Latest posts tagged with #Section174 on Bluesky
"When high-paid tech workers disappear, so do the lunch orders. The house tours. The contract gigs. The spending habits that sustain entire urban economies and thousands of other jobs. Rideshare drivers. Realtors. Personal trainers. House cleaners."
#Section174 #R&D
www.cbh.com/insights/art...
AI, Taxes, and the Real Story Behind the Tech Layoffs www.linkedin.com/pulse/ai-tax... #AI #TechLayoffs #FutureOfWork #CEO #CIO #COO #WorkforceTransformation #TaxReform #Section174 #GenAI #AIWorkforce
Alright, listen up. Section 174 reform is HUGE for U.S. jobs, R&D & startups! Expect a major shift towards American innovation in tech, engineering, manufacturing, life sciences & healthcare. 🚀 #Section174 #USTaxReform #STEMJobs #AmericanMade
Read more at eitl.ai/blog/one-big... hoping to give some hope for those in the job market.
#TechLayoffs #Positivity #Section174
"Section 174’s tax burden is the catalyst, turning leaders into penny-pinchers who’d rather offshore than invest in the people who make automation hum."
#InformationTechnology #SoftwareDevelopment #CorporateTax #Layoffs #CorporateGreed #Section174
HN discussion on US tax code Section 174 requiring amortization of software dev costs over 5 yrs. Concerns about impact on software companies, startups, cash flow, and definition of "software development." Call for restoring immediate deductions. #Section174 1/6
US tax code Section 174 now mandates R&D costs, including software development, be amortized over 5 years (15 for foreign R&D), effective 2022. This change from immediate expensing sparked debate on its impact on tech & the economy. #Section174 1/6
Congress in 2017: “Let’s screw over R&D… but later.”
2022: Section 174 kicks in.
Tech: bleeds jobs.
Innovation: choked.
Lawmakers: “Why is this happening??”
#YouBuiltThis #Section174 #TechLayoffs
qz.com/tech-layoffs...
US House Ways and Means Committee #Section174 fix only runs through 2029 www.youtube.com/live/inurboP... #SBIR
Forbes - House Bill Allows Immediate Expensing For Domestic Research - www.forbes.com/sites/lynnmu... Fixes #Section174 #SBIR taxation but only through 2029.
Washington Examiner - We’re a nation of innovators, but our tax code no longer encourages it www.washingtonexaminer.com/op-eds/33983... #SBIR #Section174
U.S. Joint House & Senate Hearing: "Prosperity on Main Street: Keeping Taxes Low for Small Businesses" www.youtube.com/live/bfmDV6g... #SBIR #Section174
Technically Media: The tax change that blindsided tech firms may finally be reversed — but time is running out - technical.ly/startups/r-d... #Section174 #SBIR
Text of Us House Bill H.R. 1990 - American Innovation and R&D Competitiveness Act of 2025 www.taxnotes.com/research/fed... #SBIR #Section174
Bill to restore #Section174 tax rules referred to the House Committee on Ways and Means - H.R.1990 - To amend the Internal Revenue Code of 1986 to restore the deduction for research and experimental expenditures www.congress.gov/bill/119th-c... #SBIR
Sec. 174 R&D Tax Expensing: In 2022 changes to the tax code went into effect that removed the immediate R&D tax deduction in Sec. 174 of the tax code, and replaced it with a 5-year amortization requirement. Deferrals on expenses for tax purposes have been crippling for SBIR firms, which are small and heavily focused on R&D innovation, and so face large added tax bills without cash or other earnings to offset. While the temporarily-added tax revenues from SBIR firms contribute very little to the federal budget, the firms that are hardest hit are the smallest innovators and the early-stage high-growth companies that are not yet making a profit, yet face huge added Sec 174 taxes, threatening their existence and limiting their ability to attract further loans and other investment. While the European Union and China are increasing tax benefits and support for R&D and small business, this cash penalty applied to America’s SBIR entrepreneurs is stifling our earliest stage innovators.
#Section174 was mentioned in the Glover testimony.
Small Business Technology Council letter to Congress "urges legislators to prioritize restoring the Sec. 174 R&D Tax deduction in any tax legislation" sbtc.org/sbtc-letter-... #section174 #SBIR
Section 174 Explained: Why It Matters for Your Startup #SBIR #section174 #irs www.youtube.com/watch?v=BbpA...
Wall Street Journal: Small Businesses Face Big Tax Bills From Research-Deduction Change #sbir #section174 www.wsj.com/articles/sma...
Fortune: "The federal government is simultaneously investing in my startup–and crippling our business with a little-known tax code provision. Only Congress can save us" #section174 #SBIR fortune.com/2024/01/31/f...
The 2025 Tax Debate: Cost Recovery Provisions in TCJA #section174 #SBIR bipartisanpolicy.org/explainer/th...
Start-ups with Grant Funding Face Additional Tax Burdens Due to the TCJA’s IRC Sec. 174 R&D Capitalization #SBIR #section174 www.eisneramper.com/insights/tax...
Will R’s pass another TCJA but not fix the devastating #Section174 taxes (which ended immediate expending of R&D/tech work)? Section174 taxes are destroying small businesses that can’t afford to amortize. $12B loss to US R&D. See Stanford study: www.gsb.stanford.edu/insights/ame...
