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I can understand your thoughts on many of your opinions but I also disagree with some of them. For example, if you're not generating revenues and your incurrin
by camz 15y ago
I can understand your thoughts on many of your opinions but I also disagree with some of them.
For example, if you're not generating revenues and your incurring expenses. Then that would result in losses. Losses would provide you refunds and additional funds to keep your startup going to slow the burn rate.
Alternatively, you could also save the losses for the future to offset any income.
But, if you dont take care of it presently, then you'd take huge losses that you'd be unable to recoup in the future. What's your opinion on this issue?
- andrewstuart 15y agoAs a startup there should be almost no other costs except your time and the price of a domain name. Forget about tax losses - you should not be spending money on things that will give you tax losses - if you are then you are burning money. You should be burning time, not money. A tax offset for losses is not a "refund", at least not where I live. It allows you to decrease your taxable income. If you have no taxable income (i.e. revenue) then you cannot offset those losses against anything.