fdasava

5 ms·

1. 1.▲
   by fdasava 3y ago

   If/when software goes out of use, it can be written down and deducted immediately. The 5 years is a maximum, not a minimum.
2. 2.▲
   by fdasava 3y ago

   It's not really that black and white. The production of new software would be capitalized, just like the production of basically any other product. Resources/developer time spent on maintence would be deducted immediately, however
3. 3.▲
   by fdasava 3y ago

   > Unless it's basically "shrink-wrapped" software, which largely doesn't exist anymore, software that is delivered by a company that provides that product online and continuously improves/monitors it (i.e. basica
4. 4.▲
   by fdasava 3y ago

   > Just remove the rule altogether. A company paying a wage to a software engineer shouldn't be taxed any differently than any other kind of employee. In most other industries, product development is capitalized and amortized over th
5. 5.▲
   by fdasava 3y ago

   > This has a hugely negative impact for early-stage startups, contract research firms (i.e. SBIR companies), and independent software developers. Yeah, but that doesn't make it unfair, no? The whole "develop it today, pay taxes