mjwhansen

8 ms·

31.
How AI is changing gymnastics judging(technologyreview.com)
111 points by mjwhansen 3y ago|157 comments
32.
by mjwhansen 3y ago
I would clarify here that it’s Congress that is doing the taxing. IRS is just implementing what they asked them to.
33.
by mjwhansen 3y ago
Thank you! It makes a difference.
34.
by mjwhansen 3y ago
Typo - “many people ARE comfortable…”
35.
by mjwhansen 3y ago
Yeah… that’s why this is still far from a guarantee, even though it’s a very positive development. This could very well still fall apart like last time. Everyone, call your Reps and ask them to tell leadership to support the tax deal!
36.
by mjwhansen 3y ago
The challenge at the moment is to get Speaker Johnson to put it on the floor and give him confidence that he has the votes. Critical that everyone contacts their Representative next week to ask them to ask leadership to do so, especially if
37.
by mjwhansen 3y ago
Still have to amortize
38.
by mjwhansen 3y ago
Unfortunately, this doesn’t erase the impact. This applies beyond salaries to all resources used for what 174 considers R&D. Servers, software, the desk chair you sit on to do development —- all have to be amortized under 174.
39.
by mjwhansen 3y ago
Totally fair! I provided a script because many people have never contacted Congress before and might not know what to say, so it’s a way to make them more comfortable with the idea. They don’t necessarily have to use it. Now for tweets, it’
40.
by mjwhansen 3y ago
Thanks for linking to SBBAlliance and for the kind words! But seriously, thank me when it’s fixed. (Counting chickens before they’ve hatched, etc etc)
41.
by mjwhansen 3y ago
Your CPA might be referring to rules for R&D tax credits, which covers a much, much more narrow scope of business activities. R&D credits cannot offset the impact of the amortization rules.
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by mjwhansen 3y ago
That’s incorrect - client would still have to amortize the work
43.
by mjwhansen 3y ago
This is correct. Since it was basically accounting sleight-of-hand to get a better score from the Congressional Budget Office, they knew this would be disastrous if it took effect, and were widely expected to repeal it before it did. That d
44.
by mjwhansen 3y ago
Thanks for sharing this! Gergely asked me to review this post before it went live, and his interpretation of the issue is correct.
45.
by mjwhansen 3y ago
The agency gets to expense it, as they do not bear the risks and benefits of commercialization. Their client has to amortize it, though.
46.
How AI is changing gymnastics judging(technologyreview.com)
1 points by mjwhansen 3y ago|0 comments
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by mjwhansen 3y ago
That would be a great series!
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by mjwhansen 3y ago
Congrats on hitting 10 years, Michael! We’re also turning 10 this month… time flies!
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by mjwhansen 3y ago
Thanks for sharing!
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by mjwhansen 3y ago
This is one of the most insightful comments in this entire thread. Public companies never drop news during the trading day, and Microsoft surely would have been notified in advance if they planned to fire him, and had some say in the timing
51.
by mjwhansen 3y ago
To add to this: please contact your Representative and Senators and tell them to tell Congressional leadership to fix R&D spending by the end of the year. Congressional staff are required to keep tabs on everyone who calls in about an i
52.
The Tax Rule Change That Is Threatening Software Businesses' Survival(wsj.com)
4 points by mjwhansen 3y ago|0 comments
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by mjwhansen 3y ago
A lot of the successful indie hacker stories you’ve heard are because they’re active on Twitter. There are thousands of solo dev entrepreneurs that don’t post on Twitter and are very quietly running great little internet businesses.
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by mjwhansen 3y ago
> Finishing requires courage Oh man, I feel this. I’ve been doing a lot of furniture refinishing lately as a hobby. One piece is 90% done and another is 80% done. I was working on the 90% done one today, and was planning to lacquer it to
55.
Startups and the R&D Tax Credit(stratechery.com)
1 points by mjwhansen 3y ago|0 comments
56.
by mjwhansen 3y ago
You do, if you want to claim the tax credit. But the R&D tax credit and R&E under Section 174 are two completely different things. Until 2022, companies had the choice between expensing and amortizing software development under Sect
57.
by mjwhansen 3y ago
They have been. Large companies have been engaging with Congress since 2019 on this, reminding them that they intended to revert this before it took effect. CFOs wrote a letter to Congress in November. https://investinamericasfut
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by mjwhansen 3y ago
The key problem here is that for 70+ years companies have had the option to amortize or expense these costs. This change was made as an accounting sleight of hand to make the 2017 tax cuts look paid for over a long-term basis, but Congress
59.
by mjwhansen 3y ago
This is a complicated question. On the one hand, Section 174 clearly stipulates: "(3)Software development For purposes of this section, any amount paid or incurred in connection with the development of any software shall be treated as
60.
by mjwhansen 3y ago
They are indeed hard hit as well. SBIR grant awardees sent their own letter to Congress about this a month ago: https://sbtc.org/sbtc-letter-to-congress-on-sec-174-tax-conc...

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