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

1 points by apstuff ↗ HN
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

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bdfh42
You had better clearly state your country as tax rules tend to vary as you go around the world.
noodle
that is quite a large blanket of things to be deductible. i doubt it.

/not an expert

answerly
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.