Hi There!

The One, Big, Beautiful Bill Act (OBBBA) was signed into law on July 4. The new law includes a number of favorable changes that will affect business owners, employers and employees, and some unfavorable changes too.

You are encouraged to read the two summaries prepared by our team:

Business Tax Updates from the OBBB Act

Employer and Employee Tax Updates from the OBBB Act

More Guidance Coming Soon

The IRS is expected to provide more details about these changes in the months ahead. We’ll keep you updated, but don’t hesitate to contact us or call 203-933-1679 with questions or to schedule a meeting for help planning how this new law might affect your business or situation.

Thank you.

Rich Pavano, CPA and Michael Fino, CPA