4 ms·
on a failed startup of mine, i redid my taxes 3 years after i closed the company. i received $25k as a refund, and it cost me $4k for the accounting. good acc
by jdavid 18y ago
on a failed startup of mine, i redid my taxes 3 years after i closed the company. i received $25k as a refund, and it cost me $4k for the accounting. good accounting is WORTH IT. had i used that firm in the first place i might have saved an additional $50k and spent $4k on fiscal advice. Since i self funded i did a lot of stupid things when it came to managing cash flow and spending personally for my company. also for being able to better leverage credit vs opportunity cost on selling stocks and paying employees, i could have much better used my available margin trading ability that had an interest cost of only 5%, and with some stocks, waiting till the fiscal reports would have been worth 20%, which would have kept me in the black personally, vs. having a burn rate.
oh the things i would do differently, and well, the things i am doing differently with social helix.