AICPA Seeks Treasury Guidance on Section 174A Amended‑return Election

In a letter dated July 31, 2025, the American Institute of CPAs (AICPA) pressed the Department of the Treasury (and IRS) for immediate guidance on the application of Section 174A, which governs domestic research and experimental expenditures for eligible small business taxpayers Under a provision of recent legislation (Sec. 70302 of H.R. 12), eligible small businesses may … Read more

2025 Tax Planning Under the One Big Beautiful Bill: What You Need to Know About R&D, 179D, Cost Segregation, and Clean Energy Incentives

The passage of the One Big Beautiful Bill Act (OBBB) marks a major shift in the U.S. tax landscape—one that brings long-awaited relief for small businesses, real estate investors, and innovative companies. With sweeping updates to depreciation rules, R&D expensing, clean energy incentives, and more, 2025 presents a powerful opportunity to realign your tax strategy. … Read more

ONE BIG BEAUTIFUL BILL ACT: YOUR GUIDE TO UPCOMING TAX CHANGES

May 2025 – The U.S. House has passed the One Big Beautiful Bill Act, a sweeping reconciliation bill that seeks to make the Trump-era Tax Cuts and Jobs Act (TCJA) provisions permanent, enhance key business incentives like R&D credits and bonus depreciation, and overhaul green energy incentives and IRS procedures. With nearly 400 pages of … Read more

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