If you run or finance a manufacturing business in the U.S., Section 70301 of the βOne Big Beautiful Billβ is worth your full attention. It makes 100% bonus depreciation (full expensing) permanent for qualified business property under.


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π Rev. Proc. 2025-23 | Effective June 9, 2025 βοΈ Issued in: Internal Revenue Bulletin 2025-24π§Ύ Applies to: Forms 3115 (Change in Accounting Method)ποΈ…
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Decision Date: June 5, 2025ποΈ Case: Catholic Charities Bureau, Inc. v. Wisconsin Labor & Industry Review Commission, No. 24-154 π©ββοΈ Opinion by:…
Background In a bipartisan surprise move, the U.S. Senate unanimously passed the No Tax on Tips Act (S. 129) on May 20. Originally introduced by…
THESE PROVISIONS WERE INITIALLY DISCUSSED AS PART OF THE BILL BUT DID NOT MAKE ITS FINAL VERSION THAT PASSED THE HOUSE, PROVIDED HERE FOR REFERENCES…
