Ask YC: Is the R & D for startup development tax deductible?
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
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.
You had better clearly state your country as tax rules tend to vary as you go around the world.
that is quite a large blanket of things to be deductible. i doubt it.
/not an expert
/not an expert