Posts by Mike Stokes

Section 174A Research Expenditures: What Small Businesses Need to Know in 2025
If your business invests in research and development (R&D), the One Big Beautiful Bill Act (OBBBA) has brought a welcome change — and some important elections to make by July 3, 2026.  For certain small businesses, OBBBA allows Research Expenses to be fully deducted in the year they’re incurred, reversing the five-year capitalization and amortization Read more...

Passive Activity Rules for Real Estate and Other Passive Activities
Real estate is top of mind when it comes to businesses that create passive income streams or losses. Ownership in other types of companies can also create passive income. Investments also produce passive income and losses. Understanding passive income streams and how to account for them is vital to creating tax planning strategies. A real Read more...