Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Paul McVoy and Michael Maroney | Research & Development Tax Credits On June 14, 2025, Minnesota Governor Tim Walz signed H.F. 9 into law, enacting a major update to the state’s R&D tax credit. Beginning in tax year 2025, businesses may elect to receive a … Read More
Tax Insight
How Manufacturers Can Now Fully Expense Their Facilities and Real Property
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Lester Cook | Principal, Cost Segregation The 2025 One Big Beautiful Bill Act (OBBBA) introduced a significant opportunity for domestic manufacturers with the creation of Qualified Production Property (QPP) under new IRC §168(n). This new category allows eligible taxpayers to fully expense certain real estate … Read More
Section 174A and the 2024 Filing Dilemma for Eligible Small Businesses: Do You File or Amend?
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker | Principal, Research & Development Tax Credits As the dust settles following the passage of the One Big Beautiful Bill Act (OBBBA), many small businesses and their CPAs are navigating the mechanics of Section 174A, the newly enacted provision that restores the ability to … Read More
KBKG Tax Insight: 179D is Sunsetting – What to Do Before it’s Too Late
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jesse Stanley, P.E. | Principal, Green Building Tax Incentives The One Big Beautiful Bill (H.R. 1) modified the previously permanent 179D deduction, creating a termination date for projects that begin construction after June 30, 2026. With less than a year to initiate qualifying projects, CPAs, … Read More
OBBB Tax Bill Makes 100% Bonus Depreciation Permanent – What You Need to Know
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Amar Patel | Principal, Cost Segregation Real estate investors know that tax strategies can make all the difference in maximizing profits. One of the most powerful, yet underutilized, tools available is the short-term rental (STR) loophole. This allows real estate investors to utilize property-related rental losses … Read More
R&D Expensing is Back: What the Section 174 Fix Means for Your 2024 Tax Strategy
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Kevin Zolriasatain and Paul McVoy | Principals, Research & Development Tax Credits For the last two years, companies conducting qualified research have been burdened with an unfavorable tax provision that has made Research and Development (R&D) investments more expensive, at precisely the wrong time. That’s … Read More
KBKG Tax Insight: One Big Beautiful Bill – 2025 Tax Changes and Summary Chart
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Gian Pazzia and Paul McVoy | Research & Development Tax Credits Breaking News – July 4, 2025 On July 4th, President Trump signed the “One Big Beautiful Bill Act” (OBBBA), marking a significant overhaul to federal tax policy. The signing reflects a major pivot in legislative … Read More
SALT Workaround Preserved, Real Estate & R&D Expensing Win Big. What Businesses Need to Know
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Paul McVoy | Principal, Research & Development Tax Credits The reconciliation process for the “One Big Beautiful Bill” (OBBB) has entered its final phase, and in the past three days, Senate Republicans cleared a key procedural hurdle and released updated text that could reach the Senate … Read More
Retroactive and Permanent R&D Expensing Restored Under Proposed Senate Legislation
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker | Principal, Research & Development Tax Credits The Senate Finance Committee has proposed a significant change to the way U.S. businesses deduct their research and development (R&D) expenses. If passed, the bill would reverse a major change that took effect in 2022 based on … Read More
Senate Details Released on Tax Bill: Changes to SALT Cap and Section 174 Made Retroactive
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker | Principal, Research & Development Tax Credits Since the House passed the huge new tax and spending bill called the One Big Beautiful Bill Act (OBBBA) just before Memorial Day by one vote, and the Senate Finance Committee just released text of their version … Read More