Software Social

The tax deal that includes a retroactive fix for domestic R&D expensing through 2025 passed the House! Now what?

"Hi, I'm a constituent in your district. Please tell the Representative to support HR 7024." That's all you have to say! Find your Rep's phone number: https://ssballiance.org/

Time to call both of your Senators and your Representative to get fixing 174 on the priorities before the end of the year. This is especially critical if you're in:

• Idaho
• Illinois
• Kentucky
• Montana
• New York
• Ohio
• Oregon
• Pennsylvania
• South Dakota
• Tennessee
• Washington

Look up their phone numbers: https://ssballiance.org/

Michele chats with Kevin Griffin about how she sees side projects not only as a way to earn extra money but as insurance policies against losing your job or other unexpected life events.

Subscribe to Multithreaded Income! 

Michele chats with Jesse J. Anderson, aka ADHD Jesse, about finding out one has ADHD as an adult, entrepreneurship as people with ADHD, parenting an ADHD child, and more.

Get Jesse's book "Extra Focus: The Quick-Start Guide to Adult ADHD" and join his newsletter: https://adhdjesse.com/

+ Recommended book on parenting kids with ADHD: ADD Superparenting

Sign the National Association of Manufacturers letter! https://ssballiance.org/

The R&D Tax Credit still exists, and it might be able to help you offset the Section 174 changes. Michele talks to R&D Tax Credit expert Jonathan Cardella of Strike Tax Advisory to learn more. 

Learn more:

• What is the R&D Tax Credit?
• IRS R&D Tax Credit rules

Please note: This podcast is for informational purposes only and is not tax advice. Talk to your tax preparer for advice about your specific situation. 

CNBC article: https://www.cnbc.com/2023/04/18/software-firms-face-huge-tax-bills-that-threaten-tech-startup-survival.html

Politico Morning Tax: https://twitter.com/mjwhansen/status/1648329709774684165

Michele gives another update on the Section 174 effort and chats with Tyler Tringas and Arvid Kahl.

Huge thanks to Justin Jackson and Corey Haines for sending out the letter to their newsletters! Subscribe to their newsletters:
Corey's newsletter: https://www.corey.co/
Justin's newsletter: https://justinjackson.ca/newsletter

Numbers update on the letter to Congress + crossover with Made with Grit.