Accounting Troubleshooters (Canada) Forum
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Freelance work - hunnchback - 05-31-2014 08:03 AM


I have recently started a new business and I hired a team of developers in India to work on my website. I am registered as Inc and I wanted to know if I can expense this cost as I have made investment to start a business.

Please help


RE: Freelance work - Aida Howard - 10-14-2014 12:46 PM

Check out this site.

you can capitalize the intial web development costs and apply yearly depreciation.
Any future enhancements can be expensed as maintenance.
The determining factor is the enduring benefit of the website development costs.

RE: Freelance work - Madan CA - 01-27-2015 01:30 AM

You can read the following for more information on capitalize vs expense.

Madan CA

RE: Freelance work - TRJones - 05-16-2017 09:27 PM

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