As your professional services organization approaches year-end, evaluating potential tax strategies may help identify savings opportunities and reduce risk exposure. Recent legislation, including the One Big Beautiful Business Act (OBBBA), introduces changes that professional service firms should be aware of when considering year-end planning.

This session will provide an overview of tax developments and key considerations relevant to professional services organizations.

Topics include:

• IRS priorities and prospective changes in tax law

• OBBBA highlights and potential implications

• Year-end tax planning considerations

• State and local tax developments and potential savings opportunities

• Potential credits and incentives

Dustin Hubbard, Director, Baker Tilly

Dustin has worked in public accounting since 2004 providing state and local tax advisory and compliance services to large multistate companies in various industries. He regularly advises corporations and pass-through entities on state income or franchise tax, sales and use tax, and incentives issues.

Dustin also leads consulting engagements for income and franchise tax, and sales and use tax compliance. He has led multistate income and franchise tax refund engagements, recovering millions in overpaid taxes. He oversees the delivery of voluntary disclosure services and audit defense services in most states. He has experience advising clients on nexus-related issues and product sales and use taxability for various types of transactions.

Dustin is a frequent speaker at regional tax conferences and regularly contributes articles to regional and industry-specific trade journals.

Josh Jirava, Senior Manager, Baker Tilly

Josh has consulted in research and development tax credits since 2014, and is a member of the firm’s R&D Tax Services team. He works with businesses to claim tax credits and reduce company tax liabilities when performing research and development activities.

Josh brings business value through R&D studies and has worked in a wide variety of industries. His goal is to support businesses claiming research and development tax credits offered both by the federal government and state jurisdictions, which helps businesses improve their short- and long-term cash flow.

Jessica Mastropietro, Principal, Baker Tilly

Jessica is a principal with Baker Tilly's tax practice. With more than 20 years of experience, Jessica leads the law firm tax practice while focusing on assisting her clients to effectively navigate complex tax return preparation, compliance and planning, and providing comprehensive tax advice to both businesses and their owners. She has substantial experience working closely with clients to address their tax, accounting, advisory and transaction needs with a primary focus on the professional services industry and owners. Jessica combines strong technical tax skills along with her knowledge of leading automated technology tools to serve many of our largest multistate law firm partnership clients. She was recognized as a nominee for the Greater Washington Society of CPAs “Women to Watch” in the CPA Emerging Leaders category.