Can the R&D Tax Credit Offset the Section 174 Changes?

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

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

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

Colleen and Michele talk about their hopes and plans for 2023, and make an announcement about this show.Huge thanks to all of our listeners who became Software Socialites and supported our show! We genuinely appreciate your enthusiasm and support.Chris from Chipper CIThe Daringly Handsome Kevin GriffinAnd Mike from Gently Used Domains, who has a nice personalityDave from RecutMax of OnlineOrNotStefan from Talk to StefanBrendan Andrade of Bright BitsTeam TupleAlex Hillman from The Tiny MBARamy from Hovercode and Rocket GemsJane and Benedikt from UserlistKendall MorganRuben Gamez of SignWellCorey Haines of SwipeWellMike Wade of Crowd SentryNate Ritter of Room StealsAnna Maste of Subscribe SenseGeoff Roberts from OutsetaJustin Jackson, MegaMakerJack Ellis and Paul Jarvis from Fathom AnalyticsMatthew from Appointment ReminderAndrew Culver at Bullet TrainJohn KostorAlex of Corso SystemsRichard from StunningJosh,the annoyingly pragmatic founderBen from Consent KitJohn from Credo and EditorNinjaCam SloanMichael Koper of Nusii ProposalsChris from UrlboxCaeli of TossletGreg Park from TraitLabAdam from Rails AutoscaleLana and Alex from RecapsyJoe Masilotti of railsdevs.comProud MaMa from Oplnet, LLCAnna from KradlMoncef from Ruby on MacSteve of Be InclusiveSimon Bennett of SnapShooter BackupsJosh Smith of Keyhero.ioJesper Christiansen of FormBackendMatthew Wojtowicz of WorkCited Chris of Jetboost.ioDaryl Shannon of DocamaticLarabelles - a community for Laravel developers under-represented due to their genderBrendon from FeederloopPascal from sharpen.pageLynn Romich from KonbiniArvid KahlJames Sowers from Castaway.fmJessica MalnikDamian Moore of Audio Audit Podcast CheckerEldon from NodleStudiosMitchell Davis from RecruitKit

Michele talked to Christian Genco on December 1 about what he needed to do to launch his new SaaS, TheVideoClipper, with a deadline of having it done before this episode was released. So... did he do it? Follow Christian! https://twitter.com/cgencoCheck out TheVideoClipper: https://thevideoclipper.com/Huge thanks to all of our listeners who’ve become Software Socialites and support our show! Chris from Chipper CIThe Daringly Handsome Kevin GriffinAnd Mike from Gently Used Domains, who has a nice personalityDave from RecutMax of OnlineOrNotStefan from Talk to StefanBrendan Andrade of Bright BitsTeam TupleAlex Hillman from The Tiny MBARamy from Hovercode and Rocket GemsJane and Benedikt from UserlistKendall MorganRuben Gamez of SignWellCorey Haines of SwipeWellMike Wade of Crowd SentryNate Ritter of Room StealsAnna Maste of Subscribe SenseGeoff Roberts from OutsetaJustin Jackson, MegaMakerJack Ellis and Paul Jarvis from Fathom AnalyticsMatthew from Appointment ReminderAndrew Culver at Bullet TrainJohn KostorAlex of Corso SystemsRichard from StunningJosh,the annoyingly pragmatic founderBen from Consent KitJohn from Credo and EditorNinjaCam SloanMichael Koper of Nusii ProposalsChris from UrlboxCaeli of TossletGreg Park from TraitLabAdam from Rails AutoscaleLana and Alex from RecapsyJoe Masilotti of railsdevs.comProud MaMa from Oplnet, LLCAnna from KradlMoncef from Ruby on MacSteve of Be InclusiveSimon Bennett of SnapShooter BackupsJosh Smith of Keyhero.ioJesper Christiansen of FormBackendMatthew Wojtowicz of WorkCited Chris of Jetboost.ioDaryl Shannon of DocamaticLarabelles - a community for Laravel developers under-represented due to their genderBrendon from FeederloopPascal from sharpen.pageLynn Romich from KonbiniArvid KahlJames Sowers from Castaway.fmJessica MalnikDamian Moore of Audio Audit Podcast CheckerEldon from NodleStudiosMitchell Davis from RecruitKit

