4 ms·
Micah, could you share a little more about what state your books were in and what you would have done differently?
by aasarava 18y ago
Micah, could you share a little more about what state your books were in and what you would have done differently?
- MicahWedemeyer 18y agoWell, the books were in the "nonexistent" state. We had a bunch of receipts from web hosting providers, plus maybe $100 in ad revenue. We wanted to declare all the hosting costs as a loss on our income taxes. The accountant recommended setting up QuickBooks online, I believe. The basic idea is to track each and every bit of income and expenditure. It can be a real pain, but that's what it means to run a business. Note: We're still in the "nonexistent" state now, because we just never get around to it. So, don't listen to my advice!