230 reputation
15
bio website edgarmiranda.net
location California
age
visits member for 1 year, 11 months
seen Mar 11 at 21:40
stats profile views 34

Jul
20
awarded  Yearling
Nov
4
accepted How much accounting should a founder of a startup know?
Nov
4
comment How much accounting should a founder of a startup know?
So basically, use quickbooks to the best of my knowledge, and then periodically have a book keeper look over them? This is what I was thinking.
Nov
4
comment How much accounting should a founder of a startup know?
I'm actually in the post revenue state :).
Nov
4
comment How much accounting should a founder of a startup know?
I'm not a huge fan of taking classes (they tend to go too slow for me), do you recommend any books?
Nov
4
asked How much accounting should a founder of a startup know?
Nov
4
comment Splitting up revenue
So... case in point... talk to a CPA or buy an island.
Nov
4
accepted Splitting up revenue
Nov
3
comment Splitting up revenue
We are in California, SF Bay Area.
Nov
3
asked Splitting up revenue
Oct
8
comment 83b Election: is it important?
Does it matter if I do an llc?
Oct
8
asked 83b Election: is it important?
Oct
2
accepted Difference between contractor and intern?
Oct
2
comment Difference between contractor and intern?
Thank you for your answer. I agree that I should let them know that they are in charge of paying their own taxes. I too was a contractor at a young age, didn't know anything about self-employment taxes and after working as a contractor for a year full-time I got hit with a big tax bill at the end of the year. How much should I go into telling the person that they should managetheir own taxes? I was thinking of just telling them to make sure they know about "self employment" tax and to talk to an accountant.
Oct
2
asked Difference between contractor and intern?
Sep
20
answered Does everyone need an investor?
Sep
20
awarded  Commentator
Sep
20
comment Do you pay self-employment taxes as an S-Corp?
So if my company (with me as the only owner/employee) made $200k, I could essentially give myself a $50k salary and then let the rest of the $150k pass through as profits. This would save me 15% in taxes on the $150k and since I'm getting a regular salary it shouldn't attract eyes from the IRS. Is this correct?
Sep
19
comment Errors and Omissions Insurance for a game company?
Though, at the very least I should get general liability insurance correct?
Sep
19
asked Errors and Omissions Insurance for a game company?