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While I am a single freelance developer, things wouldn't change much with a family. Also GnuCash has heaps of documentation on dealing with employees / payroll

by nickjj 9y ago

While I am a single freelance developer, things wouldn't change much with a family. Also GnuCash has heaps of documentation on dealing with employees / payroll. I think it would be pretty easy to pull off with a couple of employees. Not sure about beyond that, but honestly, it's a non-issue. Worrying about that would be like worrying about how to operate at Google scale when you haven't even developed your product yet. For the record I still goto an accountant every year. I just bring him the reports that GnuCash created. Unless you hire a personal bookkeeper you're always going to be responsible for totaling up your own income for taxes no matter what you use.

Delmania 9y ago
> While I am a single freelance developer, things wouldn't change much with a family. I disagree with this statement because this claims assumes you keep up to date on tax code changes. Getting married, buying a house, and having a child now add in deductions for mortgage interest, child tax credits, child care tax credits, a first time home buyer's loan, and potential changes to your bracket because of your spouse and how you file. Taxes for an individual with 2 kids, a house, and business are definitely more complicated than taxes for a single individual who lives in an apartment. At some point, you have to ask if this is worth your time as opposed to getting work done, especially seeing as how demonstrated in the past year, the government can radically change the tax code.
- nickjj 9y ago
  > I disagree with this statement because this claims assumes you keep up to date on tax code changes. Getting married, buying a house, and having a child now add in deductions for mortgage interest, child tax credits, child care tax credits, a first time home buyer's loan, and potential changes to your bracket because of your spouse and how you file. Taxes for an individual with 2 kids, a house, and business are definitely more complicated than taxes for a single individual who lives in an apartment. At some point, you have to ask if this is worth your time as opposed to getting work done, especially seeing as how demonstrated in the past year, the government can radically change the tax code. Those are all questions you would ask your accountant. But from GnuCash's POV, it's just entering in more transactions per year into their various account buckets.
- deleted 9y ago
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by nickjj 9y ago

Delmania 9y ago

> While I am a single freelance developer, things wouldn't change much with a family. I disagree with this statement because this claims assumes you keep up to date on tax code changes. Getting married, buying a house, and having a child now add in deductions for mortgage interest, child tax credits, child care tax credits, a first time home buyer's loan, and potential changes to your bracket because of your spouse and how you file. Taxes for an individual with 2 kids, a house, and business are definitely more complicated than taxes for a single individual who lives in an apartment. At some point, you have to ask if this is worth your time as opposed to getting work done, especially seeing as how demonstrated in the past year, the government can radically change the tax code.

nickjj 9y ago
> I disagree with this statement because this claims assumes you keep up to date on tax code changes. Getting married, buying a house, and having a child now add in deductions for mortgage interest, child tax credits, child care tax credits, a first time home buyer's loan, and potential changes to your bracket because of your spouse and how you file. Taxes for an individual with 2 kids, a house, and business are definitely more complicated than taxes for a single individual who lives in an apartment. At some point, you have to ask if this is worth your time as opposed to getting work done, especially seeing as how demonstrated in the past year, the government can radically change the tax code. Those are all questions you would ask your accountant. But from GnuCash's POV, it's just entering in more transactions per year into their various account buckets.
deleted 9y ago
[deleted]