Stop Overpaying Taxes—Innovate to Save!

October 01, 2025•3 min read

R. Kenner French introduces a discussion on the new tax bill and its significant implications for business owners. He emphasizes that the changes will allow many entrepreneurs to save substantial amounts of money, particularly through the use of federal and state research and development (R&D) tax credits. This is especially relevant to small business owners and communities focused on lowering tax liabilities using legal and ethical strategies.

Kenner highlights that many business owners are unaware of the tax savings available to them, especially those leveraging modern tools like ChatGPT, Gemini, or Claude in their operations. He stresses that using innovative technologies often qualifies as R&D activity, which can unlock additional tax credits. This is an opportunity often overlooked by entrepreneurs, who may not realize that their everyday efforts in innovation and problem-solving could reduce their tax burdens.

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He also introduces himself and his expertise. Kenner is a three-time author with a forthcoming book titled Modern Millions.ai. He has written for Forbes.com and the AI Journal, and has spent years working in the fields of tax, finance, and artificial intelligence. Over the years, he has built a reputation for helping business owners legally, morally, and ethically lower their tax liability through innovative strategies.

Turning back to the tax bill itself, He outlines the main changes, with a strong emphasis on expanded eligibility and simplified processes for claiming R&D tax credits. He notes that both federal and state governments are making it easier for companies to apply and benefit from these credits. Importantly, even in states without income tax, businesses may still be able to access refunds or savings through state-level R&D incentives, broadening the opportunities for entrepreneurs across different regions.

Kenner concludes by stressing the urgency for business owners to take advantage of these tax opportunities, as many are unknowingly "walking over dollars." By understanding and applying for R&D credits, companies can reclaim significant financial resources. He encourages listeners to seek guidance from tax professionals, reminding them that experts such as tax attorneys, CPAs, and consultants can help maximize savings. The key message: innovation not only drives growth but can also directly lower tax liability under the new bill.

Takeaways

• The new tax bill has significant implications for business owners.

• R&D tax credits are now more accessible and beneficial.

• Immediate expensing allows for better cash flow management.

• Bonus depreciation enables full deduction of asset purchases in the year of service.

• Simplified accounting regulations will ease the burden on business owners.

• Cross-border tax considerations are crucial for international clients.

• Proper documentation is essential to avoid penalties.

• Tax planning is vital for maximizing savings under the new bill.

• Artificial intelligence can aid in lowering tax liabilities.

• Business owners should leverage community resources for tax advice.

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