New Federal Tax Legislation: What You Need to Know

Recent federal tax legislation — often referred to in the media as the “Big Beautiful Tax Bill” — introduces significant changes that may affect individuals, business owners, and entrepreneurs in the coming years.

While headlines focus on the size of the bill, what matters most is how the provisions apply to your specific tax situation.

Key Areas Impacted

This legislation includes updates that may affect:

• Business deductions and tax credits
• Small businesses and pass-through entities
• Depreciation rules and capital investments
• Payroll, compliance, and reporting requirements
• Long-term tax planning strategies

Why Proactive Planning Matters

These changes are not just filing-related. Many provisions create opportunities — and risks — that require planning well before tax season. Waiting until a return is prepared may limit available strategies or result in missed savings.

Our firm is actively reviewing the legislation and advising clients on how to adjust tax strategies proactively to remain compliant while optimizing outcomes.

How We Can Help

We work with clients to:

• Analyze how new tax laws apply to their business or personal situation
• Identify planning opportunities created by legislative changes
• Reduce uncertainty through proactive, year-round tax strategy

If you have questions about how this legislation may affect you or your business, we encourage you to schedule a tax planning consultation.

Contact us for your tax and accounting needs:

https://wpvcpa.com

(561) 686-8666

info@wpvcpa.com

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