On July 4, 2025, President Donald Trump signed the “One, Big, Beautiful Bill” into law. This sweeping package is poised to reshape the tax landscape for individuals and businesses alike. This legislation includes long-term changes directly affecting tax planning, deductions, and compliance strategies, particularly for high-net-worth individuals, business owners, multistate entities, and foreign-related entities.
We are diligently reviewing the final language of the bill to understand its full implications for our clients. In the coming days and weeks, we will continue to provide updates, practical insights, and planning considerations as we learn more.
