The Big, Beautiful Bill & the Future of Professional Services

Tax changes ahead: What professional services firms need to know now.

Big changes are on the horizon for professional services firms. The new Big Beautiful Bill introduces sweeping updates to tax policy, bringing both fresh opportunities and operational challenges for law firms and creative agencies.

In this engaging fireside discussion, we’ll help you cut through the complexity of new tax legislation and spotlight what your firm needs to prepare for now — and in the future.

Learning Objectives:

• Qualified Business Income Deduction: Extension and enhancement of this deduction benefits pass-through entities like partnerships and S corporations, common structures in professional services.
• Depreciation: Expanded deductions for business meals and accelerated depreciation for certain assets may reduce taxable income.
• Tax Cuts: Enhanced standard deduction, child tax credit, and estate/gift tax exemptions benefit individuals directly.
• Qualified Small Business Stock (QSBS): Expanded eligibility and enhanced exclusion provisions could make equity compensation and long-term investment more attractive for founders and investors in professional services firms structured as C corporations.

Speakers

• Olga Blyweiss, Partner, Tax, Philadelphia Tax Market Lead, Armanino Advisory LLC
• Kelvin So, Partner, Tax, Armanino Advisory LLC