Accountinf for Software Development

Accountinf for Software Development

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Can anyone point me in the direction of somewhere that tells me how to account for software development?  Im meeting a new client this week who has developed software and is now selling it.  The Co is in its 1st year of trading.

SSAP13 appears to allow the capitalisation of developments costs

IAS 38 seems to indicate we must capitalise the costs of development and write off research. - if we can measure the costs. The costs will be the directors time. The director will be on a low salary/ high dividend.  How do I measure the cost?

Any thoughts on this would be gratefully received?

Thank you

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By wealthcare ireland
19th Jan 2012 17:15

Think R*D Tax credits

Great underused tax break

 

email me on [email protected]

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