Research & Development Tax Credit (R&D) Articles
The One Big Beautiful Bill (OBBB) Federal Tax Reform – Top 10 Key Takeaways for Manufacturers
Posted by Kristin Re’ on July 23, 2025
Signed into law on July 4, 2025, the Reconciliation Bill—officially titled the One Big Beautiful Bill (OBBB)—introduces sweeping changes to the U.S. tax code.
Navigating R&D Tax Policy: Preparing for Current and Emerging Changes
Posted by Kristin Re’ on December 11, 2024
As businesses prioritize innovation, tax leaders need to stay informed about recent and potential changes to R&D tax policy. These include proposed modifications to R&D tax credit reporting requirements and ongoing guidance on capitalizing certain R&D expenses. Understanding the implications of these changes is essential for advising the C-suite and preparing for shifts in the regulatory environment. This article offers a concise overview of the current tax policies impacting R&D.
Manufacturers: Implement Year-End Tax Strategies and Lower Your 2024 Tax Bill
Posted by Kristin Re’ on October 08, 2024
Manufacturers can reduce their 2024 tax liability by taking advantage of key provisions from the Tax Cuts and Jobs Act, including Section 179 expensing and bonus depreciation, as well as newer incentives from the Inflation Reduction Act and CHIPS Act. Implementing strategies such as purchasing eligible assets or leveraging tax credits for R&D and advanced manufacturing before year-end can result in significant tax savings. Acting quickly is essential to maximizing these opportunities.