journal in the medium company category (50–99 employees).

On July 4, sweeping tax reform was signed into law through the “One Big Beautiful Bill” (OBBB). Join Brinker Simpson & Company for a high-level overview of this landmark legislation and what it means for individuals, family offices, and high-net-worth clients.

The One, Big, Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. For many businesses, the favorable provisions outweigh the unfavorable, but both kinds are likely to impact your tax planning. Here are several provisions included in the new law that may influence your business’s tax liability.

On July 4th, President Trump signed into law the far-reaching legislation known as the One, Big, Beautiful Bill Act (OBBBA). As promised, the tax portion of the 870-page bill extends many of the provisions of the Tax Cuts and Jobs Act (TCJA), the sweeping tax legislation enacted during the first Trump administration. It also incorporates several of President Trump’s campaign pledges, although many are temporary, and reverses many clean-energy-related tax breaks.

The U.S. Senate passed its version of The One, Big, Beautiful Bill (OBBB) by a vote of 51 to 50 on July 1. (Vice President J.D. Vance provided the tiebreaking vote.) At its core, the massive bill is similar to the bill passed by the U.S. House of Representatives last May. It includes extensions of many provisions of the Tax Cuts and Jobs Act (TCJA) currently set to expire on December 31.

Summer brings fresh energy to Brinker Simpson & Company, and with it, five outstanding interns eager to gain hands-on experience and grow their careers.

This year's cohort includes four tax interns and one client accounting services intern, each bringing enthusiasm, curiosity, and a strong commitment to learning. From the start, they've embraced the fast-paced nature of our work and demonstrated the collaboration, attention to detail, and initiative that reflect the core values of our firm.

If your organization is a Pennsylvania domestic or foreign corporation, whether business or nonprofit, your 2025 Annual Report (Form DSCB:15-146) must be filed with the PA Department of State by June 30, 2025.