The One Big Beautiful Bill Act of 2025 created Trump Accounts under new Sec. 530A—custodial IRAs for children who have not reached age 18 with specific tax rules, contribution limits, and withdrawal options. Notice 2025-68 provides preliminary guidance on Trump Accounts, including on general funding contributions that charities, including private foundations and donor-advised funds, and government entities may make to Trump Accounts via the U.S. Treasury Department (Treasury).

Depreciation is a tax benefit that businesses can claim to allow for wear and tear, deterioration, or obsolescence of business assets. Depreciation expense is often one of the largest tax deductions for a business with a significant amount of tangible property. Many times, depreciation is improperly interchanged with other asset write-off provisions.

Andersen Managing Directors Heather Roush and Bryan Obermeier are featured speakers at the New York Finance & Accounting Update – Year-End Outlook: Accounting and Tax Insights on December 17, 2025, from 9am to 1pm ET at the SUNY Global Center in New York, New York. Heather and Bryan are co-presenters for the session Overview of the One Big Beautiful Bill Tax Law Changes. They will cover the key provisions within the One Big Beautiful Bill Act, focusing on tax law changes that impact businesses. Heather and Bryan will also discuss ASU 20223-09, Income Tax Disclosures, including new reporting requirements, disclosure enhancements, and leading practices for implementation to ensure compliance and transparency.

Andersen Managing Director Joe Calianno’s comments are featured in the recent Tax Notes article, IRS’s Pro Rata Share Rules Set Up Compliance Headache.

Andersen Consulting strengthens its capabilities through a Collaboration Agreement with LBC, a Portugal-based international firm known for its integrated approach to business optimization, digital transformation and human capital development, combining creativity and human ethics with AI to accelerate value creation.

Andersen Global reinforces its legal platform in Brazil as Lotti e Araújo becomes a member firm, strengthening the organization’s capabilities in Latin America.

Andersen Global continues to expand its presence in Asia Pacific through a Collaboration Agreement with Edmund Tie & Company (ETC), a full-service real estate advisory firm headquartered in Singapore.

Andersen Consulting enters into a Collaboration Agreement with S RM, a global intelligence and cybersecurity consultancy, strengthening its ability to support global clients with risk resilience, incident response, and strategic advisory.

Andersen Managing Director Joe Calianno is a featured speaker on STEP Mid-Atlantic’s free webcast OB3: Impact on Controlled Foreign Corporations and Their U.S. Shareholders on December 16, 2025. The webcast focuses on the substantial changes the One Big Beautiful Bill Act (OB3) of 2025 made to the rules that impose U.S. tax on U.S. shareholders of controlled foreign corporations (CFCs). The presentation will address how those changes present both planning opportunities and traps for the unwary.