Corporate tax advisers are gearing up clients for 2024 tax code changes to research and development expenses, an election year that could determine the fate of some high-profile laws, and corporate minimum taxes, among other regulatory actions from the IRS and Treasury Department.
Innovations in tax and accounting technology—driven in part by acute CPA shortages—also will mean companies must get their data houses in order.
Here’s what’s ahead in corporate tax changes for 2024.
R&D Section 174
Among the most likely changes to the tax code next year is repeal or alteration of Section 174, requiring companies to amortize ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.