It begins this year. Sounds like the start of a horror movie but it is actually changing to tax credits scheduled as part of the Tax Cuts and Jobs Act (TCJA) of 2017 Act. Among these changes, which start with the 2022 tax year, is a move to a five-year amortization of...
Image by PublicDomainPictures from Pixabay Due to the legislative changes created by the Tax Cuts and Jobs Act of 2017 (TCJA), research and development costs (including software development costs) must be capitalized taxable year beginning January 1, 2022. The...
Recent Comments