Shaping the Future of Software Capitalization with Automation

R&D cost capitalization is notorious for being a cumbersome process that requires humans to manually report, track, and maintain a record of investments made into software R&D using spreadsheets and timesheets. Up until the beginning of the 2022 calendar year, all organizations were able to fully deduct software R&D costs for tax purposes. With tax changes now in effect requiring all organizations to amortize and capitalize software development R&D costs, it’s time to rethink what the future of R&D cost capitalization looks like and replace the tedious, manual, time tracking with automation to make software capitalization quick, easy, and lightweight.

In this webinar, we’ll review the path that led us to where we are today, the challenges that organizations typically face when modernizing their approach to software capitalization, and why Allstacks is best positioned to help you easily produce accounting-ready records of capitalizable software development work in an automated, lightweight fashion. Hear from finance executive & investor Scott Buxton on why modernizing your approach to R&D cost capitalization is paramount in 2024.