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
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
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
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
🧾 Prepared for: General Public & Business Community📅 Effective Period: Various provisions starting post-2025📚 Source: Internal Revenue Code (IRC), Amended by 2025 Tax Act 🚀 Expansion of Qualified Small Business Stock (QSBS) Gain Exclusion 📌 What’s New: 📈 New Limits:
🏛️ 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