FAQ: 

Does Section 174 only affect software companies?

Listed below are some of the most frequently asked questions our team receives about R&D tax credits

Does Section 174 only affect software companies?

No. Section 174 applies to research and experimental expenditures in any industry, so manufacturers, engineering firms, food and beverage producers, and agriculture businesses were all caught by the capitalisation rules. Software drew the most attention because software development costs are named directly in the statute, but the rules were never limited to software.

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