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It found it helpful that it was presented that simply. The point isn’t what else is or isn’t deductible, it’s that engineering salaries went from being deductib
by GavinMcG 1y ago
It found it helpful that it was presented that simply. The point isn’t what else is or isn’t deductible, it’s that engineering salaries went from being deductible to being amortized.
- logifail 1y agoBusinesses don't get to say they're claiming "$900k in costs" ... it depends on what kind of costs... EDIT: and in this instance, it depends on what kind of software engineering.
- organsnyder 1y agoBut why is software engineering treated specially, here? Does Disney have to pay taxes on film animators the same way, given that they're developing a capital asset?
- PaulDavisThe1st 1y agoProbably that is a large, rich field, and when you crunch the numbers, collecting corporate income taxes on 80% of essentially all s/w developer salaries in the first year after it goes into effect was a nice push to the CBO numbers related to Trump's 2017 tax cuts.
- NickHirras 1y agoThis is what's happened at my workplace. We account for time spent working on developing new products differently that development time maintaining legacy applications. Because they are reported for tax purposes differently.
- codazoda 1y agoThis gets really “gray”. I work on web software and we tend to deploy at the end of the day. Meaning only the smallest programs are “new” or not yet in service. This is a mess.
- phkahler 1y agoSeems like maintenance is better and can be deducted in the same year?
- PaulDavisThe1st 1y ago> Because they are reported for tax purposes differently. For software that used to be an option. Sec 174 removes the option.
- andrewlgood 1y agoExactly
- deleted 1y ago[deleted]