The Opportunity for a Better America Act (OBBA) introduces federal tax changes for individuals and businesses, including new deductions, income exemptions, and reporting requirements. From car loan interest to overtime and tip income exclusions, this blog breaks down what’s changing in 2025—and what to expect in 2026 and beyond.

A nationwide injunction has paused the enforcement of the Corporate Transparency Act (CTA) and BOI reporting requirements. While reporting is not currently mandatory, companies should stay updated on legal developments and prepare necessary information in case requirements change. Contact Bell & Company, P.A. for assistance.

We are proud to announce that Richard Bell has been named the 2024 Business Information Professional of the Year (BIPOY) in the Professional Services category by Beta Alpha Psi.