After weeks of deliberation, revisions, and intense advocacy, the Senate and House have passed the final version of the One Big Beautiful Bill Act (OBBBA, H.R. 1), sending it to President Trump for ...

Eliminating the state and local tax deduction for service-based passthrough entities would “result in a tax increase for accountants throughout the country,” according to a letter addressed to leaders ...

As part of the Republican effort to push forward a comprehensive legislative package, often referred to as the "big and beautiful bill," a significant point of negotiation has emerged around state and ...

Some state CPA society leaders are continuing to speak out against the proposal to eliminate the state and local tax deduction for service-based passthrough entities, which they say would be ...

A little-noticed provision in President Trump’s spending bill would require New York’s top-earning firms to shell out billions of dollars in extra taxes each year – and experts say it could accelerate ...

The Pass Through Entity Tax for California business owners might save you enough money to fund a shopping spree in Beverly Hills. The Pass-Through Entity Tax (PTET) may be the only time your tax ...