March 5, 2020

The Hartford Business Journal published an article by National Technology & Life Sciences Industry Leader Michael Brooder and Senior Manager Daniel Villecco about properly capitalizing software costs.

Hartford Business Journal

By Michael Brooder, National Technology & Life Sciences Industry Leader & Daniel Villecco, Senior Manager, Assurance Services

Related Services Tax & Business, Tax Advisory Services

Related Industry Life Science & Biotech

The Hartford Business Journal published an article by National Technology & Life Sciences Industry Leader Michael Brooder and Senior Manager Daniel Villecco about properly capitalizing software costs. Tax & Business

Excerpt:

The rules for capitalizing software costs, which apply to both perpetual licensing and SaaS products, may appear cumbersome, but can be broken down into three easy steps: (1) determining which capitalization “bucket” the software falls into, (2) identifying which costs to capitalize, and (3) amortizing the costs.

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