New ask Hacker News story: Tell HN: People laid off in my company due to IRS Section 174 changes
Tell HN: People laid off in my company due to IRS Section 174 changes
10 by strobby | 1 comments on Hacker News.
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 here or on mainstream media and just wondering how other small business and startups are handling this. More info: https://ift.tt/Yzpv7nK
10 by strobby | 1 comments on Hacker News.
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 here or on mainstream media and just wondering how other small business and startups are handling this. More info: https://ift.tt/Yzpv7nK
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