Posts by Aprio Publisher
Signed into Law: Key Takeaways from the One Big Beautiful Bill
On July 4, 2025 President Trump signed H.R. 1, commonly known as the One Big Beautiful Bill, into law. This tax and spending measure solidifies numerous tax law changes originally enacted in the Tax Cuts and Jobs Act (TCJA) of 2017 and signed into law during President Trump’s first term in office. Aprio has been…
Read MoreWhat Trump’s One Big Beautiful Bill Means for Individual Taxpayers
At a glance: Schedule a consultation The One Big Beautiful Bill (OBBB), also referred to as H.R. 1, was signed into law on July 4, 2025, and contains amendments to numerous provisions that will directly affect individual taxpayers. Among these provisions are the permanent extension of rate cuts initially set to expire at the end…
Read MoreA New Dawn for Business Tax: How the One Big Beautiful Bill Reshapes the Tax Landscape
At a glance: Schedule a consultation On July 4th the President signed into law H.R.1, the legislation commonly known as the One Big Beautiful Bill (OBBB). This legislation extended, modified, or made permanent many of the tax provisions which were initially enacted as part of the Tax Cuts and Jobs Act (TCJA) of 2017. For…
Read MoreEnergy Credits on the Clock: What Taxpayers Need to Know About Accelerated Expiration Dates
At a glance: Schedule a consultation The enactment of the One Big Beautiful Bill (OBBB), also referred to as H.R. 1, makes significant alterations to energy credits available to taxpayers. Many credits that did not have expiration dates or that had expiration dates as far out as 2032 are now set to expire at an…
Read MoreFrom FTC to BEAT: Understanding the Future of International Tax After H.R. 1
At a glance: Schedule a consultation With the enactment of the One Big Beautifull Bill (OBBB), also known as H.R. 1, comes significant amendments to the tax code related to international tax provisions including the: Previous versions of the bill also included adding a “Revenge Tax” against citizens and business of countries that impose taxes…
Read MoreThe One Big Beautiful Bill: An Overview (Senate Edition)
At a glance: Schedule a consultation The full story: After an arduous process that included an extended vote to take up the bill, a 16-hour oral reading of the bill, over 10 hours of debate, and a record setting “vote-a-rama”, the Senate has passed the One Big Beautiful Bill along party lines. It was a…
Read MoreNavigating U.S. Tax Obligations: A Guide for Foreign Businesses
At a glance The full story: Expanding into the U.S. market can unlock significant growth opportunities for foreign companies. It can also bring a multitude of tax and compliance obligations that may not be obvious at first glance. One of the most important, and least understood, U.S. filings is IRS Form 1120-F, the income tax…
Read MoreGSA Multiple Award Schedule (MAS) Pricing: What You Need to Know
At a Glance: Schedule a consultation BREAKING NEWS: GSA recently announced a major expansion of Transactional Data Reporting (TDR). GSA is ending the TDR pilot period as of Solicitation Refresh 27 (expected late June 2025), making TDR a permanent and mandatory program for covered Special Item Numbers (SINs). GSA is also making TDR mandatory for…
Read MoreThe Pulse on the Economy and Capital Markets: June 2025
To Summarize: Despite signs of a decelerating economy, the markets are holding up better than expected. However, a slowdown in hiring, flattening earnings expectations, and cautious consumers have even the most seasoned investors struggling to make sense of the mixed signals. Increased AI investment is the surprising upside to this story, with the most profitable…
Read MoreCustoms Duty Refunds Explained
At a glance The full story: In today’s competitive and sometimes uncertain marketplace, many businesses conducting imports are unaware that duty refunds may be an option. If your company imports goods, an often-overlooked opportunity for smarter trade practices and cost recovery lies in customs duty refunds and duty drawbacks. These refunds allow importers to reclaim…
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