Re:Thousands of small businesses are struggling because of ...
by PaulDavisThe1st on Saturday January 20, 2024 @11:46AM
(#39069461)
Your CPA is not correct.
Any software development costs related to improving the product by providing new features must be amortized. Only clear bug fixes can have costs that are expensable.
This is made extremely clear in the IRS guidance document.
Any software development costs related to improving the product by providing new features must be amortized. Only clear bug fixes can have costs that are expensable.
This is made extremely clear in the IRS guidance document.