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US tax change could kill your software business, and it already took effect (indiehackers.com)
3 points by 1auralynn on March 31, 2023 | hide | past | favorite | 2 comments


The issue around Section 174 amoritization for R&D was discussed previously on Hacker News (https://news.ycombinator.com/item?id=34627712), I'm suprised it isn't hitting the front page again as tax season is upon us.

Personally, I'll owe $100,000 in personal taxes because I own an LLC taxed as an S-Corp (pretty much my salary last year - we're small and bootstrapped). I actually told my story to the WSJ hoping that it would make a difference, but there are still not a lot of people talking about it. https://www.wsj.com/articles/small-businesses-face-big-tax-b...


Kinda sounds like you need to give the company a personal loan that they are paying back instead of a wage.




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