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The One Big Beautiful Bill Act: What These Tax Changes Mean for You

One Big Beautiful Bill Act.

The One Big Beautiful Bill Act (OBBBA) has passed both the House and Senate and was signed into law by President Trump on July 4th. The tax law changes affect individuals, businesses, real estate developers, and investors starting in 2025.

While many provisions are effective for tax year 2025, others hinge on construction start dates, acquisition dates, or the date of enactment, making planning and timing especially critical. Click the button below to view some of the selected provisions is below.

Tennessee Qualifies for Disaster Tax Relief


IRS: All of Tennessee qualifies for disaster tax relief; various deadlines postponed to Nov. 3

IR-2025-47, April 14, 2025 — The Internal Revenue Service announced today tax relief for individuals and businesses in the entire state of Tennessee affected by severe storms, straight-line winds, tornadoes and flooding that began on April 2, 2025.

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The small business owner’s guide to inflation

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From the firm: Navigating business complexities with confidence

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