Investment Tax Credits 2.0 — We Need to Consider Intangibles

An article in Business Week here about a conversation going on between Silicon Valley and Washington DC about the possibility of creating an IT innovation tax credit. This is a step in the right direction. Many of the dollars spent on IT are consulting and integration dollars which are not considered “investments” by accountants. But they  definitely are investments. Read more

Intangible Cost, Not Value

At the recent conference on Intangible Assets at the National Academies, the discussion “Intangibles in the Firm” consisted of two presentations, one by Baruch Lev, Professor of Accounting and Finance at the Stern School at NYU, and the other by Ron Bossio, Senior Project Manager from the Financial Accounting Standards Board.

It is not surprising that the organizers of the conference turned to two accountants to explain the “state of the art” of intangibles in the firm Read more