News
Major Tax Law Changes for Manufacturing and R&D Companies
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, provides significant tax advantages for companies investing in capital assets and manufacturing facilities. Companies can maximize…
Read MoreArizona R&D Tax Credit: Significant Tax Savings for Innovation
Arizona offers one of the most valuable state R&D tax credits in the country, and many businesses conducting research activities may be missing out on substantial tax savings. If your…
Read MoreNew IRS Regulations for Semiconductor Manufacturing Tax Credits
The IRS has released final regulations for the Advanced Manufacturing Investment Credit under the CHIPS Act. If your company manufactures semiconductors or related equipment in the United States, you may…
Read MoreOECD blesses exemption of qualified “side-by-side” regimes from the application of Pillar 2’s IIR and UTPR taxes
Yesterday, January 5, 2026, the OECD announced several revised safe harbors, including one that reflects an agreement to allow multinational entity groups (“MNEs”) with ultimate parent entities (“UPEs”) that are…
Read MoreUnlocking Export Tax Savings: A Modern Guide to IC-DISCs and How to Use Them Effectively
In today’s global marketplace, many U.S. businesses miss a hidden gem of tax savings. Originating in law enacted in 1971, it offers exporters a powerful, but often misunderstood tool for…
Read MoreAre you ready for your 2025 retirement plan audit?
Here are some things to keep in mind as you are setting up your 2026 calendar: ✔ Check that you have received and signed your audit engagement letter. ✔ Verify your auditor’s…
Read MoreKBF Sales and Use Tax Newsletter – 3rd Quarter 2025
Here are recent court rulings, legislation, and administrative changes that have significantly impacted sales tax landscapes across the country. Colorado eliminated its state sales tax vendor fee as of January…
Read MoreKBF State Income Tax Newsletter – 3rd Quarter 2025
KBF’s quarterly newsletter updates clients on state and local income/franchise tax news, developments, and trends. Please note that this information is for discussion purposes only and does not constitute specific…
Read MoreASU 2025-06: Internal-Use Software Accounting Changes
In September 2025, the FASB issued ASU 2025-06, Intangibles–Goodwill and Other–Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. This ASU addresses those costs already within the scope of…
Read MoreMedtronic, Eighth Circuit Ruling, Best Methods and the Theory of the Firm
Scott Montopoli leads KBF’s International Tax Services with a focus on cross-border tax planning and compliance. Jonathan Voll leads KBF’s Transfer Pricing Services with a focus on intangible assets management…
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