One of the most significant proofs of God’s government and care that my family has recently experienced occurred in our business. We’ve had a small engineering business for about 37 years, producing innovative equipment for the United States Department of Defense.
During tax preparation time, in early 2023, our accountant informed us of a new law that would apply to the 2022 tax year. The new law required that research and development expenses be categorized as capital investments and deducted over a period of five years, which was quite different from the previous law. Additionally, the new law would require us to treat 80 percent of reimbursements for such expenses as income and pay taxes on that income, and we realized that this would put us out of business immediately, because all of our business revenue comes from research and development projects paid for by US Department of Defense agencies.
I began learning more about God as divine Mind, always operating.
