The Internal Revenue Service has substantially simplified the requirements for small businesses to adopt the "repair regs" for 2014. Small businesses implementing the repair regulations for 2014 can change many of their accounting methods automatically, without filing Form 3115, Application for Change in Accounting Method, and without having to apply Code Sec. 481. Rev. Proc. 2015-20 provides this relief, in terms of both certain tax advantages and reduced administrative costs. The precise reach of this relief, and even whether it should be elected at all, should be considerations that will require a careful cost/benefit analysis in many cases.