Changes, Impacts, & Reflections on 2025

Welcome back to Let’s Talk Tax Powered by McGuire Sponsel. In this season finale, host TJ Sponsel is joined by Tim LeMasters, fellow co-host of Let’s Talk Tax and Director of the Alliance Network, to discuss the significant changes in the CPA industry throughout 2025 and the impact on the firm. They delve into the impacts of the ‘One Big Beautiful Bill Act‘ passed on July 4th, the evolving advisory expectations, and the various opportunities and challenges faced by CPA firms.

The episode highlights the firm’s commitment to education and technical resources, examines newer service lines such as international tax, property tax, and location advisory, and underscores the importance of strong partnerships and proactive planning. The conversation sets the stage for anticipating trends and navigating the future as we move into 2026.