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

1 pointsby apstuffover 16 years ago
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

answerlyover 16 years ago
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.
bdfh42over 16 years ago
You had better clearly state your country as tax rules tend to vary as you go around the world.
noodleover 16 years ago
that is quite a large blanket of things to be deductible. i doubt it.<p>/not an expert