Publicly traded corporations are limited to a $1 million deduction for covered employees. Originally established in 1993, the Tax Cuts and Jobs Act (TCJA) of 2017 made significant changes to the $1 million compensation deduction limit for publicly traded corporations, including eliminating the performance-based exception. The One Big Beautiful Bill Act adds an entity aggregation rule for tax years beginning after 2025. Legislation in 2021 expanded the definition of a covered employee to take effect in tax years beginning after 2026.

Andersen Consulting continues to build out its platform through a Collaboration Agreement with Insight Experience, a leadership development firm known for its experiential business simulations and integrated learning programs.

For the Record, Andersen’s official newsletter, covers a variety of tax and financial topics relevant to both individuals and corporations.

As 2025 draws to a close, year-end tax planning is top of mind for many businesses. A strategic review of your tax accounting methods with Andersen can uncover opportunities to accelerate deductions, defer income to reduce cash taxes, utilize expiring net operating losses, or mitigate the effect of various provisions of the Internal Revenue Code.

Andersen Consulting adds depth to its platform through a Collaboration Agreement with global systems integrator firm Jolera, delivering secure and scalable digital transformation solutions.

Andersen Managing Director Joe Calianno’s comments are featured in the recent Tax NotesToday article, Focus of Treasury’s International Tax Guidance Shifts to OBBBA. The article focuses on IRS and Treasury’s recently released 2025-2026 Priority Guidance Plan, which shows a significant shift from prior plans toward implementing the international tax changes enacted under the One Big Beautiful Bill Act of 2025. This change is not surprising, Joe said. The most recently released guidance plan is fresh and new Joe told Tax Notes.

Andersen Consulting continues to broaden its capabilities through a Collaboration Agreement with NewVision Solutions, a consulting firm specializing in entry strategy, market research, and infrastructure and engineering solutions.

Andersen Managing Directors Jason Gritton, Ross Margelefsky, Jerry Fish, Bryan Collins, and Jackie Orea are featured speakers at the Tax Executives Institute (TEI) 2025 Annual Conference in San Francisco, California, at the San Francisco Marriott Marquis from October 26-29, 2025.