Category: Business

IRS Issues Rev. Proc. 2025‑23 — Updates Automatic Accounting Method Changes

If your business files tax returns using IRS Form 3115 to change accounting methods, especially for R&D costs or depreciation, there’s a new set of rules you need to know. On June 9, 2025, the IRS released new guidance (Revenue Procedure 2025-23) that updates how businesses can make automatic changes to their tax accounting methods.

Whether you’re managing fixed assets, updating how you treat research expenses, or switching to a new cost method, this rule may affect your next filing.

IRS Scrutiny of ERC Claims: What Businesses Must Do Now

The IRS is intensifying oversight of Employee Retention Credit (ERC) filings. After winding down its ERC Voluntary Disclosure Program in March 2025, the agency has launched a wave of audits and is scrutinizing claims submitted during 2023–2024.