The accounting standards forbid expensing things that should be capitalised, and... | Hacker News

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		jsmith99 on April 18, 2023 \| parent \| context \| favorite \| on: Software firms across US facing tax bills that thr... The accounting standards forbid expensing things that should be capitalised, and if you go ahead and do it anyway your investors will wonder why your accounts show you have no assets.

rhaway84773 on April 18, 2023 [–]

Your CA would certainly prevent that from happening well before your investors look at your accounts.

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