The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, brings a mix of wins and setbacks related to the limitation on business interest deductions first enacted under the Tax Cuts and Jobs Act (TCJA) of 2017.

Andersen has once again been named a Top 100 U.S. firm by INSIDE Public Accounting (IPA).

Andersen Consulting strengthens its digital transformation platform through a collaboration with Canada-based MJB Technology Solutions, a firm specializing in ServiceNow, artificial intelligence, analytics, and IT transformation.

Andersen Consulting adds depth to its digital transformation and AI capabilities through a Collaboration Agreement with FirstQA Systems, a leading technology services provider known for its expertise in business AI, digital transformation, and cybersecurity.

Andersen Consulting expands its platform through a Collaboration Agreement with Fabric, a strategic design firm working with organizations to integrate sustainability, supply chain, and human-centered innovation across culture and operations.

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, permanently extends the Qualified Opportunity Zone program, first enacted under the Tax Cuts and Jobs Act (TCJA) of 2017, with additional incentives, designation guidelines, and reporting requirements beginning January 1, 2027.

Andersen Managing Director Daniel Gespass’s article Pease Pease Me: The OBBBA's Revived Limitation on Itemized Deductions is featured in Tax Notes. In the article, Daniel examines whether the Pease limitation on itemized deductions, reinstated under the One Big Beautiful Bill Act (OBBBA) beginning in 2026, applies to the charitable income tax deduction for estates and trusts under Sec. 642(c). Daniel concludes that there is a strong argument that the Pease limitation does not apply. However, it is unclear at this point whether Treasury and IRS will adhere to this view, Daniel cautions. As a result, it will be important to watch for their stance on this issue in guidance.

Andersen Consulting expands its strategy and business transformation capabilities through a Collaboration Agreement with Skribble, a digital and brand consultancy supporting innovation and operational transformation for companies in Southeast Asia.

Andersen Global adds transaction advisory capabilities in Central Asia through a Collaboration Agreement with Bridge Factor, headquartered in Pakistan.