strobby - Hackdot

strobby

Re:Tell HN: People laid off in my company due to IRS Section 174 changes on Thursday December 14, 2023 @02:35AM (#38638779)

US product company with a portion of their engineering team based in India. Suddenly their India costs cannot be expensed in the same year and they can only deduct 1/15th of the costs. There’s no guarantee they would be in business for 15 years to realise the deferred tax benefits.

Re:New tax rules on R&D expenses may lead to layoffs for devs on Thursday December 14, 2023 @02:33AM (#38638768)

VC portfolios are typically incredibly unprofitable so this would not matter today.

Tell HN: People laid off in my company due to IRS Section 174 changes

Posted by strobby on Wednesday December 13, 2023 @03:23PM
from the self-post dept.

30 engineers were laid off from the company I work for that does consulting for a US customer. The reason given was that the company’s runway got blown up due to the inflated tax bill they received as a consequence of Section 174 changes that require software development to be capitalized and amortized over 15 years (international).Sharing this here as I don’t see much noise about this issue...

( Read More... | 6 comments | 12 points | on HN )

Re:Ruby on Jets: Like Rails but Serverless on Sunday January 22, 2023 @01:25AM (#34474931)

Sure its a layer of abstraction but super leaky if you want to do anything meaningful.

Re:Show HN: Recycle your old Spotify playlists into shiny new ones on Saturday November 26, 2022 @05:53AM (#33751638)

Do you delete the tracks from your servers after the playlist is generated? :)

Thanks, this works great!

Re:Ask HN: Have you stopped reading most news? on Tuesday November 01, 2022 @07:25AM (#33419717)

Used to be always on Twitter, YouTube news channels, Reddit and various online publications. But over time, I've cut everything out except HN & The Economist. The Economist has a free-market bias but gives a decent round of up what's going on in the world.