camz

23 ms·

181.
Ask HN: Where to find simple clean fast web design?
2 points by camz 15y ago|1 comments
182.
by camz 15y ago
I've seen a number of options but most people settle on quickbooks because it's the incumbent platform. I wouldn't use lessaccounting and I haven't tried indinero. This is the opinion of a tax accountant so you may have a diffferent idea of
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by camz 15y ago
Just curious, but why have you decided on becoming an actuary? I ask this because becoming an actuary is a difficult process due to the amount of studies required and the cost benefit isn't as lucrative as many other similar fields that wou
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by camz 15y ago
Generally, the risk/benefit is fair because the chances are that the startup will fail. If the startup succeeds, then both parties would be fairly compensated. But, by not paying upfront then the startup could save money and hopefully gai
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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
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Ask HN: Professional Services for Startups (Legal/Tax/Acct) for 2% Equity?
5 points by camz 15y ago|6 comments
187.
by camz 16y ago
portman is correct. he is aware of "circular 230" regulations. usually accountants wouldn't provide advice (especially written advice) because it would lead to potential liability.
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by camz 16y ago
I'm a tax accountant and the answer is incredibly simple. 1. File in the state that you incorporated your business. 2. File in the state that you are domiciled in. The absolute answer to the letter of the law is to file short year returns f
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by camz 16y ago
Honestly this depends on the company because its a question of confidence. Do you have confidence that the company will be generating real revenues and how bad to you need the money. If you have a family and need to have guaranteed income
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by camz 16y ago
Depending on your stautus the tax could be worse. If you're coming over as a student then it's going to be rough because you're basically going to be getting zero deductions or ways pay less tax. If you're coming over on q TN1 or a H1B. The
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by camz 16y ago
the company running this operation is lybianspider, which is good because its the largest registration company for LY domains. Only companies with a lybian physical presence are allowed to sell LY domains. Their previous registration websi
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by camz 16y ago
Option 1 sounds about right. All distributions are going to be tax on your personal income tax and exempt from payroll taxes. Reasonable wages are NOT corporate distributions, they're simply wages paid by the corporation and deducted as an
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by camz 16y ago
I'd like to clarify this argument. This is often a cited "alternative" A national sales tax won't be a simplified cure. Current sales tax laws issued by the states are considered fairly simple. Whatever you buy is taxed at X rate. But,
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by camz 16y ago
No that is not going to work. Keeping money in the business is called "retained earnings." Only C corporations or regular corporations are allowed to retain earnings. Pass-through entities such as partnerships and S-corporations are requ
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by camz 16y ago
I'd be willing to help with my experience with these tax issues. =) I'm both licensed and experienced in the tax field.
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by camz 16y ago
I'd like to clarify the issue. Personally, I think that the CPA in question in the article is an idiot for a number for reasons. (1) He's an accountant so he should've known that playing this game with the IRS as a CPA is begging the IRS
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by camz 16y ago
I'm offering help on incorporations, the podcast is just a way for people to have an idea of what the process is like and an understanding of why to incorporate. Most people feel obligated to incorporate to have a "real business" when it's
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by camz 16y ago
Well the technical knowledge comes from my years of experience as a professional tax accountant. The decision making behind the business came from the fact that I wasn't willing to spend more than my business would generate. So, I was alway
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by camz 16y ago
Thanks fookyong, haha I don't think that I've met an accountant that has been bitter and angry yet lol. I'm definitely going to keep podcasting new content on a weekly basis as long as my schedule permits and I'm able to find content that's
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by camz 16y ago
I honestly didn't mean to sound snotty or obnoxious, I just strongly disagree with people suggesting to others to pay exorbitant fees for incorporations when the information is freely provided. But, I will definitely take your advice into c
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by camz 16y ago
Sorry, I'd have to hire a virtual assistant in order to provide a transcript. I'd like to keep the content free, so I won't be providing transcripts unless someone is willing to volunteer their time or cover that cost. Thanks!
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by camz 16y ago
Honestly, off the top of my head I have no idea. I've registered a few trademarks but its been a while so I need to refresh my memory and do some due diligence before I give you any numbers or facts. Sorry, but I'll definitely write a post
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by camz 16y ago
You know, I honestly didn't even consider trademarks as a question for some reason. But, I think that's an awesome point that I can't believe I overlooked, so thanks for pointing out a huge oversight on my part. I think trademarks have the
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by camz 16y ago
No problem, I'm glad that I was able to help. I'm going to expand the incorporation series to answer more complicated questions as well. Also, my next series of podcasts is going to be on outsourcing and offshoring. I've spent over 6 mont
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Offer HN: Help on Incorporation(cameronkeng.com)
32 points by camz 16y ago|24 comments
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by camz 16y ago
I personally dont like universal logins not because I'm averse to them but because of how difficult they are to use at the moment. Everytime I tried to use open ID its the worst experience in the world. Also, I hate fb so I deactivated my
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by camz 16y ago
The answer is no. haha. The technical explanation is that anyone is allowed to create a company since it is a legal right that everyone is allowed to enjoy regardless of their visa status or nationality. But, working in the company and rec
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by camz 16y ago
As a professional, I appreciate the ability to dress down or in casual wear like jeans a t-shirt. this is forbidden in legal and accounting fields so its basically an unfulfilled dream...unless you work for yourself =D
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by camz 16y ago
Finding a great accountant or an attorney is actually pretty hard and this is coming from a tax accountant. You'll find that finding a good professional is going to be difficult in the same ways. - Questions Great questions to ask a tax or
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by camz 16y ago
It would have to depend on the investor. Honestly you have a founders bias, which is natural. This could be the case with an angel investor but definitely not acceptablefor vcs. Honestly, I'd think that angels wouldn't want the deal either.

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