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treatment of software development costs

Tax and accounting treatment for website development costs

9th April 2020

Planning on building or updating the website for your company? Not sure how to account or tax the website development costs? Does it go under profit and loss and count as an expense? Or does it go on the balance sheet and count as an asset? Haven’t a clue how to answer those questions? Don’t worry, you’ve come ...read more

How to account for website development costs – a more technical view

17th April 2013

This blog is a more technical break-down of our blog on the accounting treatment for website development costs. Many unwittingly simply write off development costs as a P&L expense and don’t give it a second thought. Others do the opposite and unilaterally capitalise all the costs as an asset.Which is correct?The answer, according to the Accounting Standards Board ...read more