Panel Discussion Recap: From Policy to Planning: What the Latest One Big Beautiful Bill Changes Mean

September 26, 2025

The OBBB panel discussion held on September 25, 2025, with experts from Lumsden McCormick and Bond, Schoeneck & King was designed to help business owners and individuals understand and apply the sweeping changes introduced by the One Big Beautiful Bill (OBBB), and how these developments influence financial planning, tax strategy, and business operations.

Key Highlights

Key tax provisions that affect individuals, families, and businesses
Permanent extensions of the 2017 TCJA tax cuts
Deductions available for tip income and overtime pay
SALT and other business deductions
Strategic planning for high-net-worth individuals and business owners
Guidance on what to prepare for in 2025 and beyond

Presenters

Lumsden McCormick

Robert Ingrasci, CPA
Cheryl Jankowski, CPA, CEPA
Kristin Re’, CPA

Bond Schoeneck & King

Jeffrey Gleason, Member
Michael Hickey, Member
Lindsay McKenna, Member

Available Resources

For More Information

Robert Ingrasci

CPA

Partner

Read Bio

2026 Changes to SOP 50-10 Will Take Effect in October

Posted by Lumsden McCormick LLP

Read This Insight

Manufacturers: Pinpoint Profits and Control Costs Using Segmented Income Statements

Posted by Douglas Muth

Financial statements play an important role in any manufacturing business. Your management team, lenders and other external stakeholders rely on these reports to assess your overall financial health and historical performance. But for internal purposes, you might want to drill down into the numbers to learn which products contribute most to your bottom line. One […]

What Individuals and Commercial Businesses Need to Know About New York’s 2026-2027 Budget

Posted by Kristin Ré

New York enacted its $268 billion fiscal year 2027 budget on May 28, 2026, bringing sweeping changes to corporate tax, depreciation treatment, pass-through entity elections, real estate, and individual income tax. Here’s what individuals and business owners need to know. Corporate Tax Rates Extended Through 2030 The FY 2027 budget does not increase income or […]

Multistate Tax Liability: What’s Your Manufacturing Business’s Exposure?

Posted by Angela Miles

As your manufacturing business expands into new markets, its state and local tax obligations become increasingly complex, spinning a web of different rules and obligations. Common business activities may produce a taxable connection, or “nexus,” that exposes your organization to sales and use tax, state income tax, and other state tax obligations. Here’s what you […]