Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Jonathan Tucker and Paul McVoy | Principals – Research & Development Tax Credits The One Big Beautiful Bill Act (OBBBA) established that eligible small businesses may fully deduct domestic research costs capitalized in 2022-2024 via amended return. The problem is there’s currently no clear guidance … Read More
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Eddie Price| Principal, Cost Segregation With the passage of the One Big Beautiful Bill Act (OBBBA), Opportunity Zones (OZ) have shifted from a temporary incentive to a permanent fixture, fundamentally altering how real estate investors should approach tax strategy. The bill creates new benefits specific … Read More
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube The One Big Beautiful Bill (OBBB), signed into law on July 4, 2025, introduced the most significant tax shift in over a decade, and it’s having a direct impact on architecture and engineering (A&E) firms. While some changes were expected, the phase-out of §179D caught many … Read More
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube The One Big Beautiful Bill (OBBB), signed into law on July 4, 2025, included a major shift in tax law, and it’s hitting architects and engineers (A&E) harder than most. Section 179D, a powerful incentive that rewards firms for designing energy-efficient buildings for government and nonprofit … Read More
This update was originally published on June 2, 2014. Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube By Kevin Zolriasatain | Principal, Research & Development Tax Credits In a surprising, and long overdue modification to the Section 41 Research & Development tax credit, Treasury announced TD 9666 allowing taxpayer’s the opportunity to use the Alternative … Read More
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube When it comes to claiming the Research and Development (R&D) Tax Credit, understanding the Business Component Test is essential. This test serves as a cornerstone of eligibility, requiring that all qualified research activities be directly tied to a specific business component. Without this alignment, your R&D … Read More
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
Follow KBKG on Social Media Linkedin Facebook X-twitter Youtube When most people hear “Research and Development,” they imagine high-tech labs, futuristic prototypes, or scientists in white coats. In reality though, Research & Development (R&D) Tax Credits are just as available to the manufacturing floor as they are to the science lab. Many companies in manufacturing, … Read More
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
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