50 ms·
Getting accounting correct in this kind of situation is just very hard, and sometimes people get it wrong even with due diligence and advice from trained profes
by gcp 9y ago
Getting accounting correct in this kind of situation is just very hard, and sometimes people get it wrong even with due diligence and advice from trained professionals in the field.
Saying this is "supporting bad practices" when they are addressing the problems with their set up is IMHO disingenuous.
(This kind of problem also illustrates why Mozilla is set up the way it is, with a Foundation and a Corporation. Tax Law doesn't always deal well with doing both in the same org.)
- wodenokoto 9y agoJust to add to your point: Mozilla is set up that way because they got in trouble with the IRS, and had a tax debt for - if memory serves me well - some years after setting up the corporation. Taxes and accounting is not easy.