New Tax Landscape: Navigating the One Big Beautiful Bill

In this bonus episode of 2 CPAs & The Mic, hosts Jeff Frable and Sara Mays break down the newly signed "One Big Beautiful Bill" (OBBB) tax legislation, signed into law on July 4th. Described as a "Super Bowl" moment for tax professionals, this episode offers a high-level overview of the sweeping changes—without diving into the political weeds. Jeff and Sara discuss the tax implications, especially the permanence of several key provisions from the 2017 Tax Cuts and Jobs Act (TCJA). They also outline what's ahead: extended provisions for individuals, new individual provisions, and business-related updates. Whether you're a business owner, CPA, tax enthusiast, or just curious about what this bill means for your bottom line, this episode sets the stage for what's next in tax policy.