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Yes and no - 2022 also drastically changed taxation of software development https://www.resourcefulfinancepro.com/news/irs-section-174-changes-tech-firms-face-
by anonymars 1y ago
Yes and no - 2022 also drastically changed taxation of software development
https://www.resourcefulfinancepro.com/news/irs-section-174-changes-tech-firms-face-huge-tax-bills-layoffs-are-surging/ https://www.resourcefulfinancepro.com/news/irs-section-174-c...
- qaq 1y agoTech firms lobbied this change because they care about EBITA it makes their numbers look better
- e40 1y agoMy tax accountant said every one of his clients was freaking out about it. So, I have to disagree.
- throw__away7391 1y agoThis change has zero effect on your EBITA.
- deleted 1y ago[deleted]
- anonymars 1y agoHow would that make EBITA look better? (Even if you meant EBITDA, same question)
- qaq 1y agoYou are right reporting is via GAAP rules this only affects tax accounting
- nerdponx 1y agoIf there was any lobbying incentive, it would be anticompetitive suppression of smaller companies that can't afford the tax increase.