Signed into law on July 4, 2025, the One Big Beautiful Bill Act (OBBBA) is a sweeping package of tax and spending provisions that will dramatically reshape the tax planning landscape in the coming years. Among its most impactful changes are those affecting depreciation. With the permanent return of 100% bonus depreciation, a major [...]
For businesses investing in innovation, the One Big Beautiful Bill Act (OBBBA) brings long-awaited relief in how research and experimentation (R&E) costs are treated under Section 174 of the tax code. In addition to permanently restoring immediate expensing for domestic R&E costs beginning in tax years after December 31, 2024, the legislation creates a [...]
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBBA), a sweeping legislative package that blends tax cuts with funding for defense and immigration, while also scaling back certain social programs. For business taxpayers, the biggest news is the law’s powerful incentives for capital investment and innovation, including [...]
On May 18, 2025, the House Budget Committee voted to advance President Trump’s “One Big Beautiful Bill,” a federal budget reconciliation act with sweeping implications for tax policy, border security, defense spending and more. For businesses, commercial building owners, and real estate investors, the most notable elements of the bill lie in its proposed [...]
For commercial building owners, the federal tax code offers several strategies to help offset the many costs associated with owning and maintaining a commercial property. One of these strategies is Cost Segregation, which allows building owners to reduce their tax burdens and boost cash flow through accelerated depreciation deductions. Wondering if you are eligible for [...]
By reclassifying certain real property assets as personal property, Cost Segregation studies offer a powerful way for commercial building owners to unlock depreciation deductions—thereby reducing their tax burdens and boosting cash flow. However, following sweeping changes under the Tax Cuts and Jobs Act of 2017, Cost Segregation may be more beneficial than ever before due [...]