For years, companies could load up on debt and use the interest to shrink their taxes. Lawmakers wanted a clear, objective speed limit so the deduction stays tied to real earnings not clever structuring. Today’s rules do exactly that. They
In July 2025, Congress raised the Advanced Manufacturing Investment Credit (AMIC) in the tax code’s §48D from 25% to 35%—for qualified property placed in service after December 31, 2025. This is a meaningful boost to America’s semiconductor build-out, tightening the
For decades, U.S. companies that invested in research and development (R&D) could immediately deduct those costs just like rent or wages. That policy, tucked into section 174 of the tax code, was designed to encourage innovation at home. But starting
The landscape of U.S. business taxation has shifted once again. With the passage of the **One Big Beautiful Bill—now formally the 2025 Act—**Congress has reset the rules for how American companies invest, innovate, and compete. For CFOs, finance directors, and
🏛️ The One Big Beautiful Bill (P.L. 119-21) permanently enacts many of the 2017 TCJA tax cuts, introduces new family- and business-friendly tax benefits, and refines several existing provisions. Below is a breakdown of the major changes: 💵 Permanent Reduction
🏛️ The One Big Beautiful Bill (P.L. 119-21) permanently enacts many of the 2017 TCJA tax cuts, introduces new family- and business-friendly tax benefits, and refines several existing provisions. Below is a breakdown of the major changes: 💵 Permanent Reduction
🏛️ AbbVie Inc. v. Commissioner, 164 TC No. 10 (2025) 📖 Case in Brief In a major win for businesses navigating M&A deals, the Tax Court ruled in favor of AbbVie, holding that its $1.6 billion breakup fee paid to
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 Senator Ted Cruz (R-TX), the bill reflects a policy championed by former President Donald Trump and
A Strategic Look at the House’s “Big Beautiful Bill” and Its Impact on State Income Tax Rules 🗓️ As advanced to the U.S. Senate on May 22 | 🔍 Public Understanding Edition 📌 The Big Picture A quietly placed provision
🔄 Rev. Proc. 2025-23 | Effective June 9, 2025 ✉️ Issued in: Internal Revenue Bulletin 2025-24🧾 Applies to: Forms 3115 (Change in Accounting Method)🗓️ Effective for tax years ending on or after: October 31, 2024 🧩 What’s Changed and Why