The One Big Beautiful Bill Act (OBBBA), enacted in 2025, expands taxpayers’ eligibility for health savings accounts (HSAs), allowing more people to save and pay for qualifying medical expenses through these triple-tax-advantaged accounts. With an HSA, contributions by qualifying taxpayers via payroll deductions are not subject to federal income tax, whereas self-funded contributions are tax-deductible […]
The IRS recently issued interim guidance on a provision in the One Big Beautiful Tax Act (OBBBA) that enables taxpayers to claim a temporary first-year 100 percent deduction for the cost of constructing certain factories, manufacturing plants and refinery structures in the U.S. or a U.S. territory. Generally, the provision applies to a new class […]
High earners ages 50 and older who participate in 401(k) and 403(b) workplace retirement savings plans should note new changes to the treatment of catch-up contributions beginning in 2026. Effective Jan. 1, 2026, catch-up contributions made by individuals with wages at or exceeding $150,000 in 2025 must be made with after-tax dollars to Roth accounts. […]
Posted on April 02, 2026
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Joanie Stein
Adoption provides prospective parents with the opportunity to experience the joys of raising children and providing them with loving and permanent homes. While the process can be costly, the One Big Beautiful Bill Act (OBBBA), enacted in 2025, expands existing tax credits, making it easier for families to offset some of those expenses and reduce […]
Posted on December 22, 2025
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Richard Cabrera
One of the many investor-friendly provisions of the One Big Beautiful Bill Act (OBBBA) is the expansion of Internal Revenue Code Section 1202, which enables owners and early investors in domestic C corporations to permanently exclude capital gains from the sale or exchange of qualified small business stock (QSBS). The changes contained in the new […]
In this episode, Senior Manager of Tax Services Matt Ginsberg, CPA, explains the changes to specific research and experimental tax credits outlined in the OBBB.
Posted on November 11, 2025
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Angie Adames
The IRS has extended various U.S. tax reporting and filing deadlines for businesses and individuals directly impacted by the Oct. 7, 2023, terrorist attacks on Israel and the ongoing war in the region. Qualifying taxpayers described below now have until Sept. 30, 2026, to file various federal returns, make tax payments and perform other time-sensitive, […]
Posted on October 02, 2025
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Hernando Gomez
In this episode Director of Valuations Hernando Gomez explains why a valuation may be useful for buyers and sellers of business, when to conduct one and how the process flows.
Posted on September 17, 2025
NEW YORK CITY, September 17, 2025 – Berkowitz Pollack Brant Advisors + CPAs has been named one of Crain’s New York Business’ “Best Places to Work in New York City” for 2025. The firm ranked No. six out of 81 companies honored this year, recognized for its blend of technical excellence and a people-first culture. […]
Posted on September 11, 2025
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Joseph Leuchter
The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, brings significant tax benefits to domestic manufacturing companies. For example, the law restores taxpayers’ ability to fully write off domestic research and development (R&D) expenses in the year they are incurred. It also reinstates 100 percent special depreciation for a long list of new […]
