Recent Articles
Full Expensing Is (Back And) Permanent: Why This Is A Big Deal for U.S. Manufacturing
If you run or finance a manufacturing business in the U.S., Section 70301 of the “One Big Beautiful Bill” is worth your full attention. It makes 100% bonus depreciation (full expensing) permanent for qualified business property under IRC §168(k) and...
From Pilot to Permanent: The Evolution of the Federal Paid Family and Medical Leave Employer Credit
2017–2025: A temporary federal tax credit (the first try) 2025: Congress makes §45S stronger and permanent In July 2025, Congress enacted the One Big Beautiful Bill Act (Public Law 119-21). Section 70304 (“Extension and enhancement of paid family and medical...
Sourcing Inventory Income: Understanding Section 70313 and Its Impact on U.S. Manufacturers
Section 70313 of the recent tax legislation introduces new rules for sourcing income from the sale of inventory produced in the United States but sold abroad through foreign branches. While this may sound technical, it carries significant consequences for how...
Congress Finally Cleaned Up the International Tax Maze — And It Matters
For years, the U.S. international tax regime has been a patchwork of clever acronyms, cross-references, and allocation rules that too often produced ambiguous, burdensome, and sometimes unfair results. With Sections 70311–70323, Congress didn’t just tweak the system — it simplified...
The Interest-Deduction Speed Limit
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...
The Advanced Manufacturing Investment Credit: How We Got Here—and Why Congress’s 2025 Upgrade Is a Big Win for U.S. Chips
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...