In the News | Bloomberg Tax
Pause before acting on business-friendly changes in new tax law
July 15, 2025 · Authored by James Creech, Jessica L. Jeane
The $3.4 trillion tax law is reshaping business strategy with expanded incentives for equipment purchases, facility upgrades and research investments. But without full IRS guidance, these benefits come with major planning challenges. Baker Tilly’s Jessica Jeane and James Creech shared with Bloomberg Tax on how businesses can unlock cash flow through:
- Accelerated depreciation (Section 168)
- Expanded expensing (Section 179)
- Renewed research deductions (Section 174)
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