Aller au contenu
Request an R&D Tax Credit Assessment of Your Business Click Here

We continue our webinar series with a new episode in February!

Are you facing an increase in tax liability, especially in light of section 174 expenses? Are you curious how changing legislation will impact your tax situation? Don’t miss our upcoming webinar on February 28th!

As many of you are preparing for 2023 closing and 2024 budget and cash flow forecast, understanding the implication of the changes to Internal Revenue Code Section 174 that took effect with tax year 2022 is critical.

Section 174(c)(3) states that “any expenses incurred in connection with software development must be treated as an R&E expenditure (capital asset) and therefore amortized.”

We will discuss the major changes, how to best prepare for the next 5 years, and how to mitigate the initial increase in tax liability in 2023.

Learning Objectives:

  1. Identify 174 expenses vs. R&D qualified expenses
  2. Understand section 174 amortization and its impact
  3. Discover how to reduce the initial increase in tax liability
  4. Prepare for the next few years, or for any reversal of the bill

If your company or some of your clients are part of the following industries, you likely have Sec.174 expenses to consider:
• Manufacturing
• Software & Technology
• Engineering
• Architecture