
Businesses Prepare for Change as the Tax Implications of the One Big Beautiful Bill Act Take Effect
Signed into law by President Donald J. Trump on July 4, 2025, the One Big Beautiful Bill Act (OBBBA) ushers in a new era of federal tax policy with wide-ranging consequences for businesses of every size. The legislation consolidates numerous corporate, pass-through, and international tax provisions into a single reform package—changing how companies calculate taxable income,