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Accounting for Startups

inDinero Accounting

First of all, there are many other taxes – such as payroll tax, property tax, sales tax, and excise tax – to worry about. All of these should be managed and handled by your accountant. A controller will help take a lot of the administrative burden off of your accountant. They will need to work with HR to keep track of payroll.

Account 52
article thumbnail

Accounting for Startups

inDinero Accounting

First of all, there are many other taxes – such as payroll tax, property tax, sales tax, and excise tax – to worry about. All of these should be managed and handled by your accountant. With an independent contractor, an employer no longer has to worry about expenses for: Payroll taxes. Deferred Tax Credits. Equipment costs.

Account 52