strobby

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://www.onlycfo.io/p/new-tax-rule-is-terrible-for-software