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.

Brinker Simpson & Company, LLC, the region's premier accounting and financial advisory firm, is honored to announce its ranking in the small company category on The Philadelphia Inquirer's Top Workplaces list for 2025. This category highlights the top 72 companies with 149 or fewer employees in the Delaware Valley, celebrating Brinker Simpson & Company's commitment to cultivating a supportive and thriving workplace culture.

The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One, Big, Beautiful Bill Act (OBBBA), by a vote of 215 to 214. The bill includes extensions of many provisions of the Tax Cuts and Jobs Act (TCJA) that are set to expire on December 31. It also includes some new and enhanced tax breaks. For example, it contains President Trump’s pledge to exempt tips and overtime from income tax.

The U.S. House of Representatives has passed its budget reconciliation bill, dubbed The One, Big, Beautiful Bill. Among other things, the sweeping bill would eliminate clean vehicle credits by the end of 2025 in most cases. If you’ve been pondering the purchase of a new or used electric vehicle (EV), you’ll want to buy sooner rather than later to take advantage of available tax credits. Here’s what you need to know.

Brinker Simpson & Company, LLC, the region's premier accounting and financial advisory firm, is pleased to welcome Nichole Cecchini to its professional team.