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> Even more annoying is the whole Section 174 debacle. Completely killing the field of software engineering in the US. Elaborate?
by mostlysimilar 2y ago
> Even more annoying is the whole Section 174 debacle. Completely killing the field of software engineering in the US.
Elaborate?
- adolph 2y agoall expenses, in theory, incurred in connection with software development must now be amortized. Many technology and software companies will face significant increases in their taxable income because they are no longer allowed to deduct certain expenses https://www.thomsonreuters.com/en-us/posts/tax-and-accounting/section-174-expenditures/ https://www.thomsonreuters.com/en-us/posts/tax-and-accountin...