Federal policy and priorities: Preparing your business

The One Big Beautiful Bill (OBBB) Act set in motion significant updates to the federal tax code, for businesses and individuals, international and energy provisions, and much more – and yet, any federal legislation is just the start of implementing any new tax policy. We will continue to monitor and analyze new developments; make sure you’re subscribed to our Tax team’s updates.

Learn more: 

• OBBB and beyond: Essential considerations for year-end tax planning and 2026 preparation

• ‘No Tax on Tips and Overtime’: How to report income, claim deduction

• OBBB makes IRC Section 45S family and medical leave credit permanent and adds certain requirements and enhancements

• Cannabis tax compliance: Planning for rescheduling

• OBBB makes significant revisions to meals and entertainment

• IRS issues preliminary guidance regarding Trump Accounts

• One Big Beautiful Bill Act: Tax highlights and strategies for individuals

• OBBB tax law: How does your state conform?(Opens a new window)(Opens a new window)(Opens a new window)(Opens a new window)(Opens a new window)

Amid evolving news of cuts or pauses to federal funding and programs, it remains prudent for government contractors and grant recipients to consider their funding sources and prepare to weather any changes. It will be important to understand your funding terms – your options and obligations, and how to handle a potential termination – and to carefully manage cash flow.

Learn more:

• Six for 2026: Essential GovCon strategies for the year ahead

• Webinar: Keeping GovCon policies and procedures fresh(Opens a new window)(Opens a new window)(Opens a new window)(Opens a new window)

• Begun construction: Navigating today’s challenges

• CMMC readiness : How to face the challenges 

• Navigating federal funding uncertainty: What to consider 

• Termination of government grants and contracts: Maintain compliance, mitigate costs

• 2025 Gauge report: Mastering Resource Planning + Project Execution

After a year of headwinds in the private equity and M&A dealmaking market, the outlook is brighter for 2026. Still, policy risk remains. In particular, as tariffs continue to evolve, PE firms must evaluate their impact on both their current portfolio companies and potential acquisitions. It will be critical to control expenses and create value, such as by optimizing supply chains and cost structures.

Learn more:

• 2026 Private Equity Outlook: From recalibration to execution

• PitchBook 2025 Annual U.S. PE Breakdown Report Q&A: The evolving M&A landscape

• Private Equity’s Sprint to Value Creation

• Selling the business: Preparing to be transaction-ready