Recent Articles
π America Brings Back Full Research Write Offs: What the New Law and IRS Rules Mean for Businesses
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...
π The 2025 Act: What CFOs, Finance Leaders, and Tax Professionals Need to Know
The landscape of U.S. business taxation has shifted once again. With the passage of the **One Big Beautiful Billβnow formally the 2025 Actβ**Congress has reset the rules for how American companies invest, innovate, and compete. For CFOs, finance directors, and...
π 2025 Tax Act Executive Summary β Business & Public Insights
ποΈ 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: π΅ Permanent Reduction...
2025 IRS Tax Reform Highlights β Business & Public Edition
π§Ύ Prepared for: General Public & Business Communityπ
Effective Period: Various provisions starting post-2025π Source: Internal Revenue Code (IRC), Amended by 2025 Tax Act π Expansion of Qualified Small Business Stock (QSBS) Gain Exclusion π Whatβs New: π New Limits:...
π 2025 Tax Act Executive Summary β Business & Public Insights
ποΈ 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: π΅ Permanent Reduction...
πΌπ° AbbVie Wins in Tax Court: $1.6B Breakup Fee Deemed Deductible Business Expense
ποΈ AbbVie Inc. v. Commissioner, 164 TC No. 10 (2025) π 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...