The One Big Beautiful Bill Act is a sweeping 400-page tax and budget reconciliation proposal. The House passed its version on May 22, 2025, and the Senate Finance Committee released its version on June 16, 2025. Both versions seek to permanently extend or modify expiring provisions of the Tax Cuts and Jobs Act (TCJA) of 2017, while eliminating many green energy credits from the Inflation Reduction Act. Below is a structured comparison of the House and Senate versions: Comparison Chart: House vs. Senate Versions Provision House Version Senate Version Standard Deduction Permanent extension + temporary increases
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Monthly Archives June 2025
WISEPlace Opens New Housing Community in OC for Domestic Violence Survivors
In May, WISEPlace had its grand opening of WISEPlace on Broadway, the first permanent supportive housing (PSH) community in our nearly 100-year history. At the grand opening, there were more than 200 partners and supporters who joined in on the celebration. The celebration was even featured on KTLA 5 News. The historic renovation and modern expansion provides vital support services and permanent affordable housing for 47 residents plus a unit for the onsite site property manager totaling 48 housing units. The spaces include the service areas, wellness and fitness rooms, and outdoor courtyard with community gardens and room for domestic
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WFY Welcomes Five New Hires to Firm
Earlier this month, WFY welcomed new hires to our audit department and administration. We are thrilled to have them join our team! Robert Wright Robert Wright started with WFY in June as one of our newest Audit Staff. He previously interned with our firm last May as an Audit Intern. Robert graduated from CSU Fullerton with his Bachelor’s degree in Business Administration with a concentration in Accounting. In his spare time, he likes hanging out with friends and watching movies. Muriel Nguyen At the start of the month, Muriel Nguyen joined our audit department as an Audit Intern. She is
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