@leenyburger & @mjwhansen talk indie SaaS 🎙“start from the first episode and binge it because it will bring you so much joy.” - @VicVijayakumarsoftwaresocial.dev Indie Hackers Podcast NetworkJoined July 2020
★ Just published a new episode of Software Social: Colleen & Michele are back on the mics! (For today, at least). Listen: share.transistor.fm/s/53465ca1
More podcasts should have a season theme like tv shows. I’m really obsessed with listening to the bootstrapped founder lately as soon as it comes out because the founder is building a new SaaS and talking about the journey.
★ Just published a new episode of Software Social: ADHD + Entrepreneurship: A Conversation with Jesse J. Anderson, aka ADHD Jesse . Listen: share.transistor.fm/s/2772c921
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★ Just published a new episode of Software Social: The letter to Congress has been sent! Here's what comes next. Listen: share.transistor.fm/s/1109db8b
If you haven't talked to your accountant about this already and employ engineers, talk to your accountant *immediately* because the sticker shock needs to be seen to be believed.
This will cause those businesses tax accounting to show "artificial" profits in the first ~4 years of the adjustment period, beginning this in tax year 2022, and then they will be taxed on those virtual profits *immediately* despite them not corresponding to cash actually earned.
The very short version of the issue is a 2017 change in an obscure part of the tax code that was essentially ignorable by many small companies caused all software development expenses, including salaries, to need to be depreciated and not expensed.
I will probably write about Section 174 depreciation changes and the impact on small software companies and startups in the future, but in the meanwhile, @mjwhansen is organizing a letter to Congress to encourage them to modify policy sensibly.
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Stuff I used to do: Software Social and Section 174 (but I no longer tweet about taxes).
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🎙️ https://t.co/6w69DZmi8H · ✍️ https://t.co/lpnor5rsTW
8K Followers 1K FollowingCEO & Co-Founder of Geocodio. Author of Deploy Empathy.
Stuff I used to do: Software Social and Section 174 (but I no longer tweet about taxes).
51K Followers 1K FollowingSincere poster. No cynicism. Dad to two sets of twins!
- https://t.co/yL0V3eZKDL
- https://t.co/wIdhAlsrlX
- https://t.co/hM9ogEIevT
- @MostlyTechPod
166K Followers 898 FollowingBuilding software I love to use. https://t.co/p4T2vFZoJ1, https://t.co/y0Lq4RQRsu, https://t.co/KfFdieGrVf. Learn to build and learn to sell, you will be unstoppable.
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My Laravel courses: https://t.co/HRUAJdMRZL
My Youtube channel: https://t.co/qPQAkaov2F
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We build systems that make it unreasonable for you not to add an extra $500k-1M in 12 months
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he/him
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