Tax Facts

What’s in Trump’s Big Beautiful Bill? Impact on Small Business and Individual Clients

by Prof. Robert Bloink and Prof. William H. Byrnes

The Trump administration and GOP-controlled Congress have managed to push the so-called "One Big Beautiful Bill" Act, or "OBBBA" past the finish line by the administration’s self-imposed July 4th deadline. The sweeping legislation contains major changes—both for small business and individual clients. Now that the OBBBA has officially become the law of the land, it’s critical for advisors to understand the extended, enhanced and entirely new provisions that will impact clients today and in the coming years.

Key Changes for Small Business Clients

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