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Accounting for Startups

inDinero Accounting

Accrual accounting includes accounts payable and receivable in these calculations. As a result, the first few years may see negative returns, and hence no income tax liability. However, this doesn’t mean you shouldn’t concern yourself with taxes. All of these should be managed and handled by your accountant.

Account 52
article thumbnail

Accounting for Startups

inDinero Accounting

Accrual accounting includes accounts payable and receivable in these calculations. As a result, the first few years may see negative returns, and hence no income tax liability. However, this doesn’t mean you shouldn’t concern yourself with taxes. All of these should be managed and handled by your accountant.

Account 52