silverlight

13 ms·

31.
by silverlight 4y ago
I don't really see anywhere in that article where it says that you can have software development expenses that aren't R&E expenses under the new definition. Am I missing it or? In fact it says: > The TCJA added a special ru
32.
by silverlight 4y ago
Let us know what they say!
33.
by silverlight 4y ago
Again, I agree with everything you are saying in your edit. It's just not what my CPA is saying the actual tax code says anymore. Honestly my main reason for starting this discussion was a) to see if anyone else's professional adv
34.
by silverlight 4y ago
I started this discussion after hearing about this from my CPA, who works for a large, multi-state firm. My other business has a different CPA that I am waiting to hear from in terms of their advice/interpretation of this. The articles
35.
by silverlight 4y ago
I agree that you are making logical sense. I think you should review what I linked or talk to a CPA because this this indeed the change this year, and it is indeed nonsensical. This is not the same thing as the R&D tax credit.
36.
by silverlight 4y ago
That may be one option, but now I'm paying interest to give the government an interest-free loan in an inflationary environment. Great.
37.
by silverlight 4y ago
Yes absolutely. I put forth a very simplified example to illustrate the point, but I assume any competent CPA (of which I am not so this is not actual advice) is going to tell you to try and separate out as much as possible that you can rea
38.
by silverlight 4y ago
I haven't! I will forward that one to my accountant, thanks for pointing it out.
39.
by silverlight 4y ago
Yes I assume the definition of "software development" is going to be stretched as far as possible by most companies this year.
40.
by silverlight 4y ago
This is what I've also heard from our CPA (that no one likes this and it shouldn't be happening), but since it's here and taxes are due in April, here we are.
41.
by silverlight 4y ago
The problem is the one above that at the start of the section: (1) except as provided in paragraph (2), no deduction shall be allowed for such expenditures, and What that means is, you can't take it as a normal business expense deducti
42.
by silverlight 4y ago
To be clear I would love for this to be the case. I'm just curious though how you would justify saying a developer's salary is not a software development expense?
43.
by silverlight 4y ago
This is not what my accountant is telling me or what the articles I am finding from large accounting firms are saying... It is not a choice anymore, if it is software dev, it's R&E now. They added a specific callout for software de
44.
by silverlight 4y ago
This is not the same as the tax credit. That is a different deal. Even if you do not claim the credit at all, you still have to do this amortization. > Well, did you spend the $90k on W2 salaried employees, or to a vendor? It wouldn&#x27
45.
by silverlight 4y ago
What that article is saying is that there was hope that they would act and do something so these rules didn't take effect. Congress did not act and so these rules are now in effect. These rules were established as part of the 2017 tax
46.
by silverlight 4y ago
This is how it worked in previous years. Previously, you could elect to take the R&E expenses either entirely in a single year or amortized over the longer period. This year the change is: 1) You can no longer take it all in the single
47.
by silverlight 4y ago
Correct, my company is a partnership LLC and these "phantom profits" are going to flow through to me personally to owe taxes on.
48.
by silverlight 4y ago
In the example I am giving it would be any expense related to "software development." So paying a salary to another person on your team (or 1099 income to a contractor), buying tools to aid in the development, anything at all real
49.
Ask HN: How are you handling Section 174 changes for bootstrapped companies?
298 points by silverlight 4y ago|187 comments
50.
by silverlight 4y ago
Hey everyone, I've been working on a little side project which is a version of Wordle that you can play against others. Choose a word, then take turns guessing and see who gets it first. The twist: any letters you use in your own guess
51.
Show HN: Battlewords – Wordle Meets Battleship(battlewords.riley.dev)
2 points by silverlight 4y ago|1 comments
52.
by silverlight 5y ago
Are you saying this is a totally new network? As in not Visa or Mastercard etc? If so what sort of acceptance at merchants do you anticipate and how do you solve for that?
53.
by silverlight 5y ago
Reminds me of The Terminal Man
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by silverlight 5y ago
We are starting our first apiary this year!
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by silverlight 6y ago
Has that happened before? If so when?
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The Digital Future of Tabletop Games(a16z.com)
1 points by silverlight 6y ago|0 comments
57.
by silverlight 9y ago
Seems to be coming back online for us now.
58.
by silverlight 9y ago
We're definitely seeing it fully down across all 30 of our Realtime DBs on there. Hopefully they'll fix it soon!
59.
by silverlight 9y ago
Reminds me of The Terminal Man by Michael Crichton. Just re read it the other day and although it’s fiction and overblown, it is crazy to see the future catch up to what was science fiction 30 years ago.
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by silverlight 9y ago
Do you enjoy living there overall? My wife and I have talked about moving there sometimes. We have two boys 4 and 6 and like the idea of a close knit community, walking to parks, etc.

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