Ask YC: Is the R & D for startup development tax deductible?

Posted by apstuff on Thursday December 11, 2008 @09:31AM
from the self-post dept.

I'm curious as to whether new startups can deduct the development hours as R & D. If so, how do new companies formally track, quantify and price them?

( 3 comments | on HN )

Re:Ask YC: Is the R & D for startup development tax deductible? by answerly on Thursday December 11, 2008 @11:44AM (#394434)

I have seen some software development R&D deductions at my previous companies here in the US. I am not an accountant and the definition of what is deductible is pretty narrow. The best advice is to discuss with a tax professional since the last headache you need in your startup is an IRS hassle.

[ Parent | on HN ]

Re:Ask YC: Is the R & D for startup development tax deductible? by bdfh42 on Thursday December 11, 2008 @09:35AM (#394294)

You had better clearly state your country as tax rules tend to vary as you go around the world.

[ Parent | on HN ]

Re:Ask YC: Is the R & D for startup development tax deductible? by noodle on Thursday December 11, 2008 @09:37AM (#394298)

that is quite a large blanket of things to be deductible. i doubt it.

/not an expert

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