How the One, Big, Beautiful Bill Act Reshapes R&E Tax Treatment – Strategic Tax and Compliance Implications for Businesses

The One, Big, Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, marks one of the most transformative tax developments for innovation-driven businesses in recent years. Among its many provisions, the Act fundamentally overhauls the tax treatment of Research and Experimental (R&E) expenditures, effectively reversing the restrictive capitalization rules introduced under the 2017 Tax Cuts and Jobs Act (TCJA).

Beneficial Ownership Information (BOI) Reporting

As of January 1, 2024, the bipartisan Corporate Transparency Act (CTA) requires many companies operating in the United States to report information about their beneficial owners—the individuals who ultimately own or control the company. This law aims to combat illicit finance and strengthen U.S. national security.

ESG in Investing

In recent years, interest in environmental, social, and governance (ESG) investing has exploded. This increased interest is a result of a growth in global business risk