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One Big Beautiful Bill Act: Changes, challenges and opportunites

ThomsonReuters

As tax and accounting professionals continue to adapt to these developments, understanding the Act’s key provisions and their implications is crucial for effective tax planning and client advisory services. Annual Growth : The cap will rise by 1% annually through 2029. Expiration : The cap reverts to $10,000 in 2030.

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Autumn Budget Commentary: Tax Disputes and Disclosures

Menzies

Menzies LLP - A leading chartered accountancy firm. billion by 2029/30. Focus on debt collection In addition to the 5,000 new HMRC compliance officers there is also a plan to recruit 1,800 debt management officers which is expected to raise an additional £2 billion by 2029/30. This is expected to cost £1.4

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PCAOB Chair Sworn in For Second Term

CPA Practice

Erica Williams was sworn in by the Securities and Exchange Commission for her second term as chair of the Public Company Accounting Oversight Board on Oct. 24, 2029. “I Her new five-year term officially begins today and lasts through Oct.

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Spring Statement 2025 Commentary: Property & Construction

Menzies

Menzies LLP - A leading chartered accountancy firm. If successful the reforms will increase annual housebuilding by around 30% by 2029-30, which the OBR estimates will add 6.8 billion to the economy.

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Spring Forecast 2025 Commentary: Property & Construction

Menzies

Menzies LLP - A leading chartered accountancy firm. If successful the reforms will increase annual housebuilding by around 30% by 2029-30, which the OBR estimates will add 6.8 billion to the economy.

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More winners and losers from the Trump tax bill

Accounting Today

The credits for renewable fuel under Section 45Z were supposed to end in 2027, but this bill extended those credits through 2029." All rights reserved. They really were targeted. But renewable fuel actually got a benefit. That includes renewable diesel fuel and other types of fuel that can be produced with zero emissions.

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Pros and cons of the Big Beautiful Bill

Accounting Today

Its a temporary increase, and will continue to increase every year until 2029. Roger Russell Senior Editor, Accounting Today mailto linkedin For reprint and licensing requests for this article, click here. All rights reserved. For example, the SALT allowance has been capped at $40,000 for 2025.