Comment by aarondf
3 years ago
As it relates to developer salaries, you don't have an option to decide if you're going to capitalize or immediately expense. With this bill, you must amortize over five years.
You're talking about deciding whether or not to capitalize a laptop, a piece of equipment, a vehicle, etc, and over what period. There's lots of guidance for that. This is very specifically affecting the salaries you pay software developers.
I just figured out the disconnect. This is only for tax reporting and not financials. This is going to be fun.
Real estate has this same problem but 10x as bad.