This impacts deductable expenses, not profits directly. The labor you pay for internally owned IP related to software must be amortorized. This screwed up an enormous number of business plans because software has more risk than many other endeavors. For small businesses, you basically can't do your own software.
It applies to things like configuring your internal tools too. Good luck at audit time.
It applies to things like configuring your internal tools too. Good luck at audit time.