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Year-End Accounting Methods Planning

As calendar year 2025 draws to a close, businesses should act quickly to assess whether non-automatic accounting method changes or transactional planning may provide tax savings or minimize tax exposures.

Click the button below for the latest on the One Big Beautiful Bill (OBBB) and other recent developments.

Summary of IRS Procedures for Changing Section 174A costs – Rev. Proc. 2025-28

For tax years that begin after December 2024, the One Big Beautiful Bill Act (OBBBA)creates new section 174A(a) that permits domestic research and experimental (R&E) expenditures to be deducted in the year incurred.

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