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Ask HN: How do you do your company's taxes?
11 points by thinkcomp on Feb 28, 2009 | hide | past | favorite | 2 comments
As someone who has been working on tax software for about five years, I'm curious as to how most startups handle getting to March 15th. Do most entrepreneurs even know what taxes they're supposed to be paying, or is that something for a CPA/payroll company to handle?

I'm mostly interested in U.S.-based businesses, but it wouldn't hurt to how things work in other parts of the world as well.




Nthing using an accountant for the company. I do my personal taxes myself, however. If I make a mistake for myself, it only affects me. If I mess up my company's taxes, I affect my company's investors, employees, partners, and a whole lot more people.


Use an accountant, doing it yourself is not worth it, since the accountant will pay for himself by catching a lot of deductions that you missed




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