OBBBA
OBBBA stands for this. Trump's new bill
One Big Beautiful Bill Act
The form used for individuals' tax returns
1040
The minimum number of partners in a Partnership
Two
CPA stands for
Certified Public Accountant
Who runs the front at our office?
Ginger
This new deduction of Payroll item(s).
No tax on _____
Tips or Overtime
The term of someone you can claim on a return
(ex. your child)
Dependent
The form used for a Partnership return
1065
LLC stands for
Limited Liability Company
What year did I join Jones and Anderson full-time?
2022
The date this bill was signed into law
July 4th, 2025
The schedule used for a Single Member LLC business
Schedule C
The two types of Corporations
C Corporation and S Corporation
COGS stands for
Cost Of Goods Sold
We have two loacations. Where is the other?
Columbus
This permanent business deduction allows businesses to immediately deduct the full cost of a new/used Asset
100% Bonus Depreciation
The name of the form for an individual having interest or being a shareholder in a business
K-1
The three components of a Balance Sheet
Assets, Liabilities, and Equity
GAAP stands for
Generally Accepted Accounting Principles
How many CPAs do we have? Including the ones at our other office.
Four
The one profession believed to be targeted by part of this bill
Professional Gambling
When are extended individual returns due?
October 15th
When are extended business returns due?
September 15th
FASB stands for
Financial Accounting Standards Board
Jones and Anderson's Franklin address
198 N Main St.