A significant change has occurred in tax regulations for businesses engaged in research and development. The One Big Beautiful Bill Act (OBBBA) reverses a long-standing rule, now allowing for the immediate deduction of most U.S.-based R&D expenses. This pivotal legislation offers a critical opportunity for companies to re-evaluate their tax strategies and potentially access substantial refunds.

This webinar will provide a detailed look at the new law and its implications, covering:

• The return of full expensing for domestic R&D expenditures under Section 174A.
• How businesses can now both deduct and credit the same domestic expenses.
• The retroactive application of immediate expensing for eligible small businesses, which could lead to significant refunds.

Regardless of whether your business is involved in developing new software, improving internal processes, or designing innovative products, this essential webinar will help you understand and capitalize on the powerful tax benefits now available.