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Do we have any empirical study of tax section 174's effect on how software companies are operating and if they have changed staffing plans because of it? Janua
by ozten 3y ago
Do we have any empirical study of tax section 174's effect on how software companies are operating and if they have changed staffing plans because of it?
January S174 discussion: https://news.ycombinator.com/item?id=38957651 https://news.ycombinator.com/item?id=38957651
- elwebmaster 3y agowe don't know how much each factor contributed to the sh*tstorm but it all came at once: Covid over-hiring, high hopes for LLM efficiency gains, S174, interest rate hikes, mass layoffs (do you really want to go against the crowd and hire when everyone is laying off?).
- aaomidi 3y agoIirc this got reversed last minute.
- gamblor956 3y agoThe legislation that would have restored current-expensing of 174 expenses has not yet passed in the Senate, so capitalizing is still the law. (https://rhodeislandcurrent.com/2024/03/12/business-owners-union-leader-urge-u-s-senate-to-move-ahead-soon-on-stalled-tax-package/ https://rhodeislandcurrent.com/2024/03/12/business-owners-un...)