Michele and Colleen reflect on the year. Huge thanks to all of our listeners who’ve become Software Socialites and support our show <3 Chris from Chipper CIThe Daringly Handsome Kevin GriffinAnd Mike from Gently Used Domains, who has a nice personalityDave from RecutMax of OnlineOrNotStefan from Talk to StefanBrendan Andrade of Bright BitsTeam TupleAlex Hillman from The Tiny MBARamy from Hovercode and Rocket GemsJane and Benedikt from UserlistKendall MorganRuben Gamez of SignWellCorey Haines of SwipeWellMike Wade of Crowd SentryNate Ritter of Room StealsAnna Maste of Subscribe SenseGeoff Roberts from OutsetaJustin Jackson, MegaMakerJack Ellis and Paul Jarvis from Fathom AnalyticsMatthew from Appointment ReminderAndrew Culver at Bullet TrainJohn KostorAlex of Corso SystemsRichard from StunningJosh,the annoyingly pragmatic founderBen from Consent KitJohn from Credo and EditorNinjaCam SloanMichael Koper of Nusii ProposalsChris from UrlboxCaeli of TossletGreg Park from TraitLabAdam from Rails AutoscaleLana and Alex from RecapsyJoe Masilotti of railsdevs.comProud MaMa from Oplnet, LLCAnna from KradlMoncef from Ruby on MacSteve of Be InclusiveSimon Bennett of SnapShooter BackupsJosh Smith of Keyhero.ioJesper Christiansen of FormBackendMatthew Wojtowicz of WorkCited Chris of Jetboost.ioDaryl Shannon of DocamaticLarabelles - a community for Laravel developers under-represented due to their genderBrendon from FeederloopPascal from sharpen.pageLynn Romich from KonbiniArvid KahlJames Sowers from Castaway.fmJessica MalnikDamian Moore of Audio Audit Podcast CheckerEldon from NodleStudiosMitchell Davis from RecruitKit

Michele shares her takeaways from the book The Culture Map and what it might mean for getting product feedback and building products across countries. Huge thanks to all of our listeners who’ve become Software Socialites and support our show! You can become a supporter for $100 a year at softwaresocial.dev/supporters   Chris from Chipper CIThe Daringly Handsome Kevin GriffinAnd Mike from Gently Used Domains, who has a nice personalityDave from RecutMax of OnlineOrNotStefan from Talk to StefanBrendan Andrade of Bright BitsTeam TupleAlex Hillman from The Tiny MBARamy from Hovercode and Rocket GemsJane and Benedikt from UserlistKendall MorganRuben Gamez of SignWellCorey Haines of SwipeWellMike Wade of Crowd SentryNate Ritter of Room StealsAnna Maste of Subscribe SenseGeoff Roberts from OutsetaJustin Jackson, MegaMakerJack Ellis and Paul Jarvis from Fathom AnalyticsMatthew from Appointment ReminderAndrew Culver at Bullet TrainJohn KostorAlex of Corso SystemsRichard from StunningJosh,the annoyingly pragmatic founderBen from Consent KitJohn from Credo and EditorNinjaCam SloanMichael Koper of Nusii ProposalsChris from UrlboxCaeli of TossletGreg Park from TraitLabAdam from Rails AutoscaleLana and Alex from RecapsyJoe Masilotti of railsdevs.comProud MaMa from Oplnet, LLCAnna from KradlMoncef from Ruby on MacSteve of Be InclusiveSimon Bennett of SnapShooter BackupsJosh Smith of Keyhero.ioJesper Christiansen of FormBackendMatthew Wojtowicz of WorkCited Chris of Jetboost.ioDaryl Shannon of DocamaticLarabelles - a community for Laravel developers under-represented due to their genderBrendon from FeederloopPascal from sharpen.pageLynn Romich from Konbini   Arvid KahlJames Sowers from Castaway.fmJessica MalnikDamian Moore of Audio Audit Podcast CheckerEldon from NodleStudiosMitchell Davis from RecruitKit

