BookMarksPlus

Are consulting fees capitalized or expensed?

laliotismerry525

Software

capitalized

,

consulting

,

expensed?

https://www.fractional.consulting/are-consulting-fees-capitalized-or-expensed  
The fees you paid to the consultant to determine the amount of the credit are operating expenses and should be recorded as expenses, just like any other charge for accounting services or temporary service. You cannot capitalize on that type of commission under GAAP or for US tax purposes.