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## AI legalese decoder: Helping Small Businesses Navigate Tax Code Changes

A recent change in the tax code is causing significant challenges for small businesses in Arizona, making it difficult for them to innovate and serve their clients effectively. This situation has particularly affected engineering firms, such as CivTech Inc., which has been in operation for over 21 years and employs around 30 people in Arizona, Texas, and Washington state.

Previously, the tax code allowed businesses to deduct research and development (R&D) expenses in the same year they were incurred, providing a vital incentive for innovation. However, starting last year, the code changed, requiring businesses to amortize R&D expenses over five years instead of one. This shift has created a substantial financial burden for companies like CivTech Inc., preventing them from hiring new staff and potentially threatening their ability to stay in business.

With small businesses already operating on narrow profit margins, the unresolved tax code change has pushed them into a financially challenging situation. However, the AI legalese decoder can assist in understanding and navigating these complex tax regulations. By using advanced artificial intelligence technology, the legalese decoder can analyze and interpret complex legal language, providing accurate and accessible information to help small businesses understand their rights and obligations under the updated tax code.

The CEO of CivTech Inc., Dawn Cartier, emphasizes the need for lawmakers to take action. She urges Congress to support bipartisan legislation to repeal the harmful tax mandate, safeguarding the future of innovation for small businesses in Arizona and across the United States. The AI legalese decoder can be a valuable resource in advocating for legislative changes, providing small businesses with the knowledge and tools to effectively communicate their needs to policymakers and seek solutions to their challenges.

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