The Big Beautiful Bill and the Fiscal Outlook: New CBO Estimates and Healthcare Impacts
By Jessica I. Marschall, CPA, ISA AMJuly 22nd, 2025 This month, we renewed our company’s health insurance, with premiums up about 7% from 2024. Only “Applicable Large Employers” (50 or more full-time employees) are required to offer coverage, but most small businesses are not and cannot afford to. For many gig workers and small business […]
Read MoreResearch and Development Incentives After the One Big Beautiful Bill Act: Clarifying the Deduction and the Credit
By Jessica I. Marschall, CPA, ISA AMJuly 17th, 2025 The federal tax code provides two distinct benefits for taxpayers who engage in qualified research and development (R&D) activities: the R&D deduction under Internal Revenue Code (IRC) Section 174 and the R&D tax credit under IRC Section 41. While they may appear similar in purpose, these […]
Read MoreCharitable Giving Under the One Big Beautiful Bill Act: A New Era of Incentives and Complexity, Especially for Non-Cash Donations
By Jessica I. Marschall, CPA, ISA AMJuly 13, 2025 The One Big Beautiful Bill Act (OBBBA), signed into law earlier this year, overhauled major components of the federal tax code with provisions designed to encourage business growth, simplify certain deductions, and, importantly for the nonprofit sector, revitalize charitable giving incentives. While much of the public […]
Read MoreHigher Education Under the Big Beautiful Bill: A New Era for Student Borrowing, Repayment, and Graduate Programs
By Jessica I. Marschall, CPA – July 11, 2025 The One Big Beautiful Bill Act, signed into law this month, represents the most sweeping overhaul of federal student aid policy in decades. While framed by lawmakers as a fiscal realignment and effort to promote accountability, the bill marks a decisive shift in how students (especially […]
Read MoreThe One Big Beautiful Bill Act: Expanded QSBS Benefits and Pro-Business Tax Reforms
By Jessica I. Marschall, CPAJuly 8, 2025 The recently enacted One Big Beautiful Bill Act delivers a comprehensive package of federal tax reforms aimed at accelerating small business formation, investment activity, and long-term capital growth. Among its most impactful provisions are the enhancements to Qualified Small Business Stock (QSBS) under Internal Revenue Code Section 1202, […]
Read MoreUnderstanding Opportunity Zone Tax Incentives and Qualified Opportunity Funds
By Jessica I. Marschall, CPAPresident, MAS LLCJuly 7, 2025 Introduction Since their introduction under the Tax Cuts and Jobs Act of 2017, Opportunity Zones have emerged as a powerful tool to encourage long-term investment in economically distressed communities. These provisions offer significant tax advantages to individuals and entities willing to reinvest capital gains into designated […]
Read MoreDonor-Advised Funds: A Technical and Tax-Focused Deep Dive
By Jessica I. Marschall, CPA — July 3, 2025 What is a Donor-Advised Fund (DAF)? At MAS LLC, we have observed a noticeable increase in the establishment of Donor-Advised Funds (DAFs) among our clients. This trend is echoed across our affiliated organizations, The Green Mission Inc. and Probity Appraisal Group, where charitable planning and non-cash […]
Read MoreWhat Made It into the Final “Big, Beautiful” Tax Bill—And Who It Leaves Behind
By Jessica I. Marschall, CPA, ISA AM June 28th, 2025 In the early hours of June 28, 2025, the Senate passed what Majority Leader John Thune and others in Republican leadership have proudly branded the “Big, Beautiful Bill”; a sweeping legislative package that alters the tax code, restructures environmental regulation, and reshapes the federal-state partnership […]
Read MoreSenate Republicans Advance Tax Bill That Prioritizes the Wealthy Over the Environment and the Vulnerable
By Jessica I. Marschall, CPA, ISA AMJune 17, 2025 Senate Republicans have introduced their version of the 2025 tax legislation, dubbed the “One Big Beautiful Bill,” which mirrors the House’s intent to make the 2017 Trump tax cuts permanent—but with deeper cuts to Medicaid, reduced support for renewable energy, and a more austere approach to […]
Read MoreThe 2025 house republican tax bill: A political statement, not a pro-growth plan
By Jessica I. Marschall, CPAJune 13, 2025 In a year marked by electoral shifts and budgetary uncertainty, the house of representatives has passed a sweeping $2.4 trillion tax bill, entitled the one big beautiful bill. Designed to fulfill campaign promises made by President Donald Trump, the bill combines extensions of the 2017 Tax Cuts and […]
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