If you’ve been tangled up in Section 174 capitalization headaches since 2022, here’s the update you’ve been waiting for: the One Big Beautiful Bill Act just flipped the script. For tax years beginning on or after January 1, 2025, domestic R&D costs are once again 100% deductible in the year they’re incurred. For innovative businesses—and the …
Real Results, Real Partnership: How Firestone Tax Helped One CPA Deliver Big Savings for a Client Zach Boyd, CPA and founder of Boyd CPA, was looking for a reliable CPA tax credit partnership—a way to deliver more than just tax prep. That connection started in 2017, when Zach and Firestone’s founder, Rance, were colleagues at a …
CPA Tax Credit Partnership: Real Results with Firestone Tax Solutions Read More »
Think Filing R&D Tax Credits is Easy? Think Again… Are you filing R&D tax credits for your clients? Are you sure you’ve got everything correct? We get it—it can be a lot of pressure! Getting it right is a big deal; the credit, rooted in Section 41 of the IRS Code, can save businesses thousands, …
Top 3 Mistakes CPAs Make When Filing R&D Tax Credits—and How to Avoid Them Read More »