Tax Journal

You may be looking forward to some downtime as holidays loom and the year draws to an end. But if you’re in business, this is no time to cruise. Tax season will arrive before you know it. Are you (and your books) ready?

Signed in early July 2025, the “One Big Beautiful Bill” updates federal tax laws that apply to many of us. If you normally pay estimated taxes, some of these changes may warrant a recalculation before your next payment. Here’s a high-level overview.