Beginning to Breakdown the One Big Beautiful Bill
This article examines the recently passed bill and provides registration links to KWC webinars on the personal and business implications.
KWC specializes in providing tax, audit, accounting, business consulting services and client advisory services (including outsourced accounting, virtual CFO services, internal control analysis, accounting systems analysis and design) for businesses, individuals, estates, trusts, non-profit organizations, and employee benefit plans. Our diverse client base served includes industries such as professional service firms, government contractors, non-profits, real estate, construction and specialty contractors, and healthcare providers. KWC is the CPA firm clients trust in Alexandria, Arlington, Fairfax, Tysons Corner, Springfield, Arlington, the Richmond Metropolitan Area, Northern Virginia, Washington, D.C. and Maryland.
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Beginning to Breakdown the One Big Beautiful Bill
by Irene Walsh, EA - Tax Principal On July 4, 2025, President Trump signed into law the reconciliation bill informally named the One Big Beautiful Bill Act (OBBBA). The bill has been hailed by the administration as a sweeping tax reform package that reshapes the tax...
Stay Alert! Scam Texts and Emails Impersonating the IRS Are on the Rise
The IRS has recently noted that there has been an increase in tax scam attempts. Scammers may try to steal money or sensitive data by impersonating the IRS or state and local tax agencies and contacting the taxpayer through email or text. They may tell the victim that...
5 Common Business Entities and Their Tax Implications
Choosing the right business entity is one of the most important decisions entrepreneurs make when launching or restructuring a business. The type of entity selected affects how the business is taxed, its administrative complexity, and who may be held personally liable...