Turning the Tables on the Accountants
Posted in Uncategorized on May 29th, 2008 by JackOver at Ask the VC (A must read for any entrepreneur pursuing VC financing), there’s an interesting discussion of whether or not you should capitalize your R & D expenses (you shouldn’t).
Commenter Phil Sugar chines in with funniest – and best – comment:
Usually the good push is to tell them we are going to capitalize all of the accounting expense this year. Once we get things set up we can fire all the accountants and reap the benefit…..watch the gears smoke.
