Few would disagree that information technology is here to stay. Computers and mobile devices have become an extension of the way most people conduct their business (and their personal lives). From video game developers to custom computerized systems, programmers and development companies have engaged STA to “decode” the Internal Revenue Code. During the comprehensive Strategic Tax Planning process, STA concentrates its efforts when engaged by software programmers and designers to include the following:
- Tax credit analysis, including those for research and development
- Domestic production activity deduction analysis
- Inventory methodologies
- Available incentives for export
- Accounting methodologies
- Rules pertaining to cost capitalization versus expense
In an industry where today’s cutting edge can be tomorrow’s obsolete, a customized Strategic Tax Plan examining well-established law serves as a foundation for tax minimization and asset protection for software developers.