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

CPA Philly, President

The One Big Beautiful Bill Act was signed into law last year and includes major tax code changes that begin affecting 2025 and 2026 returns. These changes include deductions, tax brackets, credits, and new exemptions.

Today’s changing economic technological environment has all of us seeking a plan and the need to benefit from reducing our unique tax situations.  

CPA Philly specializes in customized tax planning and preparation for individuals and businesses. There are many opportunities that we are prepared to explain and help you implement.  

In business school we were taught that people who have short-and long-term plans outperform non-planners. Accordingly, you should have a specific plan that we can help you implement and monitor. Our steps include evaluating your past returns, understanding and maximizing your current returns and developing a strategy for your future returns.

Our firm has been in existence for or 30 years and we are here to help you. We are located on Main Street in Philadelphia, and we are literally “Main Street” Accountants and Advisors. We embrace technology and we have a secure portal. Our process is that you upload your data to our portal, we set up a teams or zoom call, we discuss your filing and planning opportunities, and we finalize your returns in a timely and cost-effective manner.  

Philadelphia is melting pot and a region of Manufacturing, Technology, Health Care, Service, Non-Profit, Real Estate, Entertainment and more. We handle people from all over the country and world, and we fuse the best strategies available.  

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 business owners. We encourage individuals to treat their personal finances like it’s a business and we encourage business owners to plan for the current and future.

We can help you integrate the Big, Beautiful Bill into your tax plan.