When Are ERP Costs Deductible?

Topics:
ERP,
Strategic Management Tools
Tags:
Enterprise Resource Planning (ERP),
Training And Certification,
Training,
Software,
Re-engineering,
Organizational Structure,
Human Resources,
ERP Software,
ERP,
Enterprise Software,
...
Source:
Thomson Gale

Vendor Registration: required

Overview: The IRS normally takes the position that businesses must capitalize the cost of Enterprise-Resource-Planning software (ERP) and amortize it over 36 months. ERP software incorporates financial accounting, inventory control, production, sales and distribution and human resources modules. The IRS requires businesses to capitalize reengineering costs. When a company engages in reengineering and capitalizes the expense of doing so, it ends up including a good deal of training costs because the essence of reengineering is training employees to accomplish a task in a different way. Taxpayers should isolate as many training costs as possible in the spreadsheets they use to track ERP costs.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Jan 2003

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