aarondf

11 ms·

121.
by aarondf 3y ago
Yeah I could definitely add some links to or descriptions of functional indexes. If you're curious, here's a video I did on it: https://planetscale.com/courses/mysql-for-developers/indexes...
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by aarondf 3y ago
That's a great use case!
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by aarondf 3y ago
Totally agree! From the article: > The optimal indexing strategy always depends on the application, but in general, it's best to have indexes on the conditions you are frequently querying against. [...] This makes redundant conditio
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by aarondf 3y ago
The redundant condition is broader than the real condition. Removing the real condition would allow false positives in
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by aarondf 3y ago
That's true, I forgot to add the time. I'll update! Thanks
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by aarondf 3y ago
Genuine question, when was the last time you wrote PHP?
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by aarondf 3y ago
Waffle House customers aren't traditionally known for being big spenders.
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Laravel Jetstream – SaaS application starter kit(jetstream.laravel.com)
2 points by aarondf 3y ago|0 comments
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by aarondf 3y ago
Like the quote above says, it's about expensing costs. It has nothing to do with credits. R&D credits are a thing, but a thing we are not talking about!
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by aarondf 3y ago
> Under new Section 174(c)(3), software development costs are treated as R&E expenditures and must also be capitalized and amortized in accordance with the new rules. https://www.grantthornton.com/insights/alerts
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by aarondf 3y ago
I'm not sure how to convince you other than telling you to read the law (or the article.) That's why everyone is freaking out about this
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by aarondf 3y ago
It's not up to you to categorize them one way or another. This law mandates that they are r&d and thus amortized.
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by aarondf 3y ago
Replying to your edit. That note is financial accounting, we're talking about tax accounting. Entirely different worlds with entirely different rules.
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by aarondf 3y ago
Happy to schedule a call to better understand what you're saying. I'm pretty easy to find online.
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by aarondf 3y ago
You're missing the point entirely. You said: > If the developers worked on this years revenue, they should go into COGS, That's no longer legal.
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by aarondf 3y ago
> You think that all sw devs now are in R&D and not COGS? Huh? I don't think that, that's literally what this law is doing. Moving all software developer expenses out of COGS and into R&D that must be amortized. You&#x2
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by aarondf 3y ago
Should go into COGS, yes. Unfortunately, that is now called "tax evasion."
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by aarondf 3y ago
> If (as you imply) SW developers are critical to this year’s revenue (vs. building for future years revenue), then why don’t they go in COGS? Ok, so we're on the same page! Salaries should be expensed! Unfortunately, the page that
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by aarondf 3y ago
Huh? It's not about startups. It's about small software businesses that were moderately profitable yesterday and are potentially out of business today.
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by aarondf 3y ago
This has nothing to do with year one though. This is hitting companies that are in year 5, 10, 20, etc. If you were running a small software company that make 2m in revenue and puts 200k to the bottom line, your business no longer works.
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by aarondf 3y ago
> Isn't this all referring to the "R&D tax credit"? No, it is not.
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by aarondf 3y ago
Businesses have always been able to deduct salaries at 100%. Software businesses are now not allowed to do that. I have no idea what you're talking about.
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by aarondf 3y ago
I'm a CPA, so I super do get it.
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by aarondf 3y ago
Agreed, options are great! Unfortunately this bill removes all options. Also operating losses can be carried forward and used for 20 years, so recognizing a big loss in a single year isn't really that bad.
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by aarondf 3y ago
Unfortunately, the Government of the United States disagrees with you.
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by aarondf 3y ago
If you make a million and pay a million in salaries, you have no cash left, right? But! You get to pay taxes as if you made 800k in profit. So lucky you, you have zero dollars and now you get to pay 240,000 in tax (800k * 30%) to the govern
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by aarondf 3y ago
We're not talking about a tax credit at all though... We're talking about being able to deduct salaries paid. A tax credit is usually an incentive, like if you spend 10k on solar panels you get to deduct the 10k and then the gover
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by aarondf 3y ago
Yeah that would be the cash flow, my example was taxable income. But yes, that's the whole problem!
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by aarondf 3y ago
It very much affects bootstrapped companies building a software product. I'm not sure where you got the idea that it only affect Silicon Valley companies? If you bootstrap your company to the point where you can afford one engineer&#x2
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by aarondf 3y ago
As it relates to developer salaries, you don't have an option to decide if you're going to capitalize or immediately expense. With this bill, you must amortize over five years. You're talking about deciding whether or not t

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