Colleen recaps her learnings from her first TinySeed meetup/MicroConf: Local Austin. Huge thanks to all of our listeners who’ve become Software Socialites and support our show! You can become a supporter for $100 a year at softwaresocial.dev/supportersChris from Chipper CIThe Daringly Handsome Kevin GriffinAnd Mike from Gently Used Domains, who has a nice personalityDave from RecutMax of OnlineOrNotStefan from Talk to StefanBrendan Andrade of Bright BitsTeam TupleAlex Hillman from The Tiny MBARamy from Hovercode and Rocket GemsJane and Benedikt from UserlistKendall MorganRuben Gamez of SignWellCorey Haines of SwipeWellMike Wade of Crowd SentryNate Ritter of Room StealsAnna Maste of Subscribe SenseGeoff Roberts from OutsetaJustin Jackson, MegaMakerJack Ellis and Paul Jarvis from Fathom AnalyticsMatthew from Appointment ReminderAndrew Culver at Bullet TrainJohn KostorAlex of Corso SystemsRichard from StunningJosh,the annoyingly pragmatic founderBen from Consent KitJohn from Credo and EditorNinjaCam SloanMichael Koper of Nusii ProposalsChris from UrlboxCaeli of TossletGreg Park from TraitLabAdam from Rails AutoscaleLana and Alex from RecapsyJoe Masilotti of railsdevs.comProud MaMa from Oplnet, LLCAnna from KradlMoncef from Ruby on MacSteve of Be InclusiveSimon Bennett of SnapShooter BackupsJosh Smith of Keyhero.ioJesper Christiansen of FormBackendMatthew Wojtowicz of WorkCited Chris of Jetboost.ioDaryl Shannon of DocamaticLarabelles - a community for Laravel developers under-represented due to their genderBrendon from FeederloopPascal from sharpen.pageLynn Romich from KonbiniArvid KahlJames Sowers from Castaway.fmJessica MalnikDamian Moore of Audio Audit Podcast CheckerEldon from NodleStudiosMitchell Davis from RecruitKit

Colleen is ready to go all-in on Refine... and that means moving on from Simple File Upload. Huge thanks to all of our listeners who’ve become Software Socialites and support our show! You can become a supporter for $100 a year at softwaresocial.dev/supporters New supporters!Lynn Romich from Konbini  Chris from Chipper CIThe Daringly Handsome Kevin GriffinAnd Mike from Gently Used Domains, who has a nice personalityDave from RecutMax of OnlineOrNotStefan from Talk to StefanBrendan Andrade of Bright BitsTeam TupleAlex Hillman from The Tiny MBARamy from Hovercode and Rocket GemsJane and Benedikt from UserlistKendall MorganRuben Gamez of SignWellCorey Haines of SwipeWellMike Wade of Crowd SentryNate Ritter of Room StealsAnna Maste of Subscribe SenseGeoff Roberts from OutsetaJustin Jackson, MegaMakerJack Ellis and Paul Jarvis from Fathom AnalyticsMatthew from Appointment ReminderAndrew Culver at Bullet TrainJohn KostorAlex of Corso SystemsRichard from StunningJosh,the annoyingly pragmatic founderBen from Consent KitJohn from Credo and EditorNinjaCam SloanMichael Koper of Nusii ProposalsChris from UrlboxCaeli of TossletGreg Park from TraitLabAdam from Rails AutoscaleLana and Alex from RecapsyJoe Masilotti of railsdevs.comProud MaMa from Oplnet, LLCAnna from KradlMoncef from Ruby on MacSteve of Be InclusiveSimon Bennett of SnapShooter BackupsJosh Smith of Keyhero.ioJesper Christiansen of FormBackendMatthew Wojtowicz of WorkCited Chris of Jetboost.ioDaryl Shannon of DocamaticLarabelles - a community for Laravel developers under-represented due to their genderBrendon from FeederloopPascal from sharpen.page   Arvid KahlJames Sowers from Castaway.fmJessica MalnikDamian Moore of Audio Audit Podcast CheckerEldon from NodleStudiosMitchell Davis from RecruitKit