The Bottom Line
The Bottom Line is where Klatzkin’s advisors provide analysis and insight into key developments in taxation, accounting, and other issues and how they affect businesses and individual taxpayers.

Understanding the Financial Statement Services a CPA Can Provide

By MICHELLE S. MARTIN

There are four different types of financial statement services that a Certified Public Accountant (CPA) can provide, including preparation, compilation, review, and audit engagements.

Summary Overview of The One Big Beautiful Bill

By ISHAAN ANAND

On July 4th, 2025, President Trump signed The One Big Beautiful Bill (OBBB) into law, which passed Congress through the reconciliation process. The legislation includes several tax changes and updates that build upon the Tax Cuts and Jobs Act of 2017, which was passed in Trump’s first term. The major updates include changes to the R&D Tax Credit, expansion of the Section 199a deduction, return of 100% bonus depreciation, increase in the SALT Cap, permanent extension of the New Markets Tax Credit, and much more.

Firm Announces New Office Address

By KLATZKIN

We are excited to share that our office will be relocating to a new space! As part of this transition, our current location will be closing as of June 25, 2025, and we will officially reopen in our new office on Wednesday, July 9, 2025.

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