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Yeah the person you are replying to was imprecise - there's actually tax credits for R&D expense in the US rather than just tax deductions. https://www.plantem
by mikeyouse 3y ago
Yeah the person you are replying to was imprecise - there's actually tax credits for R&D expense in the US rather than just tax deductions.
https://www.plantemoran.com/explore-our-thinking/insight/2020/08/is-your-business-getting-the-rd-tax-credit-it-deserves https://www.plantemoran.com/explore-our-thinking/insight/202...
- jdross 3y agoStarting this year you need to amortize the R&D expenses over 5+ years, which is going to be brutal for startups. Losing a lot of money and you can't write off your engineers