Keeping Up with Tax Code: Federal Tax Update for Businesses

Being a tax practitioner over the last few years has been tough! The tax landscape is constantly changing, and this shows no signs of slowing down. With the passage of the One Big Beautiful Bill Act (OBBBA) and the more recent guidance regarding it, there’s even more for practitioners to keep up with. Now more than ever, you need more than just new code sections hurled your way—you need a reliable and practical way to stay on top of new legislation, IRS focus areas, and key developments affecting your clients.

In our Q4 Business Tax Quarterly Update, we’ll walk through recent updates for employers related to tip deductions and overtime deduction reporting. We will also talk about those tricky expiration dates related to green energy credits.

Finally, we will discuss disproportionate distributions to partners. Through discussion and easy-to-follow examples, you’ll be better prepared to answer tough client questions and stay current year-round—not just during tax season!