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Thanks, that's great feedback! That's a good point about basic businesses not needing a monthly bookkeeping company. I've been pretty happy with Wave, so I don'
by nathan_f77 9y ago
Thanks, that's great feedback! That's a good point about basic businesses not needing a monthly bookkeeping company. I've been pretty happy with Wave, so I don't think I need Bench yet.
And I agree, it would be difficult to stay up-to-date with all the tax laws. Ideally I would want to have an accountant as a co-founder, or at least work closely with an accountant who specializes in startups. The idea is that one accountant would create a streamlined process for all startups with similar situations. Then startups could pay a much smaller fee for a repeatable process. In your case, it sounds like your tax situation might be a little more complicated. But I do want to stress that we would have an accountant who double-checks everything, especially for the first customers.
- sharemywin 9y agoThe problem is on the expense side: you just bought a computer do you expense it? depreciate it? You had someone build a component for your website? is that expensed? or was that a capital expenditure?