Message from Jack McGovern, CPA regarding One Big Beautiful Bill Act (OBBBA)

CPA Philly, President

Integrate the Big Beautiful Bill Into Your Tax Strategy

The One Big Beautiful Bill Act, signed into law last year, introduces major tax code changes that will impact 2025 and 2026 tax returns. These updates affect deductions, tax brackets, credits, and a variety of new exemptions.

In today’s rapidly changing economic and technological environment, thoughtful planning is more important than ever. Reducing your tax burden is not just beneficial—it’s essential.

Our Expertise

For over 30 years, our firm has specialized in customized tax planning and preparation for both individuals and businesses. There are significant new opportunities within the updated tax laws, and we’re ready to help you understand and implement the strategies that benefit you most.

In business school, we learn that people with both short‑term and long‑term plans consistently outperform those without them. The same principle applies to your taxes: you should have a plan, and we can help you build, implement, and monitor it.

Our Process

We take a comprehensive approach:

• Evaluate your past returns
• Optimize your current return
• Develop a strategy for your future tax filings

We are conveniently located on Main Street in Philadelphia—your true “Main Street Accountants and Advisors.” While rooted in traditional values, we fully embrace technology. Through our secure online portal, you can upload your documents, meet with us via Teams or Zoom, review planning opportunities, and receive your completed return efficiently and cost‑effectively.

Who We Serve

Philadelphia is a diverse economic region—manufacturing, technology, healthcare, service, nonprofit, real estate, entertainment, and more. We work with individuals and businesses from across the country and around the world, bringing together the most effective strategies available.

Beyond tax preparation and planning, our experience includes serving on bank boards and working across all facets of industry. We represent landlords, business owners, and individuals seeking to treat their personal finances with a business‑minded approach.

We’re Ready to Help

Whether you’re navigating the new provisions of the One Big Beautiful Bill Act or planning for long‑term financial success, our team is here to guide you every step of the way.

Our firm has been in existence for over 25 years and we are here to help you through this challenge. We are literally “Main Street” Accountants and Advisors. In addition to preparing tax returns and developing tax strategies we have served on bank boards and been involved in all facets of industry. We represent landlords and Tenants. We interact with the politicians, bankers and officials who are dealing with this matter. We represent and serve on Non Profit Boards.  We work with turn around specialists.  We are embracing technology and repositioning our business to remotely help you.