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CFO Slice equips you to stay ahead of crucial financial trends shaping your role. Every weekday, our unique blend of AI, finance experts, and researchers monitor 100,000s of sources to deliver a summary of the most pertinent and actionable insights to help you navigate, innovate, and expand.
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Finance leaders have a unique chance to improve liquidity and reduce tax burdens with the new One Big Beautiful Bill Act. This legislation reinstates immediate expensing for domestic R&D costs starting in 2025, reversing the previous requirement to spread deductions over several years. Todd Sutherland, a partner at UHY, emphasizes that this change allows businesses to align tax treatment with innovation funding realities, saying: "These reforms provide finance leaders with a timely opportunity to enhance liquidity." Additionally, small businesses can amend past returns to deduct previously amortized R&D costs, potentially unlocking significant cash flow. CFOs and tax executives are urged to act swiftly and strategically to leverage these new opportunities for growth and innovation.
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