The One Big Beautiful Bill Act and Its Impact on Individual Taxpayers

On July 4, 2025, Congress passed one of the most comprehensive tax reform bills in recent history — the One Big Beautiful Bill Act (OBBBA).

Confused about the SSA email on no taxes for Social Security benefits? Rae’s Accounting breaks down what the One Big Beautiful Bill Act really says.

The Truth Behind Those “No Tax on Social Security” Emails

As we approach the 4th of July weekend, a time to celebrate freedom and independence, it’s the perfect moment to reflect on what freedom truly means for you as a business owner.

Did you know the IRS treats hobbies and businesses very differently when it comes to taxes? The key difference boils down to intention.

Owning a law firm should be empowering—not exhausting. But somewhere between court dates, client demands, and late-night bookkeeping, many attorneys find themselves feeling more like overwhelmed operators than confident business owners.

That’s why we’re proud to announce that Protection Plus is now included with every tax return we file. This powerful service adds an extra layer of support long after your return has been submitted.

For many people, getting a large tax refund feels like winning a mini lottery. It’s a check in the mail, a small windfall, a reason to celebrate.

Let’s be honest—running a business means hundreds of moving parts.
Sales. Vendors. Payments. Payroll. Receipts. Deposits.
And every single one of those transactions carries weight.

We’ve all seen the TikToks: business influencers confidently claiming they “write off” luxury cars, lavish vacations, designer clothes, and even their pets’ social media accounts.