This is at least a full time job, probably two, and maybe three depending on how many of our clients get the reporting wrong. That's a cost of $100k - $300k ea

This is at least a full time job, probably two, and maybe three depending on how many of our clients get the reporting wrong. That's a cost of $100k - $300k each year just for the accountants. Let's not forget that some clients will misreport, so we will need to chase them down and deal with their accountants and lawyers. And remember, if the numbers don't match you'll also need a tax lawyer, because you'll be getting audited. Off by more than 25%, have fun in prison. This is a major, onerous reporting process. If you have a $50/month service with 1000 clients, you're doing $600k. This will eat at leSt half of your gross.