What the One Big Beautiful Bill Act Means for Your Business

The One Big Beautiful Bill Act (OBBBA), enacted in 2025, introduces significant tax changes that may affect cash flow, equipment investments, and long-term planning decisions. This seminar, designed for members of the Associated Builders and Contractors of Eastern Pennsylvania, will highlight the OBBBA provisions most relevant to construction companies and their owners, explain what they mean in practice, and outline planning considerations to help businesses respond proactively. Attendees will leave with a clearer understanding of how the new law may impact their operations and what steps to discuss with their advisors moving forward.

Learning Objectives:

By the end of this seminar, participants will be able to:

1. Identify key provisions of recent federal tax legislation affecting construction contractors and their owners.
2. Recognize how the changes may influence capital investment, cash flow, and project planning decisions.
3. Understand potential implications for owners, employees, and payroll reporting.
4. Evaluate practical planning considerations to address the new rules

Presenters:

Marty McCarthy, CPA, CCIFP
CBIZ

Marty McCarthy is a Managing Director in the Tax practice at CBIZ and serves as the Mid-Atlantic Construction Practice Leader and Regional Tax Services Leader. Based in West Conshohocken, PA, he brings over 30 years of experience advising construction companies, with deep expertise in tax strategy, risk management, and operational efficiency.

Prior to joining CBIZ, Marty was Managing Partner of McCarthy & Company, a nationally recognized construction accounting firm. He is a frequent industry speaker and thought leader, known for helping contractors strengthen performance and support long-term growth.

Patrick Wiggins, CPA, MSA
CBIZ

Patrick Wiggins is a Senior Manager in CBIZ’s West Conshohocken, PA office, focusing on the construction industry. He adeptly assists clients in navigating the intricate tax landscape unique to construction businesses. With a deep understanding of corporate, partnership, and individual tax reporting and a dedication to keeping current with ongoing changes, Patrick is an essential resource to clients seeking tax guidance.